772 SW Broadway Dr
PortlandOR97201
Cheap Homes for Rent in the South Portland Neighborhood of Portland, OR from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the South Portland area of Portland.
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$1,4952 Bedroom Apartments Available Now
3719 S Hood Ave, Unit B
3719 S Hood AvePortland, OR 97239
2803 SW 1st Ave
PortlandOR97201
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.
5885 S Macadam Ave
PortlandOR97239
3601 S River Pky, Unit 1316
3601 S River Pky
PortlandOR97239
3419 SW Naito Pkwy
PortlandOR97239
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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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 | $2,748 | $1,700 | $4,450 |
| South Portland 3 Bedroom Homes for Rent | $3,133 | $2,525 | $4,000 |
| South Portland 4 Bedroom Homes for Rent | $4,028 | $3,895 | $4,195 |
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 6 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 3727 SW Hood priced from $1,025. Medina has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable South Portland apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3727 SW Hood | 0BR/1.0BA | Studio,1BA | $1,025 |
| Medina | 0x1 | Studio,1BA | $1,200 |
| Waterleaf | Studio | Studio,1BA | $1,246 |
Best Value Apartments for Rent in South Portland, OR
As of August 18, 2026 the best value apartment in the South Portland area is the $2.28 price per square foot 3601 sw river parkway Model at 3601 sw river parkway, Unit 1118 in the in the Southwest Portland neighborhood starting from $2,750. The second greatest value South Portland apartment is the 1 x 1 F Model at Terwilliger Terrace starting at $1,399 with a $1.87 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. |
|---|---|---|---|
| 3601 sw river parkway, Unit 1118 | 3601 sw river parkway | 1BR,1BA | $2.28 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1.87 |
| Vista View | 2 Beds, 1 Baths | 2BR,1BA | $2.46 |
| Boathouse | 1 Bed D | 1BR,1BA | $2.53 |
| Sanctuary | Landing W | 1BR,1BA | $2.58 |
| The Dylan | A6 A | 1BR,1BA | $2.52 |
| #185-4130 SW View Point Terrace | 1BR/1.0BA | 1BR,1BA | $1.84 |
| The Matisse | 01F1 | Studio ,1BA | $2.05 |
| Waterleaf | Studio | Studio ,1BA | $2.17 |
| Corbett Heights Apartments | 0 x 1 - 528 SF | Studio ,1BA | $2.46 |
Frequently Asked Questions about South Portland
What type of rentals are currently available in South Portland?
There are currently 130 Apartments for Rent in South Portland, OR with pricing that ranges from $470 to $6,155. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,295 to $4,450.
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 $4,450 with an average monthly rent of $2,553.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.