8912 NE Russell St
PortlandOR97220
Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $925 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison South area of Portland.
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Rent Specials
$997 - $1,2161 to 2 Bedroom Apartments Available Now
Broadway Vantage Apartments
8340 NE Broadway StPortland, OR 97220
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$1,1992 Bedroom Apartments Available Sep 17
The Ellington Apartments
1610 NE 66th AvePortland, OR 97213
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Rent Specials
$1,295 - $1,5501 to 2 Bedroom Apartments Available Now
Heights at Columbia Knoll Senior Apartments
8320 NE Sandy BlvdPortland, OR 97220
8122 NE Failing St
PortlandOR97213
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$1,300
Total Monthly Price
Base Rent$1,300
Total Monthly Price$1,300
8933 NE Thompson St, Unit Garden studio
8933 NE Thompson StPortland, OR 97220
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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$1,345 - $1,395
Total Monthly Price
Base Rent$1,345 - $1,395
Total Monthly Price$1,345 - $1,395
Rose City Center Apartments - 55 and Over
6819 NE Sandy BlvdPortland, OR 97213
3204 NE 81st Ave
PortlandOR97213
2203-2215-2215 NE 81st Ave
PortlandOR97213
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Rent Specials
$1,495 - $1,6502 Bedroom Apartments Available Now
Beverly Grove Apartments
1820 NE 104th AvePortland, OR 97220
3126 NE 102nd Ave
PortlandOR97220
4351-4351 NE 82nd Ave
PortlandOR97220
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Studio to 2 Bedroom Apartments
John James Apartments
4125 NE 82nd AvePortland, OR 97220
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1 to 2 Bedroom Apartments
The Squire
10315-10339 NE Fremont StPortland, OR 97220
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1 to 2 Bedroom Apartments
72nd Street Apartments
1638-1646 NE 72nd AvePortland, OR 97213
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1 to 3 Bedroom Apartments
Terrace At Columbia Knoll Apartments
8212 NE Sandy BlvdPortland, OR 97220
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1 to 3 Bedroom Apartments
Fairmont Villa Apartments
10445-10465 NE Weidler StPortland, OR 97220
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1 to 2 Bedroom Apartments
The Astoria
1913 NE 73rd AvePortland, OR 97213
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
1336 NE 68th Ave
PortlandOR97213
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1 to 3 Bedroom Apartments
Hancock East
10325 NE Hancock StPortland, OR 97220
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1 to 3 Bedroom Apartments
The Binford
1901 NE 70th AvePortland, OR 97213
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1 to 3 Bedroom Apartments
Sierra Terrace
10231 NE Tillamook StPortland, OR 97220
6933 NE Clackamas St
PortlandOR97213
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2 to 3 Bedroom Apartments
FirCrest Manor Apartments
6822 NE Multnomah StPortland, OR 97213
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
1810 NE 90th Ave
PortlandOR97220
9111 NE Tillamook St
PortlandOR97220
Showing Results 1-26, 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 | $1,300 | $1,300 | $1,300 |
| Madison South 1 Bedroom Apartments | $1,285 | $997 | $1,395 |
| Madison South 2 Bedroom Apartments | $1,457 | $1,199 | $2,000 |
| Madison South 3 Bedroom Apartments | $2,600 | $2,600 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Madison South Neighborhood of Portland, OR.
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Madison South, Portland, OR Local Guide
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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 Broadway Vantage Apartments priced from $997. Heights at Columbia Knoll Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable Madison South apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Broadway Vantage Apartments | 1Bedroom 1Bath | 1BR,1BA | $997 |
| Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $1,295 |
| Rose City Center Apartments - 55 and Over | #407 | 1BR,1BA | $1,345 |
| Beverly Grove Apartments | 2BR/1.0BA | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in Madison South, OR
As of September 06, 2026 the best value apartment in the Madison South area is the $1.63 price per square foot 2BR/1.0BA Model at Beverly Grove Apartments in the in the East Portland neighborhood starting from $1,495. The second greatest value Madison South apartment is the 1Bedroom 1Bath Model at Broadway Vantage Apartments starting at $997 with a $1.63 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. |
|---|---|---|---|
| Beverly Grove Apartments | 2BR/1.0BA | 2BR,1BA | $1.63 |
| Broadway Vantage Apartments | 1Bedroom 1Bath | 1BR,1BA | $1.63 |
| Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $2.24 |
| Rose City Center Apartments - 55 and Over | #203 | 1BR,1BA | $2.43 |
| 8933 NE Thompson St, Unit Garden studio | 8933 NE Thompson St | Studio ,1BA | $4.33 |
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.
Read ArticleA 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
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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Best Local Schools in Madison South, Portland, OR
Leodis V. McDaniel High School
Portland School District 1j
Public School - Grades 9-12 (1681)
4 out of 10
School data provided by Great Schools
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 Broadway Vantage Apartments which is listed at $997, while the average apartment in Madison South costs $1,395.
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
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
From Arts to Eats: A Local Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.