Cheap Homes for Rent in Homestead Neighborhood of Portland, OR from $1,300 (11 Rentals)

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

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.

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property at 3601 S River Pkwy

3601 S River Pkwy

PortlandOR97239

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.

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Showing Results 1-11, Page 1 of 1

Homestead, Portland, OR Local Guide

Cheapest Available Homestead Apartments for Rent

 

The cheapest available apartment rental in the Homestead area of Portland, OR is a Studio unit found at Acqua Apartments priced from $924. Modern New Construction has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Homestead apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Acqua ApartmentsStudioStudio,1BA$924
Modern New Construction 0BR/1.0BAStudio,1BA$925
Koz on 4thStudioStudio,1BA$943
The AmyBurnsideStudio,1BA$995
Park Plaza1x11BR,1BA$1,029

Best Value Apartments for Rent in Homestead, OR

As of September 14, 2025 the best value apartment in the Homestead area is the $2.10 price per square foot 3x1 Pettygrove Model at The Douglas in the in the Southwest Portland neighborhood starting from $2,875. The second greatest value Homestead apartment is the 2x2 B Model at MARQ - The Woods on Marquam Hill starting at $2,195 with a $2.15 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.
The Douglas3x1 Pettygrove3BR,1BA$2.10
MARQ - The Woods on Marquam Hill2x2 B2BR,2BA$2.15
Downtown Living Starts At Lair Hill1x11BR,1BA$1.82
Hilltop House Apartments1 bedroom 1 bath large1BR,1BA$1.96
The Matisse01F1Studio ,1BA$2.04
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.17
Harborview Apartments1BR/1.0BA1BR,1BA$1.91
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
WaterleafStudio-60%Studio ,1BA$2.13
Acqua ApartmentsStudioStudio ,1BA$2.12

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Homestead, Portland, OR

Ranked #43

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Homestead

What type of rentals are currently available in Homestead?

There are currently 168 Apartments for Rent in Homestead, OR with pricing that ranges from $924 to $10,485. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homestead ranging from $1,375 to $7,550.

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 $1,375 to $7,550 with an average monthly rent of $3,097.

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.

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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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.