Cheap Homes for Rent in the Homestead Neighborhood of Portland, OR from $1,195 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in the Homestead area of Portland.

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

property at 3570 S River Pkwy
$1,700 - $2,195
Studio To 1 Bedroom Rentals
Available Now
Affordability

3570 S River Pkwy

PortlandOR97239
property at 3701 SW Condor Ave
$1,750

Total Monthly Price

Base Rent$1,750

Total Monthly Price$1,750
1 Bedroom, 1 Bath Condo for Rent
Available Now
Furnished

3701 SW Condor Ave, Unit K 1

3701 SW Condor Ave
PortlandOR97239
  • Smoke Free
property at 3601 S River Pkwy
$2,000

Total Monthly Price

Base Rent$2,000

Total Monthly Price$2,000
Studio, 1 Bath Condo for Rent
Available Now
Furnished

3601 S River Pkwy, Unit 1302

3601 S River Pkwy
PortlandOR97239
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Cheapest Available Homestead Apartments for Rent

 

The cheapest available apartment rental in the Homestead area of Portland, OR is a Studio unit found at 3727 SW Hood priced from $995. Westfal Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here are the most affordable Homestead apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
3727 SW Hood0BR/1.0BAStudio,1BA$995
Westfal ApartmentsOne Bedroom1BR,1BA$1,025
The FredrickBarburStudio,1BA$1,025

Best Value Apartments for Rent in Homestead, OR

As of September 08, 2026 the best value apartment in the Homestead area is the $2.28 price per square foot 3601 sw river parkway Model at 3601 sw river parkway, Unit Unit 1118 in the in the Southwest Portland neighborhood starting from $2,750. The second greatest value Homestead apartment is the 22F1 Model at The Matisse starting at $2,165 with a $1.99 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 ListingModel NameBed/BathPrice Per Sq.Ft.
3601 sw river parkway, Unit Unit 11183601 sw river parkway1BR,1BA$2.28
The Matisse22F12BR,2BA$1.99
Cascade VistaTwo Bedroom A2BR,1BA$1.96
Hilltop House Apartments1 bedroom 1 bath large1BR,1BA$2.00
Gray's LandingOne-Bedroom1BR,1BA$1.88
Park Plaza1x11BR,1BA$2.18
#185-4130 SW View Point Terrace1BR/1.0BA1BR,1BA$1.77
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.10
Westfal ApartmentsOne Bedroom1BR,1BA$1.71
WaterleafStudioStudio ,1BA$2.17

Frequently Asked Questions about Homestead

What type of rentals are currently available in Homestead?

There are currently 173 Apartments for Rent in Homestead, OR with pricing that ranges from $470 to $8,253. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homestead ranging from $1,195 to $11,500.

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 $1,195 to $11,500 with an average monthly rent of $3,139.

Expert Rental Resources

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.

Helpful Local Expert Guides

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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

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Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.