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$941 - $1,216Studio to 1 Bedroom Apartments Available Now
Koz on 4th
2211 SW 4th AvePortland, OR 97201
Cheap Apartments for Rent in the South Portland Neighborhood of Portland, OR from $800 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Portland area of Portland.
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$999 - $1,773Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$1,005 - $1,264Studio to 3 Bedroom Apartments Available Now
Acqua Apartments - Student Affordable
2615 S Water AvePortland, OR 97201
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Rent Specials
$1,050Studio Apartments Contact Us For Availability
Medina
2926 SW 4th AvePortland, OR 97239
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$1,194 - $6,207Studio to 4 Bedroom Apartments Available Now
The Douglas
1811 SW River DrPortland, OR 97201
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$1,200 - $2,200Studio to 3 Bedroom Apartments Available Now
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
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$1,239 - $10,000Studio to 2 Bedroom Apartments Available Now
Ella
3833 SW Bond AvePortland, OR 97239
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$1,271 - $1,4951 Bedroom Apartments Contact Us For Availability
Terwilliger
7360 SW Barbur BlvdPortland, OR 97219
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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$1,275 - $3,095Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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$1,280 - $2,625Studio to 2 Bedroom Apartments Available Now
Sanctuary Apartments
4940 S Landing DrPortland, OR 97239
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$1,295 - $3,208Studio to 2 Bedroom Apartments Available Now
The Dylan
3883 S Moody AvePortland, OR 97239
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$1,323 - $3,324Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
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$1,358 - $3,9971 to 3 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
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$1,399 - $2,150Studio to 2 Bedroom Apartments Available Now
The Emery
3155 S Moody AvePortland, OR 97239
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$1,4001 Bedroom Apartments Available Nov 18
Town and Country Apartments
4820 SW Barbur BlvdPortland, OR 97239
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$1,4952 Bedroom Apartments Available Now
4900-4902 SW Slavin Rd
4900-4902-4902 SW Slavin RdPortland, 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.
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$1,499 - $3,140Studio to 2 Bedroom Apartments Available Now
The Olivia
3850 S Bond AvePortland, OR 97239
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$1,680 - $6,090Studio to 2 Bedroom Apartments Available Now
The Ardea Apartments
3720 SW Bond AvePortland, OR 97239
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$1,800 - $9,2141 to 3 Bedroom Apartments Available Now
Willamette Tower
3820 S River PkyPortland, OR 97267
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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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Showing Results 1-35, 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 | $1,259 | $941 | $2,230 |
| South Portland 1 Bedroom Apartments | $1,891 | $1,216 | $4,882 |
| South Portland 2 Bedroom Apartments | $3,230 | $1,264 | $9,214 |
| South Portland 3 Bedroom Apartments | $3,298 | $1,773 | $6,999 |
| South Portland 4 Bedroom Apartments | $4,617 | $4,617 | $4,617 |
Browse Apartments in this Neighborhood
There are currently 35 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 Koz on 4th priced from $941. Waterleaf has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable South Portland apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Koz on 4th | Studio | Studio,1BA | $941 |
| Waterleaf | Studio-60% | Studio,1BA | $999 |
| Acqua Apartments - Student Affordable | Studio | Studio,1BA | $1,005 |
| Hoodview Apartments | 0BR/1.0BA | Studio,1BA | $1,095 |
| Modern New Construction | 1BR/1.0BA | 1BR,1BA | $1,175 |
| The Douglas | Studio Irving | Studio,1BA | $1,194 |
| Cascade Vista | Studio A | Studio,1BA | $1,200 |
| Ella | S1.1 | Studio,1BA | $1,239 |
| The Matisse | 01F1 | Studio,1BA | $1,275 |
| Sanctuary Apartments | Hamilton A | Studio,1BA | $1,280 |
Best Value Apartments for Rent in South Portland, OR
As of November 14, 2025 the best value apartment in the South Portland area is the $2.17 price per square foot 2 bedroom 2 bath flat large Model at Sophia's View in the in the Southwest Portland neighborhood starting from $3,490. The second greatest value South Portland apartment is the 131 SW Hooker St Model at 131 SW Hooker St, Unit 131 starting at $2,175 with a $1.98 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. |
|---|---|---|---|
| Sophia's View | 2 bedroom 2 bath flat large | 2BR,2BA | $2.17 |
| 131 SW Hooker St, Unit 131 | 131 SW Hooker St | 2BR,1BA | $1.98 |
| The Matisse | 22F1 | 2BR,2BA | $2.05 |
| 5830 S Kelly Ave, Unit #1 | 5830 S Kelly Ave | 2BR,1BA | $1.80 |
| Hoodview Apartments | 2BR/1.0BA | 2BR,1BA | $1.87 |
| Modern New Construction | 1BR/1.0BA | 1BR,1BA | $1.79 |
| Waterleaf | Studio-60% | Studio ,1BA | $1.74 |
| Ella | S1.1 | Studio ,1BA | $2.34 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
| Koz on 4th | Studio | Studio ,1BA | $2.64 |
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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Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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 ArticleQuick Rent Budget Calculator
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!
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®
63 / 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 $1,280.
What is the price of a cheap apartment in South Portland?
The cheapest apartment in South Portland is Modern New Construction which is listed at $1,175, while the average apartment in South Portland costs $6,210.
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 17 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 $200 which is $6,010 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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.