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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 - $1,733Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$949 - $1,375
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$949 - $1,375
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$949 - $1,375
Koz on 4th
2211 SW 4th 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
3717 S Corbett Ave
PortlandOR97239
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$1,200 - $1,475Studio to 1 Bedroom Apartments Available Now
Medina
2926 SW 4th AvePortland, OR 97239
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$1,249 - $1,4201 Bedroom Apartments Available Now
Terwilliger Terrace
7360 SW Barbur BlvdPortland, OR 97219
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$1,295 - $3,653
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $3,653
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The Dylan
3883 S Moody AvePortland, OR 97239
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$1,299 - $1,699Studio to 1 Bedroom Apartments Available Now
Corbett Heights Apartments
SW Corbett AvePortland, OR 97239
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.
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Rent Specials
$1,310 - $3,055Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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$1,315 - $2,8371 to 3 Bedroom Apartments Available Now
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
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$1,334 - $2,950
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,334 - $2,950
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The Douglas
1811 SW River DrPortland, OR 97201
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$1,399 - $10,000
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,399 - $10,000
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Ella
3833 SW Bond AvePortland, OR 97239
2442 SW Sheffield Ave, Unit B
2442 SW Sheffield Ave
PortlandOR97201
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$1,494 - $3,0191 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
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$1,5002 Bedroom Apartments Contact Us For Availability
Town and Country Apartments
4820 SW Barbur BlvdPortland, OR 97239
5025 S Corbett Ave
PortlandOR97239
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$1,558 - $3,567Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, 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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$1,565 - $2,772
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$1,565 - $2,772
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Sanctuary
4940 S Landing DrPortland, OR 97239
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$1,6491 Bedroom Apartments Available Now
3535 S Corbett Ave, Unit 201
3535 S Corbett AvePortland, OR 97239
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$1,650
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$1,650
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$1,650
342 SW Hamilton Ct, Unit 342
342 SW Hamilton CtPortland, OR 97239
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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
Cash 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.
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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
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Studio to 2 Bedroom Apartments
Fulton Park Apartments
7350 SW Barbur BlvdPortland, OR 97219
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Studio to 1 Bedroom Apartments
Corbett Building
5909 S Corbett AvePortland, OR 97239
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Studio to 2 Bedroom Apartments
La Stella Apartments
3535 SW Corbett AvePortland, OR 97239
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Studio to 1 Bedroom Apartments
The View Point
4310-4314 SW View Point TerPortland, OR 97239
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Studio to 2 Bedroom Apartments
Hoodview Apartments
329 S Whitaker StPortland, OR 97239
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Studio to 1 Bedroom Apartments
3727 SW Hood
3727-3755 S Hood AvePortland, 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.
22 S Meade St
PortlandOR97201
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Studio to 2 Bedroom Apartments
The Emery Apartments
3155 S Moody AvePortland, 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
2803 SW 1st Ave
PortlandOR97201
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Studio to 2 Bedroom Apartments
Lair Hill Apartments
3030-3032 SW Fourth AvePortland, OR 97201
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Studio to 2 Bedroom Apartments
The Olivia
3850 S Bond AvePortland, OR 97239
5885 S Macadam Ave
PortlandOR97239
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1 to 2 Bedroom Apartments
Portland Ironwood
3105 SW Barbur BlvdPortland, OR 97201
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Studio to 2 Bedroom Apartments
Boathouse
0444 SW Boundary StPortland, OR 97239
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,332 | $470 | $1,959 |
| South Portland 1 Bedroom Apartments | $1,746 | $1,056 | $3,009 |
| South Portland 2 Bedroom Apartments | $2,565 | $1,264 | $7,180 |
| South Portland 3 Bedroom Apartments | $1,895 | $1,458 | $2,950 |
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 $949. 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 | Essential Studio - MULTE | Studio,1BA | $949 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Medina | 0x1 | Studio,1BA | $1,200 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1,249 |
| Corbett Heights Apartments | 0 x 1 - 518 SF | Studio,1BA | $1,299 |
| Cascade Vista | One Bedroom B | 1BR,1BA | $1,315 |
| The Douglas | Studio Irving | Studio,1BA | $1,334 |
| 3727 SW Hood | 1BR/1.0BA | 1BR,1BA | $1,395 |
| The Emery Apartments | B | 455sf | Studio,1BA | $1,440 |
Best Value Apartments for Rent in South Portland, OR
As of July 04, 2026 the best value apartment in the South Portland area is the $2.45 price per square foot 3601 sw river parkway Model at 3601 sw river parkway, Unit 1118 in the in the Southwest Portland neighborhood starting from $2,950. The second greatest value South Portland apartment is the 22F1 Model at The Matisse starting at $2,200 with a $2.02 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. |
|---|---|---|---|
| 3601 sw river parkway, Unit 1118 | 3601 sw river parkway | 1BR,1BA | $2.45 |
| The Matisse | 22F1 | 2BR,2BA | $2.02 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1.67 |
| 342 SW Hamilton Ct, Unit 342 | 342 SW Hamilton Ct | 2BR,1BA | $2.20 |
| Ella | A12 | 1BR,1BA | $2.29 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.83 |
| 3727 SW Hood | 1BR/1.0BA | 1BR,1BA | $2.13 |
| 4210-4230 SW View Point Ter | 1BR/1.0BA | 1BR,1BA | $2.32 |
| Gray's Landing | studio | Studio ,1BA | $1.70 |
| Cascade Vista | One Bedroom B | 1BR,1BA | $2.25 |
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!
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Don'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 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
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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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 $1,440.
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 $2,408.
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 58 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 $468 which is $1,940 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
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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
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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.
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.