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$1,195Studio Apartments Available Now
Rose City Center Apartments - 55 and Over
6819 NE Sandy BlvdPortland, OR 97213
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.
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$1,550 - $1,9002 to 3 Bedroom Apartments Available Now
Beverly Grove Apartments
1820 NE 104th AvePortland, OR 97220
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$1,8502 Bedroom Apartment Available Now
3433 NE Cadet Ave, Unit Upper
3433 NE Cadet AvePortland, OR 97220
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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.
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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Showing Results 1-22, 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 | $1,138 | $925 | $1,295 |
| Madison South 1 Bedroom Apartments | $1,185 | $1,075 | $1,295 |
| Madison South 2 Bedroom Apartments | $1,548 | $1,295 | $1,850 |
| Madison South 3 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
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.
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 $1,075. Rose City Center Apartments - 55 and Over has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. 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 |
| Rose City Center Apartments - 55 and Over | #406 | Studio,1BA | $1,195 |
| Terrace At Columbia Knoll Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $1,260 |
| Hancock East | 2BR/2.0BA | 2BR,2BA | $1,400 |
| The Binford | 1x1 | 1BR,1BA | $1,545 |
Best Value Apartments for Rent in Madison South, OR
As of December 15, 2025 the best value apartment in the Madison South area is the $1.69 price per square foot 2 BEDROOM 1 BATH Model at Beverly Grove Apartments in the in the East Portland neighborhood starting from $1,550. The second greatest value Madison South apartment is the 2BR/2.0BA Model at Hancock East starting at $1,400 with a $1.60 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. |
|---|---|---|---|
| Beverly Grove Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1.69 |
| Hancock East | 2BR/2.0BA | 2BR,2BA | $1.60 |
| The Binford | 1x1 | 1BR,1BA | $1.99 |
| Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $1.60 |
| Terrace At Columbia Knoll Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $2.11 |
| Rose City Center Apartments - 55 and Over | #406 | Studio ,1BA | $2.37 |
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 ArticleThe 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.
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
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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.
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If you’re an expert on all things Madison South, tell us what you love (and don't) by rating it and writing a review.
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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
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 a cheap apartment in Madison South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison South is under $1,550.
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
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.
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.
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.
Articles, How-To's, and Tips
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.