Cheap 3 Bedroom Apartments for Rent in the Reed Neighborhood of Portland, OR from $1,950 (3 Rentals)
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Reed, Portland, OR Local Guide

How much does it cost to rent an apartment in Reed?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Reed Studio Apartments | $1,438 | $950 | $7,616 |
Reed 1 Bedroom Apartments | $1,879 | $620 | $7,395 |
Reed 2 Bedroom Apartments | $3,148 | $1,395 | $10,000+ |
Reed 3 Bedroom Apartments | $3,928 | $1,950 | $7,270 |
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Reed, Portland, OR Local Guide
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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.
Getting Around the Reed Neighborhood in Portland, OR
Walk Score®
70 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
91 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
49 / 100
Some Transit
A few 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 Reed Apartments
What is the Cheapest Studio apartment in Reed?
Currently the most affordable Cheap Studio Apartment in Reed is at The Garthwick listed at $2,895.
How much is rent for a Cheap One Bedroom Reed Apartment?
The lowest price for a Cheap One Bedroom Reed Apartment is $2,895 at The Garthwick.
What is the lowest price for a Cheap Two Bedroom Reed Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Reed is starting from $2,895 at The Garthwick.
What is the most affordable Reed Three Bedroom Apartment?
The best deal on a cheap Reed Three Bedroom Apartment rental is at The Garthwick and starts from $2,895.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
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Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.