Cheap Apartments for Rent in the Reed Neighborhood of Portland, OR from $310 (207 Rentals) Page 2 of 5

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Search the lowest-cost Apartments available for rent right now in the Reed area of Portland.

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The Olivia
Rent Specials
$1,704 - $3,240

Total Monthly Price

Base Rent$1,704 - $3,240

Total Monthly PriceVaries
1 Bedroom Apartments Available Now

The Olivia

3850 S Bond AvePortland, OR 97239
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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The Ardea Apartments
Rent Specials
$1,952 - $9,924

Total Monthly Price

Base Rent$1,952 - $9,924

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

The Ardea Apartments

3720 SW Bond AvePortland, OR 97239
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
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Willamette Tower
$1,992 - $8,253

Total Monthly Price

Base Rent$1,992 - $8,253

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Willamette Tower

3820 S River PkyPortland, OR 97267
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 3601 S River Pkwy
$2,000

Total Monthly Price

Base Rent$2,000

Total Monthly Price$2,000
Studio, 1 Bath Condo for Rent
Available Now
Furnished

3601 S River Pkwy, Unit 1302

3601 S River Pkwy
PortlandOR97239
  • Smoke Free
property at 6106 SE Boise St
$2,045

Total Monthly Price

Base Rent$2,045

Total Monthly Price$2,045
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

6106 SE Boise St

PortlandOR97206
property at 1726 SE 21st Ave
$2,200

Total Monthly Price

Base Rent$2,200

Total Monthly Price$2,200
2 Bedroom, 1 Bath Home for Rent
Available Oct 1
Furnished

1726 SE 21st Ave, Unit B

1726 SE 21st Ave
PortlandOR97214
  • Smoke Free

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.

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Z_Howard House
Studio to 2 Bedroom Apartments

Z_Howard House

2644 SE Powell BlvdPortland, OR 97202
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Z_Kateri Park
1 to 4 Bedroom Apartments

Z_Kateri Park

3640 SE 28th AvePortland, OR 97202
  • Utilities Included
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Z_Esperanza Court
1 to 2 Bedroom Apartments

Z_Esperanza Court

3611 SE 28th AvePortland, OR 97202
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Cedar Flats
Studio to 2 Bedroom Apartments

Cedar Flats

3727-3779 SE 40th AvePortland, OR 97202
  • Utilities Included
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Yamhill at Sixth
Studio to 1 Bedroom Apartments

Yamhill at Sixth

630 SE Yamhill StPortland, OR 97214
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Enclave 54
Studio Apartments

Enclave 54

5434 SE Milwaukie AvePortland, OR 97202
  • Utilities Included

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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Lynnwood Apartments
Studio to 2 Bedroom Apartments

Lynnwood Apartments

1634 SE Hawthorne BlvdPortland, OR 97214
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Tabor West Apartments
Studio to 3 Bedroom Apartments

Tabor West Apartments

6400-6476 SE Division StPortland, OR 97206
  • Utilities Included
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Brooklyn Flats
Studio to 1 Bedroom Apartments

Brooklyn Flats

3014 SE 8th AvePortland, OR 97202
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Tenino Terrace
1 to 2 Bedroom Apartments

Tenino Terrace

2405 SE Umatilla StPortland, OR 97202
  • Utilities Included
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1627 SE Reedway St
1 Bedroom Apartments

1627 SE Reedway St

1627 SE Reedway StPortland, OR 97202
Corporate Housing
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Dean River Apartments
Studio to 3 Bedroom Apartments

Dean River Apartments

3255 SE 17th AvePortland, OR 97202
Corporate Housing
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Spruce
Studio to 2 Bedroom Apartments

Spruce

1100 SE Sherman StPortland, OR 97214
  • Utilities Included
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Yukon Flats
Studio to 2 Bedroom Apartments

Yukon Flats

5965 SE Milwaukie AvePortland, OR 97202
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The Sellina
Studio to 1 Bedroom Apartments

The Sellina

1717 SE Tenino 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.

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

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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

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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

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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.

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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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

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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.