Cheap Apartments for Rent in the South Eliot Neighborhood of Portland, OR from $500 (342 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Eliot area of Portland.

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South Eliot, Portland, OR Local Guide

Cheapest Available South Eliot Apartments for Rent

 

The cheapest available apartment rental in the South Eliot area of Portland, OR is a Studio unit found at Emmons Place priced from $579. Modern Rich Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable South Eliot apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Emmons PlaceSTUDIOSStudio,1BA$579
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Fountain Place ApartmentsStudio - 60%Studio,1BA$737
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
Gretchen KafouryGretchen Kafoury Commons—Your ideal oasis in th...Studio,1BA$757
5th Avenue Place ApartmentsStudio, 1 bathStudio,1BA$795
Zeal LoftsStudio 1Studio,1BA$795
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878

Best Value Apartments for Rent in South Eliot, OR

As of July 14, 2025 the best value apartment in the South Eliot area is the $1.58 price per square foot Two Bedroom Model at Gallery Park Apartments in the in the Northwest Portland neighborhood starting from $1,895. The second greatest value South Eliot apartment is the Two Bedroom Model at Goose Hollow Plaza starting at $1,525 with a $1.66 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for South Eliot apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.58
Goose Hollow PlazaTwo Bedroom2BR,1BA$1.66
King DishmanThree Bathroom One Bathoom HUD Unit3BR,1BA$1.41
Midtown East0x1 100Studio ,1BA$1.33
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
5th Avenue Place ApartmentsStudio, 1 bathStudio ,1BA$1.67
Emmons PlaceSTUDIOSStudio ,1BA$1.38

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Pet Friendly Lifestyle
South Eliot, Portland, OR

Ranked #2

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Eliot, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Portland. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the South Eliot Neighborhood in Portland, OR

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

93 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

75 / 100

Excellent Transit

Transit is convenient for most trips

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 South Eliot Apartments

What is a cheap apartment in South Eliot?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Eliot is under $878.

What is the price of a cheap apartment in South Eliot?

The cheapest apartment in South Eliot is Park Terrace which is listed at $729, while the average apartment in South Eliot costs $4,250.

What types of apartments are the cheapest in South Eliot?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 136 regular apartments in South Eliot that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Eliot?

Cheap apartments in South Eliot have an average cost of $419 which is $3,831 cheaper than the average rent for all rentals in South Eliot.

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.