Cheap Apartments for Rent in the Inner Southeast Neighborhood of Portland, OR from $500 (17 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Z_Esperanza Court
1 to 2 Bedroom Apartments

Z_Esperanza Court

3611 SE 28th 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.

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Z_Kateri Park
2 to 3 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
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Enclave 54
Studio Apartments

Enclave 54

5434 SE Milwaukie AvePortland, OR 97202
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Wimbledon Gardens
Studio Apartments

Wimbledon Gardens

4841-5015 SE 30th AvePortland, OR 97202

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 Hazel Ying Lee Apartments priced from $950. Enclave 54 has the second lowest priced unit, which is a Studio apartment currently listed from $985. Here are the most affordable Inner Southeast apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Enclave 54Studio 2Studio,1BA$985
Brookland ApartmentsStudio, 1 BathroomStudio,1BA$1,149
Dean RiverStudioStudio,1BA$1,199
Division Terrace0BR/1.0BAStudio,1BA$1,225

Best Value Apartments for Rent in Inner Southeast, OR

As of June 19, 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 1 Bedroom - 858 sq. ft. Model at Hawthorne 44 starting at $1,850 with a $2.16 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
Hawthorne 441 Bedroom - 858 sq. ft.1BR,1BA$2.16
Steele ApartmentsTwo Bedroom2BR,1BA$2.12
Waverleigh Apartments2 Bedroom Up2BR,1BA$2.27
Moreland Place Apartments2x12BR,1BA$1.90
Insley Apartments2x12BR,1BA$2.30
Sunshine PortlandOne Bedroom B1BR,1BA$2.63
Hawthorne Twenty-SixBurnsideStudio ,1BA$2.66
Brooklyn Yard - Stylish, Green Living!1x1 Standard1BR,1BA$2.61
Hazel Ying Lee ApartmentsStudioStudio ,1BA$2.22

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Pet Friendly Lifestyle
Inner Southeast, Portland, OR

Ranked #73

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
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 Hazel Ying Lee Apartments listed at $950.

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

The lowest price for a Cheap One Bedroom Inner Southeast Apartment is $1,293 at Wimbledon Square And Gardens.

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 The Frankie and starts from $3,893.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.