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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 (39 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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$899 - $1,325
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$899 - $1,325
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$899 - $1,325
Koz on 4th
2211 SW 4th AvePortland, OR 97201
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$1,0001 Bedroom Apartments Available Jun 2
3418-3418 S Kelly Ave, Unit 3414
3418-3418 S Kelly AvePortland, OR 97239
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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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$1,200 - $1,475Studio to 1 Bedroom Apartments Available Now
Medina
2926 SW 4th AvePortland, OR 97239
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$1,200 - $3,230Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
6533 S Virginia Ave
PortlandOR97239
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Rent Specials
$1,249 - $1,4201 Bedroom Apartments Available Now
Terwilliger Terrace
7360 SW Barbur BlvdPortland, OR 97219
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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$1,295 - $3,653
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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 - $2,999
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,299 - $2,999
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The Douglas
1811 SW River DrPortland, OR 97201
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$1,345 - $2,547
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,345 - $2,547
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Sanctuary
4940 S Landing DrPortland, OR 97239
6015 S Virginia Ave
PortlandOR97239
3620-3622 S Kelly Ave
PortlandOR97239
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$1,350 - $1,699Studio to 1 Bedroom Apartments Available Now
Corbett Heights Apartments
SW Corbett AvePortland, OR 97239
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$1,429 - $10,000
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Studio to 2 Bedroom Apartments Available May 22Total Monthly Price
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$1,429 - $10,000
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Ella
3833 SW Bond AvePortland, OR 97239
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$1,440 - $2,130Studio to 2 Bedroom Apartments Available Now
The Emery Apartments
3155 S Moody AvePortland, OR 97239
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Studio to 1 Bedroom Apartments
Watergate Apartments
10 SW Porter StPortland, OR 97201
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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Studio to 1 Bedroom Apartments
Harborview Apartments
5 SW Whitaker StPortland, OR 97239
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Studio to 1 Bedroom Apartments
Modern New Construction - Minutes from Downtown PDX & OHSU
3727-3755 S Hood AvePortland, 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
5885 S Macadam Ave
PortlandOR97239
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Studio to 1 Bedroom Apartments
650 SW Sherman St
650 SW Sherman StPortland, OR 97201
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Studio to 2 Bedroom Apartments
Boathouse
0444 SW Boundary StPortland, 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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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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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
4314 Southwest View Point Ter
PortlandOR97239
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Studio to 2 Bedroom Apartments
Hoodview Apartments
329 S Whitaker StPortland, OR 97239
2333 SW 6th Ave
PortlandOR97201
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1 to 2 Bedroom Apartments
4210-4230 SW View Point Ter
4210-4230 SW View Point TerPortland, 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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Studio to 2 Bedroom Apartments
Lair Hill
3030-3032 SW Fourth AvePortland, OR 97201
22 S Meade St
PortlandOR97201
3425 SW Barbur Blvd
PortlandOR97239
Showing Results 1-39, 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 | $1,306 | $470 | $2,056 |
| South Portland 1 Bedroom Apartments | $1,833 | $1,056 | $3,240 |
| South Portland 2 Bedroom Apartments | $2,820 | $1,264 | $7,180 |
| South Portland 3 Bedroom Apartments | $1,910 | $1,458 | $2,999 |
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 39 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. Harborview Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $945. 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 |
| Harborview Apartments | 0BR/1.0BA | Studio,1BA | $945 |
| Koz on 4th | Essential Studio | Studio,1BA | $946 |
| Modern New Construction - Minutes from Downtown PDX & OHSU | 0BR/1.0BA | Studio,1BA | $1,000 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Medina | 0x1 | Studio,1BA | $1,200 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1,249 |
| The Douglas | Studio Irving | Studio,1BA | $1,299 |
| Sanctuary | Landing C | Studio,1BA | $1,345 |
| Corbett Heights Apartments | 0 x 1 - 518 SF | Studio,1BA | $1,350 |
Best Value Apartments for Rent in South Portland, OR
As of May 20, 2026 the best value apartment in the South Portland area is the $2.03 price per square foot Townhome – 2 Bedroom 2.5 Bath and attached garage Model at Sophia's View — Condo-Style 2BR/2BA Flats & Townhomes in South Portland in the in the Southwest Portland neighborhood starting from $4,200. The second greatest value South Portland apartment is the 131 SW Hooker St Model at 131 SW Hooker St, Unit 131 starting at $2,075 with a $1.89 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 — Condo-Style 2BR/2BA Flats & Townhomes in South Portland | Townhome – 2 Bedroom 2.5 Bath and attached garage | 2BR,2.5BA | $2.03 |
| 131 SW Hooker St, Unit 131 | 131 SW Hooker St | 2BR,1BA | $1.89 |
| Cascade Vista | Two Bedroom A | 2BR,1BA | $1.75 |
| The Matisse | 11F1 | 1BR,1BA | $2.00 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1.67 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.83 |
| The Dylan | A4.2 | 1BR,1BA | $2.66 |
| Gray's Landing | studio | Studio ,1BA | $1.70 |
| Corbett Heights Apartments | 0 x 1 - 528 SF | Studio ,1BA | $2.70 |
| The Douglas | Studio Irving | Studio ,1BA | $2.95 |
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 Article
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.
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!
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 $1,350.
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 $2,520.
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 48 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 $464 which is $2,056 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.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.