
Apartments for Rent with Specials in the South Portland Neighborhood of Portland, OR (14 Rentals)
Apartments in the South Portland area of Portland with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.


Total Monthly Price
Sanctuary

Osprey

Total Monthly Price
The Ardea Apartments

The Matisse

Griffis South Waterfront

Waterleaf
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

Terwilliger Terrace

Total Monthly Price
Ella

Total Monthly Price
Koz on 4th

Medina

Lair Hill Apartments

3926 S Water Ave

3922 S Water Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
South Portland, Portland, OR Local Guide

How much does it cost to rent an apartment in South Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Portland Studio Apartments | $1,404 | $470 | $2,316 |
| South Portland 1 Bedroom Apartments | $1,855 | $1,056 | $3,483 |
| South Portland 2 Bedroom Apartments | $2,640 | $1,264 | $6,155 |
| South Portland 3 Bedroom Apartments | $2,014 | $1,458 | $3,062 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the South Portland Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Top Portland Apartments in the South Portland Area with Move-In Specials Ending This Month
Specials updated: 08-18-2026Take advantage of these move-in and rent specials that are ending this month for top South Portland, OR apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
The Matisse
Receive 2 Months Free Base Rent + Look & Lease Bonus! Contact Leasing for Details.Expires August 19, 2026
The Ardea Apartments
Up to 4 weeks free on select units *Restrictions May ApplyExpires August 19, 2026
Ella
Up to 8 Weeks Free!* Contact us for more information! *Restrictions may apply.Expires August 19, 2026
Terwilliger Terrace
One month free on a 12 - 18 month lease*Expires August 19, 2026
Griffis South Waterfront
Up to eight weeks FREE on select homes! Call for details.Expires August 19, 2026
Osprey
Get up to 6 WEEKS FREE on select units! Schedule your tour today! *T&Cs ApplyExpires August 19, 2026
Sanctuary
Up to 2 weeks free base rent! Min. term & restrictions apply. Other costs & fees excluded.Expires August 19, 2026
Koz on 4th
Now offering up to 6 weeks FREE on select apartments!* -- *Restrictions apply. Ask our team for details!Expires August 19, 2026
The Dylan
Up to 8 weeks free base rent! Min. term & restrictions apply. Other costs & fees excluded. Offer may change.Expires August 19, 2026
Waterleaf
Offering TWO WEEKS FREE rent on any unit, and an additional two weeks of free rent if you apply within 48 hours of your tour!Expires August 19, 2026
Newly Listed Move-In Specials offers for Apartments in South Portland, OR
Specials updated: 08-18-2026Here are the most recently added special offers for renters looking to find the best deals on apartments in South Portland, OR. Be sure to take advantage of some of the area’s top offers.
Koz on 4th
Now offering up to 6 weeks FREE on select apartments!* -- *Restrictions apply. Ask our team for details!
Terwilliger Terrace
One month free on a 12 - 18 month lease*
Griffis South Waterfront
Up to eight weeks FREE on select homes! Call for details.
Osprey
Get up to 6 WEEKS FREE on select units! Schedule your tour today! *T&Cs Apply
Sanctuary
Up to 2 weeks free base rent! Min. term & restrictions apply. Other costs & fees excluded.
The Dylan
Up to 8 weeks free base rent! Min. term & restrictions apply. Other costs & fees excluded. Offer may change.
Waterleaf
Offering TWO WEEKS FREE rent on any unit, and an additional two weeks of free rent if you apply within 48 hours of your tour!
The Matisse
Receive 2 Months Free Base Rent + Look & Lease Bonus! Contact Leasing for Details.
The Ardea Apartments
Up to 4 weeks free on select units *Restrictions May Apply
Ella
Up to 8 Weeks Free!* Contact us for more information! *Restrictions may apply.
Frequently Asked Questions about Rent Specials South Portland Apartments
What is the Cheapest Rent Specials apartment in South Portland?
Currently the most affordable Rent Specials Apartment in South Portland is at Koz on 4th listed at $899.
How much is the average rent for a Rent Specials South Portland Apartment?
The average rent for a Rent Specials Apartment in South Portland is $2,156.
What is the largest Rent Specials South Portland Apartment for rent?
Today's Rent Specials apartment with the most square footage in South Portland is a 2,438 square feet unit starting from $1,641 at The Ardea Apartments.
What is the average size for South Portland Rent Specials Apartments for rent?
The average size for a Rent Specials rental in South Portland is currently at 525 sq ft.
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

From Arts to Eats: A Local Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.