
Cheap Homes for Rent in the Homestead Neighborhood of Portland, OR from $1,195 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Homestead area of Portland.


4314 SW Vw Pt Ter

3719 S Hood Ave, Unit B

3712 S Kelly Ave

908 SW Gaines St
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.

5885 S Macadam Ave

3419 SW Naito Pkwy

3570 S River Pkwy

3701 SW Condor Ave, Unit K 1

3601 S River Pkwy, Unit 1302
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.
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 | $3,094 | $1,395 | $7,150 |
| Homestead 3 Bedroom Homes for Rent | $4,791 | $3,500 | $5,900 |
| Homestead 4 Bedroom Homes for Rent | $6,648 | $4,095 | $10,000+ |
| Homestead 5 Bedroom Homes for Rent | $3,795 | $3,795 | $3,795 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Homestead Neighborhood of Portland, OR.
Explore Portland
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3727 SW Hood | 0BR/1.0BA | Studio,1BA | $995 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1,025 |
| The Fredrick | Barbur | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3601 sw river parkway, Unit Unit 1118 | 3601 sw river parkway | 1BR,1BA | $2.28 |
| The Matisse | 22F1 | 2BR,2BA | $1.99 |
| Cascade Vista | Two Bedroom A | 2BR,1BA | $1.96 |
| Hilltop House Apartments | 1 bedroom 1 bath large | 1BR,1BA | $2.00 |
| Gray's Landing | One-Bedroom | 1BR,1BA | $1.88 |
| Park Plaza | 1x1 | 1BR,1BA | $2.18 |
| #185-4130 SW View Point Terrace | 1BR/1.0BA | 1BR,1BA | $1.77 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.10 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Waterleaf | Studio | Studio ,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

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.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
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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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Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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.
Articles, How-To's, and Tips

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.