Cheap Apartments for Rent in the Inner Southeast Neighborhood of Portland, OR from $500 (15 Rentals)

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

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Esperanza Court
1 to 2 Bedroom Apartments

Esperanza Court

3611 SE 28th AvePortland, OR 97202
  • Utilities Included

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_Kateri Park
1 to 4 Bedroom Apartments

Z_Kateri Park

3640 SE 28th AvePortland, OR 97202
  • Utilities Included
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Cedar Flats
Studio to 2 Bedroom Apartments

Cedar Flats

3727-3779 SE 40th 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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Lynnwood Apartments
Studio to 2 Bedroom Apartments

Lynnwood Apartments

1634 SE Hawthorne BlvdPortland, OR 97214
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Warnell Apartments!
Studio to 1 Bedroom Apartments

Warnell Apartments!

1512 SE 16th AvePortland, 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
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Powell
Studio to 2 Bedroom Apartments

Powell

3605 SE 38th AvePortland, OR 97202

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.

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 $995. Enclave 54 has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Inner Southeast apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The TristanStudioStudio,1BA$995
Enclave 54Studio 1Studio,1BA$995
Wimbledon Square And GardensSpaldingStudio,1BA$1,083
Warnell Apartments!0BR/1.0BAStudio,1BA$1,095
The Margot2919 SE Division Street - 402Studio,1BA$1,250

Best Value Apartments for Rent in Inner Southeast, OR

As of October 27, 2025 the best value apartment in the Inner Southeast area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Inner Southeast apartment is the 3 Bedroom Model at Francis Park starting at $1,990 with a $1.66 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.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Francis Park3 Bedroom3BR,2BA$1.66
Garden Park Apartments2 Bedroom 1 Bath2BR,1BA$1.92
Ashley Court Apartments2 Bedroom / 1.0 Bath2BR,1BA$1.76
The Enclave2 Bedroom2BR,1BA$1.75
Waverleigh Apartments2 Bedroom Up2BR,1BA$2.22
Creston Villa2 Bedroom 1 Bath - Upgraded2BR,1BA$1.93
Brooklyn Yard - Stylish, Green Living!1x1 Premium 21BR,1BA$2.24
Moreland Place Apartments1x1RV1BR,1BA$2.33
Division Terrace1BR/1.0BA1BR,1BA$2.44

Apartment 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.

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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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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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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.

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Pet Friendly Lifestyle
Inner Southeast, Portland, OR

Ranked #70

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 the Cheapest Studio apartment in Inner Southeast?

Currently the most affordable Cheap Studio Apartment in Inner Southeast is at The Tristan listed at $995.

How much is rent for a Cheap One Bedroom Inner Southeast Apartment?

The lowest price for a Cheap One Bedroom Inner Southeast Apartment is $1,195 at Warnell Apartments!.

What is the lowest price for a Cheap Two Bedroom Inner Southeast Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Inner Southeast is starting from $1,399 at Moreland Place Apartments.

What is the most affordable Inner Southeast Three Bedroom Apartment?

The best deal on a cheap Inner Southeast Three Bedroom Apartment rental is at Francis Park and starts from $1,990.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.