
Cheap Homes for Rent in Homestead Neighborhood of Portland, OR from $1,200 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Homestead area of Portland.


3712 S Kelly Ave

5885 S Macadam Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

3323 SW US Veterans Hospital Rd

4900-4902 SW Slavin Rd

3340 SW 12th Ave

3601 S River Pkwy

3610 S Kelly Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

4534 S Water Ave

851 SW Broadway Dr

111 SW Harrison St, Unit 111 SW Harrison St. #11G

205 S Montgomery St

3710-3730 SW 12th Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

3601 S River Pky, Unit 433

3701 SW Condor Ave
Homestead, Portland, OR Local Guide

How much does it cost to rent a home in Homestead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homestead 2 Bedroom Homes for Rent | $2,811 | $1,295 | $7,500 |
| Homestead 3 Bedroom Homes for Rent | $4,078 | $2,400 | $5,995 |
| Homestead 4 Bedroom Homes for Rent | $4,063 | $2,995 | $4,995 |
| Homestead 5 Bedroom Homes for Rent | $5,249 | $5,249 | $5,249 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 1 mile radius of the Homestead Neighborhood of Portland, OR.
Explore Portland
Homestead, Portland, OR Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Homestead Apartments for Rent
 The cheapest available apartment rental in the Homestead area of Portland, OR is a Studio unit found at Hillcrest style priced from $925. Koz on 4th has the second lowest priced unit, which is a Studio apartment currently listed from $941. Here are the most affordable Homestead apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillcrest style | Studio | Studio,1BA | $925 |
| Koz on 4th | Studio | Studio,1BA | $941 |
| The Amy | Burnside | Studio,1BA | $950 |
| Waterleaf | Studio-60% | Studio,1BA | $999 |
| Acqua Apartments - Student Affordable | Studio | Studio,1BA | $1,005 |
Best Value Apartments for Rent in Homestead, OR
As of November 10, 2025 the best value apartment in the Homestead area is the $1.98 price per square foot 131 SW Hooker St Model at 131 SW Hooker St, Unit 131 in the in the Southwest Portland neighborhood starting from $2,175. The second greatest value Homestead apartment is the 22F1 Model at The Matisse starting at $1,315 with a $1.21 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for Homestead apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 131 SW Hooker St, Unit 131 | 131 SW Hooker St | 2BR,1BA | $1.98 |
| The Matisse | 22F1 | 2BR,2BA | $1.21 |
| 5830 S Kelly Ave, Unit #1 | 5830 S Kelly Ave | 2BR,1BA | $1.80 |
| 3022 SW 12th Ave, Unit 3022 | 3022 SW 12th Ave | 2BR,1BA | $1.75 |
| Town and Country Apartments | 2BR/1.0BA | 2BR,1BA | $1.78 |
| Hilltop House Apartments | 1 bedroom 1 bath large | 1BR,1BA | $1.96 |
| Modern New Construction | 1BR/1.0BA | 1BR,1BA | $1.94 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.11 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.83 |
| Waterleaf | Studio-60% | Studio ,1BA | $1.74 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
Read ArticleApartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleHomestead, Portland, OR
Ranked #37
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Homestead
What type of rentals are currently available in Homestead?
There are currently 172 Apartments for Rent in Homestead, OR with pricing that ranges from $886 to $9,214. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homestead ranging from $1,295 to $7,500.
What is the current price range for Rental Homes in Homestead?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Homestead ranges from $1,295 to $7,500 with an average monthly rent of $3,312.
How much are larger Three and Four Bedroom Rentals in Homestead?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Homestead range from $1,773 to $6,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $5,995. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $4,617.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

