Cheap Apartments for Rent in the Inner Southeast Neighborhood of Portland, OR from $300 (70 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Inner Southeast area of Portland.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Frankie
Rent Specials
$1,410 - $4,035
Total Monthly Price

Total Monthly Price

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$1,410 - $4,035

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Studio to 3 Bedroom Apartments Available Now

The Frankie

3260 SE Milwaukie AvePortland, OR 97202
Student Housing
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  • Customer Reviewed
  • 3D Tour

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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Z_Howard House
Studio to 2 Bedroom Apartments

Z_Howard House

2644 SE Powell BlvdPortland, OR 97202
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Z_Kateri Park
1 to 4 Bedroom Apartments

Z_Kateri Park

3640 SE 28th AvePortland, OR 97202
  • Utilities Included
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Esperanza Court
1 to 2 Bedroom Apartments

Esperanza Court

3611 SE 28th AvePortland, OR 97202
  • Utilities Included

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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Cedar Flats
Studio to 2 Bedroom Apartments

Cedar Flats

3727-3779 SE 40th AvePortland, OR 97202
  • Utilities Included
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Lynnwood Apartments
Studio to 2 Bedroom Apartments

Lynnwood Apartments

1634 SE Hawthorne BlvdPortland, OR 97214
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Enclave 54
Studio Apartments

Enclave 54

5434 SE Milwaukie AvePortland, OR 97202
  • Utilities Included
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Dean River
Studio to 3 Bedroom Apartments

Dean River

3255 SE 17th AvePortland, OR 97202
Corporate Housing
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Warnell Apartments!
Studio to 1 Bedroom Apartments

Warnell Apartments!

1512 SE 16th AvePortland, OR 97214
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Oliver Apartments
Studio to 2 Bedroom Apartments

Oliver Apartments

4330 SE Division StPortland, OR 97206

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.

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Creston Villa
1 to 3 Bedroom Apartments

Creston Villa

3608 SE 40th AvePortland, OR 97202
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Powell
Studio to 2 Bedroom Apartments

Powell

3605 SE 38th AvePortland, OR 97202
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4425 SE 26TH Ave
1 Bedroom Apartments

4425 SE 26TH Ave

4425 SE 26TH AvePortland, OR 97202
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Villa 34 Apartments
Studio to 2 Bedroom Apartments

Villa 34 Apartments

3807 SE 34th AvePortland, OR 97202
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Division Terrace
Studio to 1 Bedroom Apartments

Division Terrace

2880 SE Division StPortland, OR 97202
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Britney Forest Apartments
1 to 2 Bedroom Apartments

Britney Forest Apartments

3904-4014 SE 39th AvePortland, OR 97202
Corporate Housing
  • Utilities Included
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The Hub
Studio to 1 Bedroom Apartments

The Hub

3423 SE Hawthorne BlvdPortland, OR 97214
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Insley Apartments
1 to 2 Bedroom Apartments

Insley Apartments

5350 SE 18th AvePortland, OR 97202
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Hudson Court Apartments
1 to 2 Bedroom Apartments

Hudson Court Apartments

4125-4153 SE 39th AvePortland, OR 97202
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Inner Southeast, Portland, OR Local Guide

Cheapest Available Inner Southeast Apartments for Rent

 

The cheapest available apartment rental in the Inner Southeast area of Portland, OR is a Studio unit found at The Tristan priced from $975. Wimbledon Square And Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $1,080. Here are the most affordable Inner Southeast apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The Tristan0 Bedroom 1 Bath - 50411Studio,1BA$975
Wimbledon Square And GardensSpaldingStudio,1BA$1,080
Warnell Apartments!0BR/1.0BAStudio,1BA$1,095
Brookland ApartmentsStudio, 1 BathroomStudio,1BA$1,129
Creston Villa1 Bedroom 1 Bath1BR,1BA$1,195
Villa 34 Apartments1x11BR,1BA$1,225
Division Street LoftsMorrisonStudio,1BA$1,235
Hunter's Ridge Apartments2 Beds, 1 bath2BR,1BA$1,245
The Hawthorne1x1a1BR,1BA$1,299
Shady Glen Apartments1 Bedroom 1 Bath1BR,1BA$1,325

Best Value Apartments for Rent in Inner Southeast, OR

As of April 27, 2026 the best value apartment in the Inner Southeast area is the $1.66 price per square foot 3 Bedroom Model at Francis Park in the in the Southeast Portland neighborhood starting from $1,990. The second greatest value Inner Southeast apartment is the 2 Bedroom / 1.0 Bath Model at Ashley Court Apartments starting at $1,600 with a $1.78 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Inner Southeast apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Francis Park3 Bedroom3BR,2BA$1.66
Ashley Court Apartments2 Bedroom / 1.0 Bath2BR,1BA$1.78
The Enclave2 Bedroom2BR,1BA$1.75
Shady Glen ApartmentsTwo Bedroom 1 Bath2BR,1BA$1.70
Milwaukie Avenue ApartmentsBottom Floor2BR,1BA$1.81
3808 SE Cesar Estrada Chavez Blvd, Unit 83808 SE Cesar Estrada Chavez Blvd2BR,1BA$2.00
Hunter's Ridge Apartments2 Beds, 1 bath2BR,1BA$1.61
Villa 34 Apartments1x11BR,1BA$1.63
Moreland Place Apartments2x12BR,1BA$1.90
2881 Francis SE St, Unit 202881 Francis SE St2BR,1BA$1.99

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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!

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Don'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.

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The 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.

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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.

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A 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

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Pet Friendly Lifestyle
Inner Southeast, Portland, OR

Ranked #78

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States, including Portland. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, family-friendliness, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Inner Southeast Apartments

What is a cheap apartment in Inner Southeast?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Inner Southeast is under $1,325.

What is the price of a cheap apartment in Inner Southeast?

The cheapest apartment in Inner Southeast is Wimbledon Square And Gardens which is listed at $1,102, while the average apartment in Inner Southeast costs $7,392.

What types of apartments are the cheapest in Inner Southeast?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Inner Southeast that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

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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From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.