
Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $900 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison South area of Portland.


Beverly Grove Apartments

3433 NE Cadet Ave, Unit Upper
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 | $1,098 | $925 | $1,345 |
| Madison South 1 Bedroom Apartments | $1,315 | $1,075 | $1,445 |
| Madison South 2 Bedroom Apartments | $1,645 | $1,295 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 22 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $1,075 |
| Hancock East | 2BR/2.0BA | 2BR,2BA | $1,400 |
| Rose City Center Apartments - 55 and Over | #308 | 1BR,1BA | $1,445 |
| Terrace At Columbia Knoll Apartments | 2 Bedroom, 1.5 Bath | 2BR,1BA | $1,500 |
| The Binford | 1x1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3433 NE Cadet Ave, Unit Upper | 3433 NE Cadet Ave | 2BR,1BA | $1.48 |
| Beverly Grove Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1.69 |
| Terrace At Columbia Knoll Apartments | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.71 |
| Hancock East | 2BR/2.0BA | 2BR,2BA | $1.60 |
| 1613 NE 81st Ave, Unit 1613 | 1613 NE 81st Ave | 2BR,1BA | $2.25 |
| The Binford | 1x1 | 1BR,1BA | $1.99 |
| Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $1.60 |
| Rose City Center Apartments - 55 and Over | #308 | 1BR,1BA | $2.51 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMadison South, Portland, OR
Ranked #153
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Madison South, Portland, OR
Leodis V. McDaniel High School
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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.


















