3712 S Kelly Ave
PortlandOR97239
Cheap Homes for Rent in South Portland Neighborhood of Portland, OR from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the South Portland area of Portland.
5885 S Macadam Ave
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.
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$1,4952 Bedroom Apartments Available Now
4900-4902 SW Slavin Rd
4900-4902-4902 SW Slavin RdPortland, OR 97239
3601 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.
3610 S Kelly Ave
PortlandOR97239
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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 | $2,261 | $1,295 | $2,995 |
| South Portland 3 Bedroom Homes for Rent | $3,138 | $2,400 | $3,840 |
| South Portland 4 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Koz on 4th priced from $941. Waterleaf has the second lowest priced unit, which is a Studio apartment currently listed from $999. 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 | $941 |
| Waterleaf | Studio-60% | Studio,1BA | $999 |
| Acqua Apartments - Student Affordable | Studio | Studio,1BA | $1,005 |
Best Value Apartments for Rent in South Portland, OR
As of November 14, 2025 the best value apartment in the South Portland area is the $2.17 price per square foot 2 bedroom 2 bath flat large Model at Sophia's View in the in the Southwest Portland neighborhood starting from $3,490. The second greatest value South Portland apartment is the 131 SW Hooker St Model at 131 SW Hooker St, Unit 131 starting at $2,175 with a $1.98 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 large | 2BR,2BA | $2.17 |
| 131 SW Hooker St, Unit 131 | 131 SW Hooker St | 2BR,1BA | $1.98 |
| The Matisse | 22F1 | 2BR,2BA | $2.05 |
| 5830 S Kelly Ave, Unit #1 | 5830 S Kelly Ave | 2BR,1BA | $1.80 |
| Hoodview Apartments | 2BR/1.0BA | 2BR,1BA | $1.87 |
| Modern New Construction | 1BR/1.0BA | 1BR,1BA | $1.79 |
| Waterleaf | Studio-60% | Studio ,1BA | $1.74 |
| Ella | S1.1 | Studio ,1BA | $2.34 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
| Koz on 4th | Studio | Studio ,1BA | $2.64 |
Frequently Asked Questions about South Portland
What type of rentals are currently available in South Portland?
There are currently 123 Apartments for Rent in South Portland, OR with pricing that ranges from $941 to $9,214. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,295 to $3,840.
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 $3,840 with an average monthly rent of $2,463.
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 $1,773 to $6,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $3,840. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $4,617.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.