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$1,1951 Bedroom Apartments Available Now
3805-3805 SE Cesar Estrada Chavez Blvd, Unit 3805 - 10
3805-3805 SE Cesar Estrada Chavez BlvdPortland, OR 97202
Cheap Homes for Rent in Reed Neighborhood of Portland, OR from $1,300 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Reed area of Portland.
8323 SE 62nd Ave
PortlandOR97206
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$1,3951 Bedroom Apartments Available Now
2919 SE Division St, Unit 102
2919 SE Division StPortland, OR 97202
4507 SE 67th Ave
PortlandOR97206
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$1,4951 Bedroom Apartments Available Now
5222 SE Holgate Blvd, Unit Apt 2
5222 SE Holgate BlvdPortland, OR 97206
5006 SE Knapp St
PortlandOR97206
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.
5222 SE Holgate Blvd
PortlandOR97206
5885 S Macadam Ave
PortlandOR97239
2618 SE 51st Ave
PortlandOR97206
2105 SE Caruthers St
PortlandOR97214
4144 SE Ogden St
PortlandOR97202
1215 SE Haig St
PortlandOR97202
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.
3510 SE 61st Ave
PortlandOR97206
6421 SE 52nd Ave
PortlandOR97206
4022 SE Salmon St
PortlandOR97214
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$1,8951 Bedroom Apartments Available Now
5134 SE Hawthorne Blvd, Unit #4
5134 SE Hawthorne BlvdPortland, OR 97215
1808 SE Sherrett St
PortlandOR97202
1412 SE Carlton St
PortlandOR97202
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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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 | $2,446 | $1,695 | $4,250 |
| Reed 3 Bedroom Homes for Rent | $3,071 | $2,465 | $4,400 |
| Reed 4 Bedroom Homes for Rent | $3,459 | $3,150 | $3,795 |
| Reed 5 Bedroom Homes for Rent | $3,995 | $3,995 | $3,995 |
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 18 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 The Tristan priced from $975. Brooklyn Flats has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. Here are the most affordable Reed apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Tristan | 0 Bedroom 1 Bath - 50411 | Studio,1BA | $975 |
| Brooklyn Flats | 0 Bedroom 1 Bath - 50384 | Studio,1BA | $1,015 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Warnell Apartments! | 0BR/1.0BA | Studio,1BA | $1,095 |
| Brookland Apartments | Studio, 1 Bathroom | Studio,1BA | $1,129 |
Best Value Apartments for Rent in Reed, OR
As of April 20, 2026 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 Bedroom Model at Francis Park starting at $1,990 with a $1.66 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. |
|---|---|---|---|
| Z_Caritas Sacred Heart Villa | Studio | Studio ,1BA | $0.96 |
| Francis Park | 3 Bedroom | 3BR,2BA | $1.66 |
| The Woodstock! | 3x2 | 3BR,2BA | $1.97 |
| Ashley Court Apartments | 2 Bedroom / 1.0 Bath | 2BR,1BA | $1.78 |
| The Enclave | 2 Bedroom | 2BR,1BA | $1.75 |
| Shady Glen Apartments | Two Bedroom 1 Bath | 2BR,1BA | $1.62 |
| Milwaukie Avenue Apartments | Bottom Floor | 2BR,1BA | $1.81 |
| Villa 34 Apartments | 1x1 | 1BR,1BA | $1.63 |
| Moreland Place Apartments | 2x1 | 2BR,1BA | $1.90 |
| 2881 Francis SE St, Unit 20 | 2881 Francis SE St | 2BR,1BA | $1.99 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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!
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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
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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 785 Apartments for Rent in Reed, OR with pricing that ranges from $995 to $10,752. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reed ranging from $1,300 to $4,400.
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 $1,300 to $4,400 with an average monthly rent of $2,791.
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 $9,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,465 to $4,400. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $4,775.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.