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$945 - $995Studio Apartments Available Now
Studio Pointe Apartments
5605 SE Milwaukie AvePortland, OR 97202
Cheap Apartments for Rent in the Reed Neighborhood of Portland, OR from $500 (77 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reed area of Portland.
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$995 - $1,475Studio to 1 Bedroom Apartments Available Now
The Tristan
1415 SE Pardee StPortland, OR 97202
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$1,000Studio Apartments Contact Us For Availability
MF 11 - Cedarhurst Village Apartments
1620 SE 39th AvePortland, OR 97214
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$1,025 - $1,735Studio to 1 Bedroom Apartments Available Mar 6
Tabor Commons
1020 SE 60th AvePortland, OR 97215
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$1,087 - $1,944Studio to 2 Bedroom Apartments Available Now
Wimbledon Square And Gardens
2837-2847 SE Colt DrPortland, OR 97202
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$1,1021 Bedroom Apartments Available Now
Gray's Landing
0650 S Lowell StPortland, OR 97239
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$1,120 - $2,970Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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$1,129 - $2,300Studio to 3 Bedroom Apartments Available Now
Brookland Apartments
4225 SE Milwaukie AvePortland, OR 97202
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$1,140 - $1,2901 Bedroom Apartments Available Now
Brooklyn Flats
3014 SE 8th AvePortland, OR 97202
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$1,150 - $1,505Studio to 2 Bedroom Apartments Contact Us For Availability
Hazel Ying Lee Apartments
3000 SE Powell BlvdPortland, OR 97202
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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$1,175 - $1,225Studio to 1 Bedroom Apartments Available Now
Sellwood Apartments
1721 SE Tacoma StPortland, OR 97202
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Rent Specials
$1,205 - $1,531
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,180 - $1,506
Required Monthly Fees
$25
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$1,205 - $1,531
Division Street Lofts
4725 SE Division StPortland, OR 97206
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$1,235 - $1,900
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,210 - $1,875
Required Monthly Fees
$25
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$1,235 - $1,900
Tabor View Lofts
2655 SE 50th AvePortland, OR 97206
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$1,244 - $1,343
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,244 - $1,343
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$1,244 - $1,343
The Morgan
1650 SE Tacoma StPortland, OR 97202
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$1,250Studio Apartments Contact Us For Availability
Nehalem 13
1280 Nehalem StPortland, OR 97202
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$1,2501 Bedroom Apartments Available Now
Kern Lofts
6105 SE Cora StPortland, OR 97206
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$1,275 - $3,860Studio to 3 Bedroom Apartments Available Now
Goat Blocks
975 SE 11th AvePortland, OR 97214
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Rent Specials
$1,282 - $7,872
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,282 - $7,872
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$1,282 - $7,872
Ella
3833 SW Bond AvePortland, OR 97239
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$1,295 - $3,042
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $3,042
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$1,295 - $3,042
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
1422 SE 29th Ave
PortlandOR97214
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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$1,295 - $3,253
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $3,253
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$1,295 - $3,253
The Dylan
3883 S Moody AvePortland, OR 97239
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$1,299 - $1,599Studio to 1 Bedroom Apartments Available Now
The Emery
3155 S Moody AvePortland, OR 97239
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$1,299 - $1,725Studio to 1 Bedroom Apartments Available Now
Novus
4981 SE Woodstock BlvdPortland, OR 97206
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1 to 2 Bedroom Apartments
Esperanza Court
3611 SE 28th AvePortland, OR 97202
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1 to 4 Bedroom Apartments
Z_Kateri Park
3640 SE 28th AvePortland, OR 97202
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Studio to 2 Bedroom Apartments
Z_Caritas Sacred Heart Villa
3911-3925 SE Milwaukie AvePortland, OR 97202
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Studio to 2 Bedroom Apartments
Cedar Flats
3727-3779 SE 40th AvePortland, OR 97202
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Studio to 1 Bedroom Apartments
Yamhill at Sixth
630 SE Yamhill StPortland, OR 97214
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1 Bedroom Apartments
Brentwood Apartments
1521-1527 SE 21st AvePortland, OR 97214
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1 to 2 Bedroom Apartments
Royal Gardens Apartments
2831-2837 SE Steele StPortland, OR 97202
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.
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Studio Apartments
Cardy on Woodstock
5111 SE Woodstock BlvdPortland, OR 97206
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Studio Apartments
Enclave 54
5434 SE Milwaukie AvePortland, OR 97202
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Studio to 2 Bedroom Apartments
Lynnwood Apartments
1634 SE Hawthorne BlvdPortland, OR 97214
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Studio to 1 Bedroom Apartments
Division Terrace
2880 SE Division StPortland, OR 97202
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Studio to 3 Bedroom Apartments
Tabor West Apartments
6400-6476 SE Division StPortland, OR 97206
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Studio to 3 Bedroom Apartments
Dean River
3255 SE 17th AvePortland, OR 97202
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2 Bedroom Apartments
5902-5920 SE Milwaukie Ave
5902-5920 SE Milwaukie AvePortland, OR 97202
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Studio to 2 Bedroom Apartments
The Lenox
5151 SE Holgate BlvdPortland, OR 97206
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Studio to 2 Bedroom Apartments
Shamrock
3430 SE 58th AvePortland, OR 97206
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1 to 2 Bedroom Apartments
Tenino Terrace
2405 SE Umatilla StPortland, OR 97202
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.
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1 Bedroom Apartments
1627 SE Reedway St
1627 SE Reedway StPortland, OR 97202
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Studio to 2 Bedroom Apartments
Yukon Flats
5965 SE Milwaukie AvePortland, OR 97202
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Studio to 2 Bedroom Apartments
Spruce
1100 SE Sherman StPortland, OR 97214
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1 Bedroom Apartments
Francis Street Apartments
3933 SE Francis StPortland, OR 97202
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Studio to 2 Bedroom Apartments
MacAdam Apartments
5885 SW Macadam AvePortland, OR 97239
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Studio to 2 Bedroom Apartments
Oliver Apartments
4330 SE Division StPortland, OR 97206
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Studio to 1 Bedroom Apartments
The Sellina
1717 SE Tenino StPortland, OR 97202
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Studio to 1 Bedroom Apartments
Roseland Apartments
5811 SE Boise StPortland, OR 97206
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1 to 2 Bedroom Apartments
Cherry Hill Apartments
5802-5812 SE Milwaukie AvePortland, OR 97202
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Studio to 1 Bedroom Apartments
Wheelhouse Lofts 2
8124 SE 6th AvePortland, OR 97202
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
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Reed?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Reed Studio Apartments | $1,346 | $945 | $1,900 |
| Reed 1 Bedroom Apartments | $1,808 | $1,102 | $3,220 |
| Reed 2 Bedroom Apartments | $2,650 | $1,395 | $7,005 |
| Reed 3 Bedroom Apartments | $3,856 | $1,760 | $8,048 |
| Reed 4 Bedroom Apartments | $8,502 | $5,500 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 77 rentals with your search options within a 2 mile radius of the Reed Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Reed, Portland, OR Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Reed Apartments for Rent
The cheapest available apartment rental in the Reed area of Portland, OR is a Studio unit found at Studio Pointe Apartments priced from $945. The Tristan has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Reed apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Studio Pointe Apartments | Studio 1 | Studio,1BA | $945 |
| The Tristan | Studio | Studio,1BA | $995 |
| Division Terrace | 0BR/1.0BA | Studio,1BA | $1,049 |
| Wimbledon Square And Gardens | Spalding | Studio,1BA | $1,087 |
| The Lenox | Studio E | Studio,1BA | $1,099 |
| Gray's Landing | 1 bedroom | 1BR,1BA | $1,102 |
| The Matisse | 01F1 | Studio,1BA | $1,120 |
| Brookland Apartments | Studio, 1 Bathroom | Studio,1BA | $1,129 |
| Brooklyn Flats | 1 bed / 1 bath | 1BR,1BA | $1,140 |
| Sellwood Apartments | 1x1 389 | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Reed, OR
As of March 05, 2026 the best value apartment in the Reed area is the $1.66 price per square foot 3 Bedroom Model at Francis Park in the in the Southeast Portland neighborhood starting from $1,990. The second greatest value Reed apartment is the 3 Bed 1 Bath Model at Knight Apartments starting at $1,819 with a $1.65 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Reed apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Francis Park | 3 Bedroom | 3BR,2BA | $1.66 |
| Knight Apartments | 3 Bed 1 Bath | 3BR,1BA | $1.65 |
| Garden Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.72 |
| Ravenbourne Apartments | 2x1 | 2BR,1BA | $1.59 |
| The Enclave | 3 Bedroom | 3BR,1BA | $1.97 |
| Shady Glen Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.76 |
| The Matisse | 11S1 | 1BR,1BA | $1.91 |
| Villa 34 Apartments | 1x1 | 1BR,1BA | $1.87 |
| Gray's Landing | 1 bedroom | 1BR,1BA | $1.58 |
| Creston Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1.91 |
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 ArticleCash 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.
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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Best Local Schools in Reed, Portland, OR
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Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you Lifestyle Ratings of rentals in areas across the United States, including Portland. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Reed Apartments
What is a cheap apartment in Reed?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Reed is under $1,175.
What is the price of a cheap apartment in Reed?
The cheapest apartment in Reed is Gray's Landing which is listed at $1,102, while the average apartment in Reed costs $8,165.
What types of apartments are the cheapest in Reed?
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 30 regular apartments in Reed that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Reed?
Cheap apartments in Reed have an average cost of $353 which is $7,812 cheaper than the average rent for all rentals in Reed.
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.
From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.