0225 S Hamilton St
PortlandOR97239
Cheap Homes for Rent in South Portland Neighborhood of Portland, OR from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the South Portland area of Portland.
3712 S Kelly Ave
PortlandOR97239
4314 Southwest View Point Ter
PortlandOR97239
2333 SW 6th Ave
PortlandOR97201
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.
3030 SW 4th Ave
PortlandOR97201
22 S Meade St
PortlandOR97201
5885 S Macadam Ave
PortlandOR97239
3425 SW Barbur Blvd
PortlandOR97239
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.
Showing Results 1-8, Page 1 of 1
South Portland, Portland, OR Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in South Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Portland 2 Bedroom Homes for Rent | $2,611 | $1,345 | $4,000 |
| South Portland 3 Bedroom Homes for Rent | $3,728 | $3,095 | $4,895 |
| South Portland 4 Bedroom Homes for Rent | $3,595 | $3,595 | $3,595 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the South Portland Neighborhood of Portland, OR.
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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 |
Best Value Apartments for Rent in South Portland, OR
As of May 02, 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 |
| The Matisse | 22F1 | 2BR,2BA | $2.18 |
| Cascade Vista | Three Bedroom A | 3BR,1.5BA | $2.47 |
| Lair Hill | 1x1 | 1BR,1BA | $1.82 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1.67 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.64 |
| Corbett Heights Apartments | 0 x 1 - 518 SF | Studio ,1BA | $2.61 |
| Gray's Landing | studio | Studio ,1BA | $2.17 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
Frequently Asked Questions about South Portland
What type of rentals are currently available in South Portland?
There are currently 125 Apartments for Rent in South Portland, OR with pricing that ranges from $470 to $7,065. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,295 to $4,895.
What is the current price range for Rental Homes in South Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Portland ranges from $1,295 to $4,895 with an average monthly rent of $2,655.
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.
Articles, How-To's, and Tips
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.