Cheap Homes for Rent in South Portland Neighborhood of Portland, OR from $1,300 (9 Rentals)

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

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.

property at 3570 S River Pkwy

$1,850 - $2,150

Studio To 1 Bedroom Rentals

Available Feb 6

3570 S River Pkwy

PortlandOR97239

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.

property at 3601 S River Pkwy

$1,500 - $2,200

Studio To 1 Bedroom Rentals

Available Now

3601 S River Pkwy

PortlandOR97239

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 $997. Acqua Apartments - Student Affordable has the second lowest priced unit, which is a Studio apartment currently listed from $1,005. Here are the most affordable South Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$997
Acqua Apartments - Student AffordableStudioStudio,1BA$1,005
Harborview Apartments1BR/1.0BA1BR,1BA$1,175

Best Value Apartments for Rent in South Portland, OR

As of January 15, 2026 the best value apartment in the South Portland area is the $2.06 price per square foot #202 - 2 Bedroom 2 Bath with one garage parking... Model at Sophia's View — Condo-Style 2BR/2BA Flats & Townhomes in South Portland in the in the Southwest Portland neighborhood starting from $3,099. 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 View — Condo-Style 2BR/2BA Flats & Townhomes in South Portland#202 - 2 Bedroom 2 Bath with one garage parking...2BR,2BA$2.06
Town and Country Apartments2x12BR,1BA$1.78
Lair Hill1x11BR,1BA$1.70
Terwilliger1 x 1 F1BR,1BA$1.70
Cascade VistaOne Bedroom C1BR,1BA$1.93
Modern New Construction - Minutes from Downtown PDX & OHSU1BR/1.0BA1BR,1BA$1.87
The Matisse01F1Studio ,1BA$1.97
Harborview Apartments1BR/1.0BA1BR,1BA$2.32
Hoodview ApartmentsStudioStudio ,1BA$2.10
Acqua Apartments - Student AffordableStudioStudio ,1BA$2.31

Frequently Asked Questions about South Portland

What type of rentals are currently available in South Portland?

There are currently 126 Apartments for Rent in South Portland, OR with pricing that ranges from $995 to $9,214. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,395 to $4,650.

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 $1,395 to $4,650 with an average monthly rent of $2,917.

How much are larger Three and Four Bedroom Rentals in South Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Portland range from $1,950 to $6,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $3,840. Four Bedroom Single-Family rentals are also available starting from $4,650 and Four Bedroom Apartments start at $3,334.

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

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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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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!