Cheap Apartments for Rent in the South Portland Neighborhood of Portland, OR from $800 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Portland 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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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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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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WaterLane Apartments
1 Bedroom Apartments

WaterLane Apartments

3807-3811 SW Water AvePortland, OR 97239
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Water Meade Apartments
Studio to 1 Bedroom Apartments

Water Meade Apartments

103 S Meade StPortland, OR 97201
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650 SW Sherman St
1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
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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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Hoodview Apartments
1 Bedroom Apartments

Hoodview Apartments

3300 SW Hood AvePortland, OR 97239
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City's Edge
1 Bedroom Apartments

City's Edge

4210-4230 SW View Point TerPortland, OR 97239
Showing Results 1-31, Page 1 of 1

South Portland, Portland, OR Local Guide

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 Medina priced from $1,050. Koz on 4th has the second lowest priced unit, which is a Studio apartment currently listed from $1,079. Here are the most affordable South Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Medina0BR/1.0BAStudio,1BA$1,050
Koz on 4thStudioStudio,1BA$1,079
Acqua ApartmentsStudioStudio,1BA$1,125
Harborview Apartments1BR/1.0BA1BR,1BA$1,145
WaterleafStudio-60%Studio,1BA$1,220
Greenbriar VillageMedium One Bedroom1BR,1BA$1,295
Terwilliger1 x 11BR,1BA$1,300
Sanctuary ApartmentsHamilton AStudio,1BA$1,330
Urban Living, Elevated ComfortA | 448-487sfStudio,1BA$1,465
The DouglasStudio IrvingStudio,1BA$1,528

Best Value Apartments for Rent in South Portland, OR

As of July 30, 2025 the best value apartment in the South Portland area is the $2.22 price per square foot 2 bedroom 2 bath flat small Model at Sophia's View in the in the Southwest Portland neighborhood starting from $3,335. The second greatest value South Portland apartment is the 3601 sw river parkway Model at 3601 sw river parkway, Unit 1118 starting at $2,950 with a $2.45 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sophia's View2 bedroom 2 bath flat small2BR,2BA$2.22
3601 sw river parkway, Unit 11183601 sw river parkway1BR,1BA$2.45
The DylanB5.22BR,2BA$2.82
The Matisse22F12BR,2BA$2.44
Greenbriar Village2 Bed 1.5 Bath2BR,1.5BA$1.91
Terwilliger1 x 11BR,1BA$1.73
EllaA4.1-4.21BR,1BA$2.47
Harborview Apartments1BR/1.0BA1BR,1BA$1.91
WaterleafStudio-60%Studio ,1BA$2.13
Medina0BR/1.0BAStudio ,1BA$2.76

Quick Rent Budget Calculator

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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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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!

Getting Around the South Portland Neighborhood in Portland, OR

Walk Score®

79 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

84 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

64 / 100

Good Transit

Many nearby public transportation options

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 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 $1,528.

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

The cheapest apartment in South Portland is Harborview Apartments which is listed at $1,145, while the average apartment in South Portland costs $5,567.

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 4 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 $591 which is $4,976 cheaper than the average rent for all rentals in South Portland.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.