
Cheap Homes for Rent in Madison South Neighborhood of Portland, OR from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Madison South area of Portland.


1526 NE 68th Ave
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.

2208-2208 NE 80th Ave

3548-3548 NE 102nd Ave

3548-3548 NE 102nd Ave
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.
Madison South, Portland, OR Local Guide

How much does it cost to rent a home in Madison South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison South 2 Bedroom Homes for Rent | $2,298 | $1,295 | $3,500 |
| Madison South 3 Bedroom Homes for Rent | $2,497 | $2,495 | $2,500 |
| Madison South 4 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
| Madison South 5 Bedroom Homes for Rent | $3,455 | $3,455 | $3,455 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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. Terrace At Columbia Knoll Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,260. 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 |
| Terrace At Columbia Knoll Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $1,260 |
| Hancock East | 2BR/2.0BA | 2BR,2BA | $1,400 |
Best Value Apartments for Rent in Madison South, OR
As of November 15, 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 |
| 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 |
| Terrace At Columbia Knoll Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $2.11 |
| Rose City Center Apartments - 55 and Over | #308 | 1BR,1BA | $2.51 |
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!
Read ArticleDon'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
Read ArticleQuick 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 #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
Frequently Asked Questions about Madison South
What type of rentals are currently available in Madison South?
There are currently 76 Apartments for Rent in Madison South, OR with pricing that ranges from $925 to $1,950. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison South ranging from $1,295 to $3,500.
What is the current price range for Rental Homes in Madison South?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison South ranges from $1,295 to $3,500 with an average monthly rent of $2,409.
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.
