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Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $900 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison South area of Portland.
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$1,4951 Bedroom Apartments Available Now
Rose City Center Apartments - 55 and Over
6819 NE Sandy BlvdPortland, OR 97213
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Rent Specials
$1,525 - $1,9252 to 3 Bedroom Apartments Available Now
Beverly Grove Apartments
1820 NE 104th AvePortland, OR 97220
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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 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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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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Showing Results 1-20, Page 1 of 1
Madison South, Portland, OR Local Guide
How much does it cost to rent an apartment in Madison South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison South Studio Apartments | $925 | $925 | $925 |
| Madison South 1 Bedroom Apartments | $1,428 | $1,295 | $1,495 |
| Madison South 2 Bedroom Apartments | $1,703 | $1,525 | $2,000 |
| Madison South 3 Bedroom Apartments | $1,890 | $1,800 | $1,925 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Madison South Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Madison South, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
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 Heights at Columbia Knoll Senior Apartments priced from $1,295. Rose City Center Apartments - 55 and Over has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here are the most affordable Madison South apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $1,295 |
| Rose City Center Apartments - 55 and Over | 315 | 1BR,1BA | $1,495 |
| The Binford | 1x1 | 1BR,1BA | $1,495 |
| Hancock East | 2BR/2.0BA | 2BR,2BA | $1,500 |
| Beverly Grove Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1,525 |
Best Value Apartments for Rent in Madison South, OR
As of July 30, 2025 the best value apartment in the Madison South area is the $1.50 price per square foot 3 Bedroom, 2 Bath Model at Terrace At Columbia Knoll Apartments in the in the Cully neighborhood starting from $1,720. The second greatest value Madison South apartment is the 2x1.5 Model at The Binford starting at $2,195 with a $2.11 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Madison South apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrace At Columbia Knoll Apartments | 3 Bedroom, 2 Bath | 3BR,2BA | $1.50 |
| The Binford | 2x1.5 | 2BR,1.5BA | $2.11 |
| Beverly Grove Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1.67 |
| Hancock East | 2BR/2.0BA | 2BR,2BA | $1.71 |
| Rose City Center Apartments - 55 and Over | 315 | 1BR,1BA | $2.21 |
| Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $1.93 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMadison South, Portland, OR
Ranked #131
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Madison South, Portland, OR
Leodis V. McDaniel High School
Portland School District 1j
Public School - Grades 9-12 (1440)
4 out of 10
School data provided by Great Schools
Getting Around the Madison South Neighborhood in Portland, OR
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
84 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
65 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Heights at Columbia Knoll Senior Apartments which is listed at $1,295, while the average apartment in Madison South costs $1,900.
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 2 regular apartments in Madison South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.
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.