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$470 - $1,458Studio to 3 Bedroom Apartments Contact Us For Availability
The Vera
2045 SW River PkyPortland, OR 97201
Cheap Apartments for Rent in the South Portland Neighborhood of Portland, OR from $400 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Portland area of Portland.
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$480 - $1,785Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$899 - $1,200Studio to 1 Bedroom Apartments Available Now
Koz on 4th
2211 SW 4th AvePortland, OR 97201
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$1,005Studio to 3 Bedroom Apartments Available Now
Acqua Apartments - Student Affordable
2615 S Water AvePortland, OR 97201
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$1,018 - $1,290Studio to 2 Bedroom Apartments Available Now
Gray's Landing
0650 S Lowell StPortland, OR 97239
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Rent Specials
$1,195 - $2,875
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,195 - $2,875
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$1,195 - $2,875
Sanctuary
4940 S Landing DrPortland, OR 97239
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$1,235 - $3,180Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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$1,249 - $1,350Studio to 1 Bedroom Apartments Available Now
The Emery Apartments
3155 S Moody AvePortland, OR 97239
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$1,295 - $3,199
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $3,199
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The Dylan
3883 S Moody AvePortland, OR 97239
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.
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Rent Specials
$1,299 - $1,4201 Bedroom Apartments Available Now
Terwilliger Terrace
7360 SW Barbur BlvdPortland, OR 97219
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$1,325 - $1,395Studio to 1 Bedroom Apartments Available Now
Corbett Building
5909 S Corbett AvePortland, OR 97239
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$1,337 - $9,687
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$1,337 - $9,687
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Ella
3833 SW Bond AvePortland, OR 97239
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$1,394 - $2,590
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,394 - $2,590
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The Douglas
1811 SW River DrPortland, OR 97201
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$1,4001 Bedroom Apartments Contact Us For Availability
Medina
2926 SW 4th AvePortland, OR 97239
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$1,400 - $1,850Studio to 1 Bedroom Apartments Available Now
Corbett Heights
SW Corbett AvePortland, OR 97239
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$1,425 - $3,220
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,425 - $3,220
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The Olivia
3850 S Bond AvePortland, OR 97239
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$1,435 - $2,0251 to 2 Bedroom Apartments Available Now
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
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$1,446 - $2,9591 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
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.
6533 S Virginia Ave
PortlandOR97239
5025 S Corbett Ave
PortlandOR97239
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$1,515 - $3,060
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$1,515 - $3,060
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Griffis South Waterfront
650 S Gaines StPortland, OR 97239
3717 S Corbett Ave
PortlandOR97239
6015 S Virginia Ave
PortlandOR97239
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$1,5951 Bedroom Apartments Available Now
Lair Hill
3030-3032 SW Fourth AvePortland, OR 97201
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$1,6002 Bedroom Apartments Contact Us For Availability
Town & Country Apartments
4820 SW Barbur BlvdPortland, OR 97239
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$1,600
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2 Bedroom Apartment Available NowTotal Monthly Price
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$1,600
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$1,600
434 S Idaho St, Unit Idaho Street
434 S Idaho StPortland, OR 97239
3515 SW Barbur Blvd, Unit O-2
3515 SW Barbur Blvd
PortlandOR97239
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.
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Studio to 1 Bedroom Apartments
Watergate Apartments
10 SW Porter StPortland, OR 97201
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Studio to 1 Bedroom Apartments
Harborview Apartments
5 SW Whitaker StPortland, OR 97239
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Studio Apartments
Curry Court Apartments
11 SW Curry StPortland, OR 97239
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1 to 2 Bedroom Apartments
WaterLane Apartments
3807-3811 SW Water AvePortland, OR 97239
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Studio to 2 Bedroom Apartments
Water Meade Apartments
103 S Meade StPortland, OR 97201
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Studio to 2 Bedroom Apartments
MacAdam Apartments
5885 SW Macadam AvePortland, OR 97239
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Studio to 1 Bedroom Apartments
650 SW Sherman St
650 SW Sherman StPortland, OR 97201
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1 to 2 Bedroom Apartments
Lair Hill Park Apartments
212-236 SW Meade StPortland, OR 97201
0225 S Hamilton St
PortlandOR97239
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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Studio to 2 Bedroom Apartments
Fulton Park Apartments
7350 SW Barbur BlvdPortland, OR 97219
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La Stella Apartments
3535 SW Corbett AvePortland, OR 97239
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Studio to 1 Bedroom Apartments
3727 SW Hood
3727-3755 S Hood AvePortland, OR 97239
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Boathouse
0444 SW Boundary StPortland, OR 97239
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1 to 2 Bedroom Apartments
4210-4230 SW View Point Ter
4210-4230 SW View Point TerPortland, OR 97239
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Studio to 2 Bedroom Apartments
Hoodview Apartments
329 S Whitaker StPortland, OR 97239
5885 S Macadam Ave
PortlandOR97239
3030 SW 4th Ave
PortlandOR97201
536 SW Nebraska St
PortlandOR97239
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.
Showing Results 1-45, Page 1 of 1
South Portland, Portland, OR Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in South Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Portland Studio Apartments | $1,222 | $470 | $1,760 |
| South Portland 1 Bedroom Apartments | $1,807 | $1,056 | $3,220 |
| South Portland 2 Bedroom Apartments | $2,810 | $1,264 | $7,030 |
| South Portland 3 Bedroom Apartments | $1,699 | $1,458 | $2,049 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the South Portland Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
South Portland, Portland, OR Local Guide
- Nearby Portland neighborhoods
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Cheapest Available South Portland Apartments for Rent
The cheapest available apartment rental in the South Portland area of Portland, OR is a Studio unit found at Waterleaf priced from $480. Koz on 4th has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable South Portland apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| Koz on 4th | Studio | Studio,1BA | $899 |
| Harborview Apartments | 0BR/1.0BA | Studio,1BA | $945 |
| Acqua Apartments - Student Affordable | Studio | Studio,1BA | $1,005 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Sanctuary | Landing C | Studio,1BA | $1,195 |
| The Emery Apartments | B | 455sf | Studio,1BA | $1,224 |
| The Matisse | 01F1 | Studio,1BA | $1,235 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1,299 |
| Corbett Building | 1BR/1.0BA | 1BR,1BA | $1,325 |
Best Value Apartments for Rent in South Portland, OR
As of April 04, 2026 the best value apartment in the South Portland area is the $2.10 price per square foot 22F1 Model at The Matisse in the in the Southwest Portland neighborhood starting from $2,285. The second greatest value South Portland apartment is the Two Bedroom A Model at Cascade Vista starting at $1,435 with a $1.68 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for South Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Matisse | 22F1 | 2BR,2BA | $2.10 |
| Cascade Vista | Two Bedroom A | 2BR,1BA | $1.68 |
| Lair Hill | 1x1 | 1BR,1BA | $1.94 |
| Hoodview Apartments | 2BR/1.0BA | 2BR,1BA | $1.87 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1.73 |
| 434 S Idaho St, Unit Idaho Street | 434 S Idaho St | 2BR,1BA | $2.13 |
| Ella | A5.1-5.2 | 1BR,1BA | $2.31 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.64 |
| Gray's Landing | studio | Studio ,1BA | $2.17 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
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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Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Oregon including South Portland, Portland, and the greater Portland area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, family-friendliness, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap South Portland Apartments
What is a cheap apartment in South Portland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Portland is under $1,325.
What is the price of a cheap apartment in South Portland?
The cheapest apartment in South Portland is Gray's Landing which is listed at $1,102, while the average apartment in South Portland costs $2,606.
What types of apartments are the cheapest in South Portland?
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 62 regular apartments in South Portland 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 Portland?
Cheap apartments in South Portland have an average cost of $533 which is $2,073 cheaper than the average rent for all rentals in South Portland.
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
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.