Cheap Homes for Rent in Reed Neighborhood of Portland, OR from $600 (21 Rentals)

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

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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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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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.

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Showing Results 1-21, Page 1 of 1

Reed, Portland, OR Local Guide

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. Enclave 54 has the second lowest priced unit, which is a Studio apartment currently listed from $985. Here are the most affordable Reed apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Enclave 54Studio 2Studio,1BA$985
Cardy on WoodstockStudioStudio,1BA$1,150
Division Terrace0BR/1.0BAStudio,1BA$1,199
Dean RiverStudioStudio,1BA$1,199

Best Value Apartments for Rent in Reed, OR

As of June 27, 2025 the best value apartment in the Reed area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Reed apartment is the 3 Bed 1 Bath Model at Knight Apartments starting at $1,639 with a $1.46 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Knight Apartments3 Bed 1 Bath3BR,1BA$1.46
Boathouse2 Bed F2BR,2BA$2.15
Tacoma CommonsTwo Bedroom2BR,1.5BA$2.22
Steele ApartmentsTwo Bedroom2BR,1BA$2.12
Milwaukie Avenue ApartmentsBottom Floor2BR,1BA$1.81
5107 SE Bybee Blvd, Unit 15107 SE Bybee Blvd2BR,1BA$1.88
Moreland Place Apartments2x12BR,1BA$1.90
The MorganThe Morgan PDX C1BR,1BA$2.08
Hazel Ying Lee ApartmentsStudioStudio ,1BA$2.22

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Reed

What type of rentals are currently available in Reed?

There are currently 784 Apartments for Rent in Reed, OR with pricing that ranges from $945 to $10,000. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reed ranging from $645 to $5,500.

What is the current price range for Rental Homes in Reed?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reed ranges from $645 to $5,500 with an average monthly rent of $2,783.

How much are larger Three and Four Bedroom Rentals in Reed?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Reed range from $1,950 to $7,270, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $3,600. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $2,325.

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.

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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.

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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.

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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.

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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.