Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $900 (22 Rentals)

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

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Grotto Apartments
1 to 2 Bedroom Apartments

Grotto Apartments

8513-8531 NE Sandy BlvdPortland, OR 97220
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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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The Astoria
1 to 2 Bedroom Apartments

The Astoria

1913 NE 73rd AvePortland, OR 97213
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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
  • Utilities Included

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 Heights at Columbia Knoll Senior Apartments priced from $1,075. Hancock East has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here are the most affordable Madison South apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1,075
Hancock East2BR/2.0BA2BR,2BA$1,400
Rose City Center Apartments - 55 and Over#3081BR,1BA$1,445
Terrace At Columbia Knoll Apartments2 Bedroom, 1.5 Bath2BR,1BA$1,500
The Binford1x11BR,1BA$1,545

Best Value Apartments for Rent in Madison South, OR

As of November 10, 2025 the best value apartment in the Madison South area is the $1.48 price per square foot 3433 NE Cadet Ave Model at 3433 NE Cadet Ave, Unit Upper in the in the East Portland neighborhood starting from $1,850. The second greatest value Madison South apartment is the 2 BEDROOM 1 BATH Model at Beverly Grove Apartments starting at $1,550 with a $1.69 price per square foot in the East Portland 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.
3433 NE Cadet Ave, Unit Upper3433 NE Cadet Ave2BR,1BA$1.48
Beverly Grove Apartments2 BEDROOM 1 BATH2BR,1BA$1.69
Terrace At Columbia Knoll Apartments2 Bedroom, 1.5 Bath2BR,1.5BA$1.71
Hancock East2BR/2.0BA2BR,2BA$1.60
1613 NE 81st Ave, Unit 16131613 NE 81st Ave2BR,1BA$2.25
The Binford1x11BR,1BA$1.99
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1.60
Rose City Center Apartments - 55 and Over#3081BR,1BA$2.51

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Pet Friendly Lifestyle
Madison South, Portland, OR

Ranked #153

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

Frequently Asked Questions about Cheap Madison South Apartments

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.