5515 SE 18th Ave
PortlandOR97202
Cheap Apartments for Rent in the Reed Neighborhood of Portland, OR from $310 (207 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reed area of Portland.
1936 SE Insley St
PortlandOR97202
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$900
Total Monthly Price
Base Rent$900
Total Monthly Price$900
3102 SE Salmon St, Unit 2
3102 SE Salmon StPortland, OR 97214
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$925Studio Apartments Available Now
7006 SE 66th Ave, Unit 3 Basement
7006 SE 66th AvePortland, OR 97206
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$950 - $1,531Studio to 2 Bedroom Apartments Available Now
Hazel Ying Lee Apartments
3000 SE Powell BlvdPortland, OR 97202
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$995 - $1,118
Total Monthly Price
Base Rent$995 - $1,118
Total Monthly Price$995 - $1,118
Studio Pointe Apartments
5605 SE Milwaukie AvePortland, OR 97202
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$1,140 - $2,639Studio to 3 Bedroom Apartments Available Now
Sunshine Portland
3650 SE 29th AvePortland, OR 97202
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$1,149 - $1,819Studio to 2 Bedroom Apartments Available Now
Wimbledon Square And Gardens
2837-2847 SE Colt DrPortland, OR 97202
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$1,1501 Bedroom Apartments Available Now
7006 SE 66th Ave, Unit 1
7006 SE 66th AvePortland, OR 97206
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$1,195Studio Apartments Contact Us For Availability
54 Woodstock
5419 SE Woodstock BlvdPortland, OR 97206
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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$1,195
Total Monthly Price
Base Rent$1,195
Total Monthly Price$1,195
3334 55th SE Ave, Unit 3334
3334 55th SE AvePortland, OR 97206
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Rent Specials
$1,199 - $3,304Studio to 3 Bedroom Apartments Available Now
Brookland
4225 SE Milwaukie AvePortland, OR 97202
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$1,225 - $1,575Studio to 2 Bedroom Apartments Available Now
Sellwood Apartments
1721 SE Tacoma StPortland, OR 97202
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$1,246 - $1,562Studio to 2 Bedroom Apartments Available Now
Gray's Landing
0650 S Lowell StPortland, OR 97239
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$1,250Studio Apartments Contact Us For Availability
Nehalem 13
1280 Nehalem StPortland, OR 97202
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$1,250 - $2,195Studio to 3 Bedroom Apartments Available Now
The Woodstock!
6006 SE 53rd AvePortland, OR 97206
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$1,257 - $2,171Studio to 2 Bedroom Apartments Available Now
Meetinghouse
1630 SE Rural StPortland, OR 97202
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$1,259 - $2,499
Total Monthly Price
Base Rent$1,259 - $2,499
Total Monthly Price$1,259 - $2,499
Novus
4981 SE Woodstock BlvdPortland, OR 97206
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$1,2601 Bedroom Apartments Contact Us For Availability
MF 11 - Cedarhurst Village Apartments
1620 SE 39th AvePortland, OR 97214
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Rent Specials
$1,280 - $3,080Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,295 - $1,6651 to 2 Bedroom Apartments Available Now
Powell Gardens Apartments
3410-3532 SE 33rd AvePortland, OR 97202
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$1,295 - $3,653
Total Monthly Price
Base Rent$1,295 - $3,653
Total Monthly PriceVaries
The Dylan
3883 S Moody AvePortland, OR 97239
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$1,295
Total Monthly Price
Base Rent$1,295
Total Monthly Price$1,295
5124 SE Foster Rd, Unit 5124
5124 SE Foster RdPortland, OR 97206
3705 SE 35th Pl
PortlandOR97202
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$1,299 - $1,849Studio to 1 Bedroom Apartments Available Now
BD52
6615 SE 52nd AvePortland, OR 97206
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$1,299 - $3,760
Total Monthly Price
Base Rent$1,299 - $3,760
Total Monthly Price$1,299 - $3,760
Goat Blocks
975 SE 11th AvePortland, OR 97214
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$1,300Studio Apartments Available Oct 8
Tabor Commons
1020 SE 60th AvePortland, OR 97215
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$1,3501 Bedroom Apartment Available Now
5636 SE Ogden St, Unit B
5636 SE Ogden StPortland, OR 97206
7959 SE 64th Ave
PortlandOR97206
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$1,360
Total Monthly Price
Base Rent$1,360
Total Monthly Price$1,360
3336 SE 55th Ave, Unit 3334
3336 SE 55th AvePortland, OR 97206
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
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$1,3951 Bedroom Apartments Available Now
2919 SE Division St, Unit 302
2919 SE Division StPortland, OR 97202
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$1,395 - $1,5251 Bedroom Apartments Available Now
The Hawthorne
4707 SE Hawthorne BlvdPortland, OR 97215
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$1,395 - $1,6951 to 2 Bedroom Apartments Available Now
Moreland Place Apartments
3612 SE 28th PlPortland, OR 97202
3324 SE 11th Ave
PortlandOR97202
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$1,399 - $10,000
Total Monthly Price
Base Rent$1,399 - $10,000
Total Monthly PriceVaries
Ella
3833 SW Bond AvePortland, OR 97239
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$1,400
Total Monthly Price
Base Rent$1,400
Total Monthly Price$1,400
2910 SE Gladstone St, Unit 2
2910 SE Gladstone StPortland, OR 97202
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$1,4251 Bedroom Apartments Available Now
4232-4232 SE Cesar Estrada Chavez Blvd, Unit 4224
4232-4232 SE Cesar Estrada Chavez BlvdPortland, OR 97202
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$1,444 - $2,414
Total Monthly Price
Base Rent$1,444 - $2,414
Total Monthly PriceVaries
Sanctuary
4940 S Landing DrPortland, OR 97239
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$1,450 - $2,550Studio to 2 Bedroom Apartments Available Now
Holm at Sellwood
8220 SE 6th AvePortland, OR 97202
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$1,450 - $2,000
Total Monthly Price
Base Rent$1,450 - $2,000
Total Monthly Price$1,450 - $2,000
The Enclave
3636 SE Mall StPortland, OR 97202
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
5900-5938-5938 SE Division St
PortlandOR97206
3965 SE Gladstone St
PortlandOR97202
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$1,495
Total Monthly Price
Base Rent$1,495
Total Monthly Price$1,495
5442 -5448 SE Franklin St, Unit 5448
5442 -5448 SE Franklin StPortland, OR 97206
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$1,4951 Bedroom Apartments Contact Us For Availability
Kern Lofts
6105 SE Cora StPortland, OR 97206
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$1,514 - $3,962Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
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$1,550 - $1,5601 Bedroom Apartments Available Sep 9
Galaxie at Sellwood
7400 SE Milwaukie AvePortland, OR 97202
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Rent Specials
$1,571 - $3,6871 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
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Rent Specials
$1,594 - $4,035
Total Monthly Price
Base Rent$1,594 - $4,035
Total Monthly Price$1,594 - $4,035
The Frankie
3260 SE Milwaukie AvePortland, OR 97202
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$1,6001 Bedroom Apartments Available Now
3628-3634 SE Milwaukie Ave, Unit 3632
3628-3634 SE Milwaukie AvePortland, OR 97202
3601 S River Pky, Unit 1316
3601 S River Pky
PortlandOR97239
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Showing Results 1-50, Page 1 of 5
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 | $1,361 | $900 | $2,213 |
| Reed 1 Bedroom Apartments | $1,829 | $1,150 | $3,433 |
| Reed 2 Bedroom Apartments | $2,744 | $1,350 | $8,253 |
| Reed 3 Bedroom Apartments | $2,926 | $1,950 | $6,754 |
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 207 rentals with your search options within a 2 mile radius of the Reed Neighborhood of Portland, OR.
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Reed, Portland, OR Local Guide
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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 Hazel Ying Lee Apartments priced from $950. Studio Pointe Apartments 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 |
|---|---|---|---|
| Hazel Ying Lee Apartments | Studio | Studio,1BA | $950 |
| Studio Pointe Apartments | Studio 1 | Studio,1BA | $995 |
| Wimbledon Square And Gardens | Windermere | Studio,1BA | $1,137 |
| Dean River Apartments | 0BR/1.0BA | Studio,1BA | $1,149 |
| Brookland | Studio, 1 Bathroom | Studio,1BA | $1,199 |
| Sellwood Apartments | Alcove Studio 515 | Studio,1BA | $1,225 |
| Anthology on Division | Studio - H | Studio,1BA | $1,245 |
| The Woodstock! | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Reed, OR
As of September 04, 2026 the best value apartment in the Reed area is the $1.75 price per square foot 2411 SE Main St Model at 2411 SE Main St, Unit Spacious 3-Bedroom Home in the in the Southeast Portland neighborhood starting from $3,150. The second greatest value Reed apartment is the 5625 SE Powell Blvd Model at 5625 SE Powell Blvd, Unit 5625 starting at $2,400 with a $1.41 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. |
|---|---|---|---|
| 2411 SE Main St, Unit Spacious 3-Bedroom Home | 2411 SE Main St | 3BR,2.5BA | $1.75 |
| 5625 SE Powell Blvd, Unit 5625 | 5625 SE Powell Blvd | 2BR,2BA | $1.41 |
| Z_Caritas Sacred Heart Villa | Studio | Studio ,1BA | $0.96 |
| Crown Point Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.27 |
| Garden Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.94 |
| The Tristan | 2 Bedroom 2 Bath - 83912 | 2BR,2BA | $1.97 |
| 3334 55th SE Ave, Unit 3334 | 3334 55th SE Ave | 1BR,1BA | $1.59 |
| 3336 SE 55th Ave, Unit 3334 | 3336 SE 55th Ave | 1BR,1BA | $1.81 |
| Gray's Landing | One-Bedroom | 1BR,1BA | $1.88 |
| Tristin Square Apartments | 1 Bedroom, 1 Bath lg | 1BR,1BA | $1.99 |
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 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 $1,250.
What is the price of a cheap apartment in Reed?
The cheapest apartment in Reed is Powell Gardens Apartments which is listed at $1,295, while the average apartment in Reed costs $1,799.
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 31 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 $382 which is $1,417 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
From Arts to Eats: A Local Insider's 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.
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.
Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
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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.
A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
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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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.