Cheap Apartments for Rent in the Reed Neighborhood of Portland, OR from $500 (112 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in the Reed area of Portland.
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 | $1,463 | $945 | $6,895 |
Reed 1 Bedroom Apartments | $1,983 | $1,218 | $7,566 |
Reed 2 Bedroom Apartments | $2,993 | $1,450 | $10,000+ |
Reed 3 Bedroom Apartments | $3,378 | $1,950 | $7,270 |
Browse Apartments in this Neighborhood
There are currently 112 rentals with your search options within a 2 mile radius of the Reed Neighborhood of Portland, OR.
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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 Hazel Ying Lee Apartments listed at $950.
How much is rent for a Cheap One Bedroom Reed Apartment?
The lowest price for a Cheap One Bedroom Reed Apartment is $1,295 at Insley Apartments.
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 $1,399 at Moreland Place Apartments.
What is the most affordable Reed Three Bedroom Apartment?
The best deal on a cheap Reed Three Bedroom Apartment rental is at Knight Apartments and starts from $2,189.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
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.