Cheap Apartments for Rent in the South Portland Neighborhood of Portland, OR from $800 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Portland area of Portland.

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WaterLane Apartments
1 to 2 Bedroom Apartments

WaterLane Apartments

3807-3811 SW Water AvePortland, OR 97239
  • Utilities Included
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Water Meade Apartments
Studio to 2 Bedroom Apartments

Water Meade Apartments

103 S Meade StPortland, OR 97201
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MacAdam Apartments
Studio to 2 Bedroom Apartments

MacAdam Apartments

5885 SW Macadam AvePortland, OR 97239
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650 SW Sherman St
Studio to 1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
  • Utilities Included
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Hoodview Apartments
1 Bedroom Apartments

Hoodview Apartments

3300 SW Hood AvePortland, OR 97239
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La Stella Apartments
Studio to 2 Bedroom Apartments

La Stella Apartments

3535 SW Corbett AvePortland, OR 97239
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Corbett Building
Studio Apartments

Corbett Building

5909 S Corbett AvePortland, OR 97239
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City's Edge
1 to 2 Bedroom Apartments

City's Edge

4210-4230 SW View Point TerPortland, OR 97239
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Boathouse
Studio to 2 Bedroom Apartments

Boathouse

0444 SW Boundary StPortland, OR 97239
Showing Results 1-38, 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 Koz on 4th priced from $921. Acqua Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $924. Here are the most affordable South Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$921
Acqua ApartmentsStudioStudio,1BA$924
Modern New Construction 0BR/1.0BAStudio,1BA$925
Harborview Apartments1BR/1.0BA1BR,1BA$1,145
Terwilliger1 x 11BR,1BA$1,199
Greenbriar VillageSmall One Bed1BR,1BA$1,203
WaterleafStudio-60%Studio,1BA$1,220
Sanctuary ApartmentsHamilton DStudio,1BA$1,260
Fulton Park ApartmentsFulton 1 Bedroom Downstairs1BR,1BA$1,299
The Matisse01F1Studio,1BA$1,365

Best Value Apartments for Rent in South Portland, OR

As of September 19, 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 2x1 Model at Town and Country Apartments starting at $1,600 with a $1.78 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
Town and Country Apartments2x12BR,1BA$1.78
The Douglas2x1 Davis2BR,1BA$2.13
Downtown Living Starts At Lair Hill1x11BR,1BA$1.82
Terwilliger1 x 11BR,1BA$1.63
The Matisse01F1Studio ,1BA$2.13
Fulton Park ApartmentsFulton 1 Bedroom Downstairs1BR,1BA$2.08
Harborview Apartments1BR/1.0BA1BR,1BA$1.91
WaterleafStudio-60%Studio ,1BA$2.13
Acqua ApartmentsStudioStudio ,1BA$2.12

Quick Rent Budget Calculator

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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 $1,365.

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 $2,882.

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 $295 which is $2,587 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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.