Cheap Homes for Rent in Reed Neighborhood of Portland, OR from $600 (12 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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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. The Morgan has the second lowest priced unit, which is a Studio apartment currently listed from $1,071. Here are the most affordable Reed apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
The MorganThe Morgan PDX StudioStudio,1BA$1,071
Enclave 54Studio 2Studio,1BA$1,129
Studio Pointe ApartmentsStudio 1Studio,1BA$1,145
Wimbledon Square And GardensWindermereStudio,1BA$1,191

Best Value Apartments for Rent in Reed, OR

As of July 30, 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 2BR/2.0BA Model at The Garthwick starting at $2,200 with a $2.14 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
The Garthwick2BR/2.0BA2BR,2BA$2.14
5029 SE Taylor St, Unit Basement5029 SE Taylor St1BR,1BA$1.67
The Enclave2 Bedroom2BR,1BA$1.75
Francis Park2 Bedroom2BR,1BA$1.93
2717 SE 15th Ave., Lower, Unit United States2717 SE 15th Ave., Lower2BR,1BA$2.19
Milwaukie Avenue ApartmentsBottom Floor2BR,1BA$1.81
3808 SE Cesar Estrada Chavez Blvd, Unit 83808 SE Cesar Estrada Chavez Blvd2BR,1BA$1.99
1330 SE Lafayette St2 Bd/1 Bath2BR,1BA$1.80
Hazel Ying Lee ApartmentsStudioStudio ,1BA$2.22

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Frequently Asked Questions about Reed

What type of rentals are currently available in Reed?

There are currently 783 Apartments for Rent in Reed, OR with pricing that ranges from $950 to $10,000. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reed ranging from $645 to $4,300.

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 $4,300 with an average monthly rent of $2,546.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.