
Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $900 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison South area of Portland.


Rose City Center Apartments - 55 and Over
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 | $1,634 | $1,395 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 21 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
- ZIP codes
- 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. Terrace At Columbia Knoll Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,425. 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 |
Terrace At Columbia Knoll Apartments | 2 Bedroom, 1.5 Bath | 2BR,1BA | $1,425 |
Rose City Center Apartments - 55 and Over | 315 | 1BR,1BA | $1,495 |
Beverly Grove Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1,495 |
The Binford | 1x1 | 1BR,1BA | $1,595 |
Best Value Apartments for Rent in Madison South, OR
As of September 15, 2025 the best value apartment in the Madison South area is the $1.63 price per square foot 2 BEDROOM 1 BATH 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 2 Bedroom, 1.5 Bath Model at Terrace At Columbia Knoll Apartments starting at $1,425 with a $1.63 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Beverly Grove Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1.63 |
Terrace At Columbia Knoll Apartments | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.63 |
The Binford | 1x1 | 1BR,1BA | $2.06 |
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
How much rent can you afford?
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.
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
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 $1,595.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.