Cheap Homes for Rent in South Eliot Neighborhood of Portland, OR from $600 (45 Rentals)

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Search the lowest-cost Homes available for rent right now in the South Eliot 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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Portland’s Best Affordable Neighborhoods

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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 St. Francis Park priced from $536. Alder 9 has the second lowest priced unit, which is a Studio apartment currently listed from $626. Here are the most affordable South Eliot apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
St. Francis ParkStudioStudio,1BA$536
Alder 9Studio 30%Studio,1BA$626
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Fountain Place ApartmentsStudio - 60%Studio,1BA$737
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
Zeal LoftsStudio 1Studio,1BA$795
5th Avenue Place ApartmentsStudio, 1 bathStudio,1BA$795
Emmons PlaceSTUDIOSStudio,1BA$799
Morrison Park ApartmentsStudio - 50%Studio,1BA$800

Best Value Apartments for Rent in South Eliot, OR

As of July 25, 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 555 N Simpson St Model at 555 N Simpson St, Unit UPSTAIRS starting at $1,750 with a $1.51 price per square foot in the Northeast 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
555 N Simpson St, Unit UPSTAIRS555 N Simpson St2BR,1BA$1.51
Goose Hollow PlazaTwo Bedroom2BR,1BA$1.66
Midtown East1x1_r1001BR,1BA$1.54
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
5th Avenue Place ApartmentsStudio, 1 bathStudio ,1BA$1.67
St. Francis ParkStudioStudio ,1BA$1.34

Quick Rent Budget Calculator

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Frequently Asked Questions about South Eliot

What type of rentals are currently available in South Eliot?

There are currently 1724 Apartments for Rent in South Eliot, OR with pricing that ranges from $626 to $14,301. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Eliot ranging from $600 to $7,200.

What is the current price range for Rental Homes in South Eliot?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Eliot ranges from $600 to $7,200 with an average monthly rent of $3,273.

How much are larger Three and Four Bedroom Rentals in South Eliot?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Eliot range from $1,885 to $11,587, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $5,995. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $3,595.

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.