6128 S Corbett Ave
PortlandOR97239
Cheap Homes for Rent in South Portland Neighborhood of Portland, OR from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the South Portland area of Portland.
3712 S Kelly Ave
PortlandOR97239
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.
0225 S Hamilton St
PortlandOR97239
22 S Meade St
PortlandOR97201
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.
2803 SW 1st Ave
PortlandOR97201
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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 | $2,800 | $2,200 | $3,400 |
| South Portland 3 Bedroom Homes for Rent | $3,629 | $3,195 | $4,499 |
| South Portland 4 Bedroom Homes for Rent | $4,995 | $4,995 | $4,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 Waterleaf priced from $480. Koz on 4th has the second lowest priced unit, which is a Studio apartment currently listed from $996. 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 |
| Koz on 4th | Essential Studio | Studio,1BA | $996 |
| Acqua Apartments - Student Affordable | Studio | Studio,1BA | $1,005 |
Best Value Apartments for Rent in South Portland, OR
As of June 26, 2026 the best value apartment in the South Portland area is the $2.07 price per square foot 22F1 Model at The Matisse in the in the Southwest Portland neighborhood starting from $2,255. The second greatest value South Portland apartment is the 1 x 1 F Model at Terwilliger Terrace starting at $1,249 with a $1.67 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. |
|---|---|---|---|
| The Matisse | 22F1 | 2BR,2BA | $2.07 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1.67 |
| Ella | A12 | 1BR,1BA | $2.35 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.83 |
| 3727 SW Hood | 1BR/1.0BA | 1BR,1BA | $2.13 |
| 4210-4230 SW View Point Ter | 1BR/1.0BA | 1BR,1BA | $2.32 |
| Gray's Landing | studio | Studio ,1BA | $1.70 |
| Cascade Vista | One Bedroom B | 1BR,1BA | $2.25 |
| Corbett Heights Apartments | 0 x 1 - 518 SF | Studio ,1BA | $2.51 |
| 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 127 Apartments for Rent in South Portland, OR with pricing that ranges from $470 to $8,500. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,295 to $4,995.
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 $4,995 with an average monthly rent of $2,935.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.