Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $900 (21 Rentals)

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Grotto Apartments
1 to 2 Bedroom Apartments

Grotto Apartments

8513-8531 NE Sandy BlvdPortland, OR 97220

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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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The Par Villa
1 to 2 Bedroom Apartments

The Par Villa

7102-7112 NE Tillamook StPortland, OR 97213
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JOHN JAMES
Studio to 2 Bedroom Apartments

JOHN JAMES

4125 NE 82nd AvePortland, OR 97220
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The Astoria
1 to 2 Bedroom Apartments

The Astoria

1913 NE 73rd AvePortland, OR 97213

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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The Binford
1 to 3 Bedroom Apartments

The Binford

1901 NE 70th AvePortland, OR 97213
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Hancock East
1 to 3 Bedroom Apartments

Hancock East

10325 NE Hancock StPortland, OR 97220
  • Utilities Included
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Montavilla 5-Plex
2 Bedroom Apartments

Montavilla 5-Plex

1532-1540 NE 72nd AvePortland, OR 97213
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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.

Madison South, Portland, OR Local Guide

Cheapest Available Madison South Apartments for Rent

 

The cheapest available apartment rental in the Madison South area of Portland, OR is a 1 Bed unit found at The Ellington Apartments priced from $1,099. Heights at Columbia Knoll Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,170. Here are the most affordable Madison South apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The Ellington Apartments1x1 U1BR,1BA$1,099
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1,170
Rose City Center Apartments - 55 and Over#2031BR,1BA$1,445
Beverly Grove Apartments2 BEDROOM 1 BATH2BR,1BA$1,495
Terrace At Columbia Knoll Apartments2 Bedroom, 1.5 Bath2BR,1BA$1,500

Best Value Apartments for Rent in Madison South, OR

As of March 06, 2026 the best value apartment in the Madison South area is the $1.86 price per square foot 3 BEDROOM 1 BATH Model at Beverly Grove Apartments in the in the East Portland neighborhood starting from $1,995. The second greatest value Madison South apartment is the 2 Bedroom, 1.5 Bath Model at Terrace At Columbia Knoll Apartments starting at $1,500 with a $1.71 price per square foot in the Cully neighborhood. Here is today’s list of the best values for Madison South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Beverly Grove Apartments3 BEDROOM 1 BATH3BR,1BA$1.86
Terrace At Columbia Knoll Apartments2 Bedroom, 1.5 Bath2BR,1.5BA$1.71
Hancock East2BR/2.0BA2BR,2BA$1.77
The Binford1x11BR,1BA$1.99
1409 NE 71st Ave, Unit A1409 NE 71st Ave2BR,1BA$2.41
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1.74
The Ellington Apartments1x1 D1BR,1BA$2.19
Rose City Center Apartments - 55 and Over#2031BR,1BA$2.51

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

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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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Frequently Asked Questions about Cheap Madison South Apartments

What is the price of a cheap apartment in Madison South?

The cheapest apartment in Madison South is The Ellington Apartments which is listed at $1,099, while the average apartment in Madison South costs $1,816.

What types of apartments are the cheapest in Madison South?

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 Madison South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Madison South?

Cheap apartments in Madison South have an average cost of $727 which is $1,089 cheaper than the average rent for all rentals in Madison South.

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.

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.