4320 SE Holgate Blvd
PortlandOR97206
Cheap Homes for Rent in Reed Neighborhood of Portland, OR from $500 (22 Rentals)
Search the lowest-cost Homes available for rent right now in the Reed area of Portland.
1936 SE Insley St
PortlandOR97202
1730 SE 35th Pl
PortlandOR97214
5885 S Macadam Ave
PortlandOR97239
6110 SE Gladstone St
PortlandOR97206
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$1,2991 Bedroom Apartments Available Now
3027 SE 20th Ave, Unit 3027
3027 SE 20th AvePortland, OR 97202
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$1,3491 Bedroom Apartments Available Now
3041 SE 20th Ave, Unit 3041
3041 SE 20th AvePortland, OR 97202
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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$1,3501 Bedroom Apartments Available Now
2919 SE Division St, Unit 306
2919 SE Division StPortland, OR 97202
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$1,395Studio Apartments Available Now
1280 SE Nehalem St, Unit 205
1280 SE Nehalem StPortland, OR 97202
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$1,4251 Bedroom Apartments Available Now
4232-4232 SE Cesar Estrada Chavez Blvd, Unit 4226
4232-4232 SE Cesar Estrada Chavez BlvdPortland, OR 97202
1123 SE 27th Ave
PortlandOR97214
1135 SE 27th Ave
PortlandOR97214
7630 SE Milwaukie Ave
PortlandOR97202
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$1,4501 Bedroom Apartments Available Now
1280 SE Nehalem St, Unit 306
1280 SE Nehalem StPortland, OR 97202
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.
1605 SE Yukon St, Unit B
1605 SE Yukon St
PortlandOR97202
6832 SE 50th Ave
PortlandOR97206
7427 SE 66th Ave
PortlandOR97206
2105 SE Caruthers St
PortlandOR97214
2618 SE 51st Ave
PortlandOR97206
2618 SE 51st Ave, Unit B
2618 SE 51st Ave
PortlandOR97206
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$1,5991 Bedroom Apartments Available Now
3055 SE 20th Ave, Unit 3055
3055 SE 20th AvePortland, OR 97202
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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$1,6002 Bedroom Apartments Available Now
1680 SE Rex St, Unit 2
1680 SE Rex StPortland, OR 97202
Showing Results 1-22, Page 1 of 1
Reed, Portland, OR Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Reed?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Reed 2 Bedroom Homes for Rent | $2,469 | $1,425 | $3,995 |
| Reed 3 Bedroom Homes for Rent | $3,242 | $1,995 | $4,400 |
| Reed 4 Bedroom Homes for Rent | $3,822 | $3,000 | $5,500 |
| Reed 5 Bedroom Homes for Rent | $3,295 | $3,295 | $3,295 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 22 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 Studio Pointe Apartments priced from $995. Tabor Commons 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 |
|---|---|---|---|
| Studio Pointe Apartments | Studio 2 | Studio,1BA | $995 |
| Tabor Commons | Micro Studio-A | Studio,1BA | $995 |
| Brooklyn Flats | 0 Bedroom 1 Bath - 50384 | Studio,1BA | $1,015 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Wimbledon Square And Gardens | Chelsea | Studio,1BA | $1,157 |
Best Value Apartments for Rent in Reed, OR
As of June 04, 2026 the best value apartment in the Reed area is the $1.47 price per square foot 5625 SE Powell Blvd Model at 5625 SE Powell Blvd, Unit 5625 in the in the Southeast Portland neighborhood starting from $2,500. The second greatest value Reed apartment is the Studio Model at Z_Caritas Sacred Heart Villa starting at $1,438 with a $0.96 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. |
|---|---|---|---|
| 5625 SE Powell Blvd, Unit 5625 | 5625 SE Powell Blvd | 2BR,2BA | $1.47 |
| Z_Caritas Sacred Heart Villa | Studio | Studio ,1BA | $0.96 |
| Crown Point Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.27 |
| Ravenbourne Apartments | 2x1 | 2BR,1BA | $1.59 |
| Ashley Court Apartments | 2 Bedroom / 1.0 Bath | 2BR,1BA | $1.73 |
| Shady Glen Apartments | Two Bedroom 1 Bath | 2BR,1BA | $1.70 |
| Hunter's Ridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.61 |
| 5902-5920 SE Milwaukie Ave | 1 Bed 1 Bath | 1BR,1BA | $1.73 |
| Shade Tree Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.98 |
| Gray's Landing | studio | Studio ,1BA | $1.70 |
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 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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
School data provided by Great Schools
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 $950 to $12,046. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reed ranging from $595 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 $595 to $5,500 with an average monthly rent of $2,565.
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 $7,812, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,400. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $6,914.
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
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.
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.
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.
From Arts to Eats: A Local Insiders 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.
Articles, How-To's, and Tips
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.