Cheap Homes for Rent in Madison South Neighborhood of Portland, OR from $1,300 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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 $1,295. 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 ListingModel NameBed/BathPriced From
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1,295
Terrace At Columbia Knoll Apartments2 Bedroom, 1.5 Bath2BR,1BA$1,425
Rose City Center Apartments - 55 and Over3151BR,1BA$1,495

Best Value Apartments for Rent in Madison South, OR

As of September 13, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Beverly Grove Apartments2 BEDROOM 1 BATH2BR,1BA$1.63
Terrace At Columbia Knoll Apartments2 Bedroom, 1.5 Bath2BR,1.5BA$1.63
1613 NE 81st Ave, Unit 16131613 NE 81st Ave2BR,1BA$2.25
The Binford1x11BR,1BA$2.06
Rose City Center Apartments - 55 and Over3151BR,1BA$2.21
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Madison South, Portland, OR

Ranked #131

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison South ranging from $1,300 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 $1,300 to $3,500 with an average monthly rent of $2,165.

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 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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.