
Cheap Apartments for Rent in the Reed Neighborhood of Portland, OR from $310 (207 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in the Reed area of Portland.


Total Monthly Price
The Olivia

4737 SE 28th Ave

912-912 SE Tacoma St

The Morgan

3717 SE 35th Pl

1735 SE 35th Ave

6217-6219-6219 SE Woodstock Blvd

4624 SE 29th Ave

4117-4123-4123 SE Long St, Unit 4123
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Rothko Residences

The Stock

2005-2007-2007 SE Salmon St

Total Monthly Price
1215 SE Lexington St, Unit Sellwood Library House

Total Monthly Price
The Ardea Apartments

Total Monthly Price
4525 SE 30th Ave, Unit 4525 Unit

Total Monthly Price
Willamette Tower

Total Monthly Price
SE 11th & Tenino Apartments

1009 SE 31st 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.

2609 SE 25th Ave

3601 S River Pkwy, Unit 1302

6106 SE Boise St

3951 SE Holgate Blvd

2117 SE Hawthorne Blvd

2522 SE 29th Ave

2536 SE 29th Ave

1646-1648-1648 SE Tenino St

1726 SE 21st Ave, Unit B

Total Monthly Price
2805 SE 23rd Ave, Unit 2805 SE 23rd Ave
Cash 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.

Z_Howard House

Z_Kateri Park

Z_Esperanza Court

Z_Caritas Sacred Heart Villa

Cedar Flats

Yamhill at Sixth

Brentwood Apartments

Royal Gardens Apartments

Cardy on Woodstock

Enclave 54
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.

Lynnwood Apartments

Tabor West Apartments

Brooklyn Flats

Tenino Terrace

1627 SE Reedway St

Dean River Apartments

Spruce

Francis Street Apartments

Yukon Flats

The Sellina
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.
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 | $1,361 | $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 |
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.
See all Apartments in PortlandExplore Portland
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
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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.
