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Cheap Apartments for Rent in the South Portland Neighborhood of Portland, OR from $800 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Portland area of Portland.
3932 S Water Ave
PortlandOR97239
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from $1,045Studio to 3 Bedroom Apartments Available Now
Greenbriar Village
5132 SW Slavin RdPortland, OR 97239
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from $1,125Studio to 3 Bedroom Apartments Available Now
Acqua
2615 S Water AvePortland, OR 97201
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from $1,295Studio to 2 Bedroom Apartments Available Now
The Dylan
3883 S Moody AvePortland, OR 97239
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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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Rent Specials
from $1,3001 Bedroom Apartments Available Jul 10
Medina
2926 SW 4th AvePortland, OR 97239
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from $1,300Studio to 2 Bedroom Apartments Available Now
Sanctuary Apartments
4940 S Landing DrPortland, OR 97239
4937 S Corbett Ave
PortlandOR97239
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Rent Specials
from $1,388Studio to 4 Bedroom Apartments Available Now
The Douglas
1811 SW River DrPortland, OR 97201
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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from $1,440Studio to 1 Bedroom Apartments Available Now
Urban Living, Elevated Comfort
3155 S Moody AvePortland, OR 97239
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Rent Specials
from $1,4951 Bedroom Apartments Available Now
Downtown Living Starts At Lair Hill
3030-3032 SW Fourth AvePortland, OR 97201
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from $1,515Studio to 2 Bedroom Apartments Available Now
The Olivia
3850 S Bond AvePortland, OR 97239
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from $1,570Studio to 2 Bedroom Apartments Available Jun 28
The Matisse
677 S Lowell StPortland, OR 97239
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from $1,600Studio to 2 Bedroom Apartments Available Now
Ella
3833 SW Bond AvePortland, OR 97239
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from $1,686Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
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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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Showing Results 1-29, 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 | $1,520 | $958 | $7,557 |
| South Portland 1 Bedroom Apartments | $2,069 | $1,129 | $7,578 |
| South Portland 2 Bedroom Apartments | $3,401 | $1,440 | $10,000+ |
| South Portland 3 Bedroom Apartments | $3,246 | $1,773 | $7,270 |
Browse Apartments in this Neighborhood
There are currently 29 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $958. Acqua has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. 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 | $958 |
| Acqua | Studio | Studio,1BA | $1,125 |
| Greenbriar Village | Large One Bedroom | 1BR,1BA | $1,170 |
| Waterleaf | Studio-60% | Studio,1BA | $1,220 |
| Sanctuary Apartments | Hamilton A | Studio,1BA | $1,300 |
| Hoodview Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,325 |
| Terwilliger | 1 x 1 F | 1BR,1BA | $1,349 |
| The Douglas | Studio Irving | Studio,1BA | $1,388 |
| Boathouse | Studio B | Studio,1BA | $1,413 |
| Urban Living, Elevated Comfort | B | 455sf | Studio,1BA | $1,440 |
Best Value Apartments for Rent in South Portland, OR
As of June 25, 2025 the best value apartment in the South Portland area is the $2.17 price per square foot 2 bedroom 2 bath flat small Model at Sophia's View in the in the Southwest Portland neighborhood starting from $3,250. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sophia's View | 2 bedroom 2 bath flat small | 2BR,2BA | $2.17 |
| 3601 sw river parkway, Unit 1118 | 3601 sw river parkway | 1BR,1BA | $2.45 |
| Downtown Living Starts At Lair Hill | 1x1 | 1BR,1BA | $1.82 |
| The Ardea Apartments | Studio - Douglas Fir - 784 | Studio ,1BA | $3.01 |
| The Dylan | A10 A | 1BR,1BA | $3.03 |
| Terwilliger | 1 x 1 F | 1BR,1BA | $1.80 |
| Ella | A12 | 1BR,1BA | $2.53 |
| Greenbriar Village | Large One Bedroom | 1BR,1BA | $2.00 |
| Waterleaf | Studio-60% | Studio ,1BA | $2.13 |
| Boathouse | Studio B | Studio ,1BA | $2.85 |
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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 $1,440.
What is the price of a cheap apartment in South Portland?
The cheapest apartment in South Portland is Greenbriar Village which is listed at $1,170, while the average apartment in South Portland costs $3,011.
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 $221 which is $2,790 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.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.