close
View Me
$470 - $1,458Studio to 3 Bedroom Apartments Contact Us For Availability
The Vera
2045 SW River PkyPortland, OR 97201
Cheap Apartments for Rent in the South Waterfront Neighborhood of Portland, OR from $400 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Waterfront area of Portland.
close
View Me
Rent Specials
$480 - $1,798Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
close
View Me
Rent Specials
$900 - $1,000Studio Apartments Available Now
Regency Apartments
1410 SW BroadwayPortland, OR 97201
close
View Me
$978 - $1,506Studio to 3 Bedroom Apartments Available Now
The Vue
1717 SW Park AvePortland, OR 97201
close
View Me
Rent Specials
$999 - $1,249Studio Apartments Available Now
Park Avenue Apartments
2059 SW Park AvePortland, OR 97201
close
View Me
Rent Specials
$1,050 - $1,200Studio to 1 Bedroom Apartments Available Now
Ongford Apartments
1417 SW 10th AvePortland, OR 97201
close
View Me
Rent Specials
$1,144 - $2,235
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,144 - $2,235
Total Monthly Price
Varies
Grand Belmont
514 SE Belmont StPortland, OR 97214
close
View Me
$1,175 - $1,515Studio to 1 Bedroom Apartments Available Now
The Woods on Marquam Hill
1311 SW Gibbs StPortland, OR 97239
close
View Me
Rent Specials
$1,199 - $3,237Studio to 3 Bedroom Apartments Available Now
Brookland
4225 SE Milwaukie AvePortland, OR 97202
close
View Me
$1,250 - $1,275Studio to 2 Bedroom Apartments Available Now
20 Pettygrove
1976 NW Pettygrove StPortland, OR 97209
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.
close
View Me
Rent Specials
$1,275 - $2,299Studio to 2 Bedroom Apartments Available Now
11 Marché Apartments
1115 SW Market StPortland, OR 97201
close
View Me
$1,275 - $2,950
Total Monthly Price
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,275 - $2,950
Total Monthly Price
Varies
The Douglas
1811 SW River DrPortland, OR 97201
close
View Me
Rent Specials
$1,291 - $3,000Studio to 2 Bedroom Apartments Available Now
Hassalo on Eighth
1061 NE 9th AvePortland, OR 97232
close
View Me
Rent Specials
$1,295 - $3,653
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $3,653
Total Monthly Price
Varies
The Dylan
3883 S Moody AvePortland, OR 97239
close
View Me
Rent Specials
$1,299 - $1,900Studio to 1 Bedroom Apartments Available Sep 5
The Marilyn
2390 SE Hawthorne BlvdPortland, OR 97214
close
View Me
Rent Specials
$1,356 - $3,013Studio to 2 Bedroom Apartments Available Now
Burnside 26
2625 E Burnside StPortland, OR 97214
close
View Me
Rent Specials
$1,359 - $10,000
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,359 - $10,000
Total Monthly Price
Varies
Ella
3833 SW Bond AvePortland, OR 97239
close
View Me
Rent Specials
$1,370 - $2,772
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,370 - $2,772
Total Monthly Price
Varies
Sanctuary
4940 S Landing DrPortland, OR 97239
close
View Me
Rent Specials
$1,377 - $4,751
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,377 - $4,751
Total Monthly Price
Varies
Portland Astoria
140 SW Columbia StPortland, OR 97201
close
View Me
Rent Specials
$1,399 - $3,125
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,399 - $3,125
Total Monthly Price
Varies
Holloway
2050 Northeast Pacific StreetPortland, OR 97232
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.
close
View Me
Rent Specials
$1,400 - $3,070Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
close
View Me
$1,400 - $1,699Studio to 1 Bedroom Apartments Available Now
Corbett Heights Apartments
SW Corbett AvePortland, OR 97239
close
View Me
$1,400 - $2,639Studio to 3 Bedroom Apartments Available Jul 28
Sunshine Portland
3650 SE 29th AvePortland, OR 97202
close
View Me
Rent Specials
$1,446 - $3,275
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,446 - $3,275
Total Monthly Price
$1,446 - $3,275
Yard
22 NE 2nd AvePortland, OR 97232
close
View Me
Rent Specials
$1,449 - $1,649Studio to 1 Bedroom Apartments Available Now
East of Eleven
310 SE 12th AvePortland, OR 97214
close
View Me
Rent Specials
$1,449 - $2,984Studio to 2 Bedroom Apartments Available Now
The Weidler
1784 NW Northrup StPortland, OR 97209
close
View Me
Rent Specials
$1,455 - $8,630
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,455 - $8,630
Total Monthly Price
Varies
Byline Apartments
1640 SW Yamhill StPortland, OR 97205
close
View Me
$1,482 - $1,557Studio to 2 Bedroom Apartments Available Now
Meetinghouse
1630 SE Rural StPortland, OR 97202
close
View Me
$1,493 - $2,361
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,493 - $2,361
Total Monthly Price
Varies
Uptown NW Collection
2240-2250 NW Lovejoy StPortland, OR 97210
close
View Me
Rent Specials
$1,504 - $10,000
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,504 - $10,000
Total Monthly Price
$1,504 - $10,000
Akoya
1430 NW Hoyt StPortland, OR 97209
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
close
View Me
Rent Specials
$1,522 - $8,435
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,522 - $8,435
Total Monthly Price
Varies
ART Tower
1510 SW Alder StPortland, OR 97205
close
View Me
Rent Specials
$1,531 - $3,012Studio to 2 Bedroom Apartments Available Now
Asa Flats and Lofts
1200 NW Marshall StPortland, OR 97209
close
View Me
Rent Specials
$1,544 - $3,985
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,544 - $3,985
Total Monthly Price
Varies
Millhouse
1985-1988 NW Savier StPortland, OR 97209
close
View Me
Rent Specials
$1,550 - $3,550Studio to 2 Bedroom Apartments Available Now
Slabtown Square
2070 NW Quimby StPortland, OR 97209
close
View Me
Rent Specials
$1,552 - $10,826
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,552 - $10,826
Total Monthly Price
Varies
Sawbuck
1725 SW Salmon StPortland, OR 97205
close
View Me
Rent Specials
$1,556 - $2,674
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,556 - $2,674
Total Monthly Price
$1,556 - $2,674
Collective on 4th
1818 SW 4th AvePortland, OR 97201
close
View Me
Rent Specials
$1,580 - $1,775
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,580 - $1,775
Total Monthly Price
Varies
mResidences Portland Pearl District
1155 NW Everett StPortland, OR 97209
close
View Me
$1,589 - $3,405
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,589 - $3,405
Total Monthly Price
Varies
NV Apartments
1261 NW Overton StPortland, OR 97209
close
View Me
$1,599 - $4,1871 to 2 Bedroom Apartments Available Now
The Parker
1447 NW 12th AvePortland, OR 97209
close
View Me
Rent Specials
$1,620 - $3,618Studio to 2 Bedroom Apartments Available Now
Gossamer
255 NW 10th AvePortland, OR 97209
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
close
View Me
Rent Specials
$1,662 - $3,6551 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
close
View Me
Rent Specials
$1,665 - $3,515Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
close
View Me
Rent Specials
$1,675 - $2,400
Total Monthly Price
1 to 2 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$1,675 - $2,400
Total Monthly Price
$1,675 - $2,400
Slate Apartments
124 NE 3rd AvePortland, OR 97232
close
View Me
Rent Specials
$1,690 - $5,089Studio to 2 Bedroom Apartments Available Now
Kearney Plaza
931 NW 11th AvePortland, OR 97209
close
View Me
Rent Specials
$1,700 - $4,9501 to 2 Bedroom Apartments Available Now
Burlington Tower
900 NW Lovejoy StPortland, OR 97209
close
View Me
Rent Specials
$1,719 - $4,5001 to 2 Bedroom Apartments Available Now
The Louisa Apartments
123 NW 12th AvePortland, OR 97209
close
View Me
Rent Specials
$1,756 - $7,180
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,756 - $7,180
Total Monthly Price
Varies
The Ardea Apartments
3720 SW Bond AvePortland, OR 97239
close
View Me
$1,875 - $2,9351 to 3 Bedroom Apartments Available Now
Marquam Heights
3158 SW 12th AvePortland, OR 97239
close
View Me
Rent Specials
$1,899 - $1,9991 Bedroom Apartments Available Now
Atomic Orchard Experiment
2510 NE Sandy BlvdPortland, OR 97232
close
View Me
$2,055 - $2,2692 Bedroom Apartments Available Sep 11
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Showing Results 1-50, Page 1 of 2
South Waterfront, Portland, OR Local Guide
How much does it cost to rent an apartment in South Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Waterfront Studio Apartments | $1,509 | $470 | $6,083 |
| South Waterfront 1 Bedroom Apartments | $2,035 | $1,056 | $6,484 |
| South Waterfront 2 Bedroom Apartments | $3,203 | $1,264 | $8,630 |
| South Waterfront 3 Bedroom Apartments | $2,077 | $1,458 | $2,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 62 rentals with your search options within a 2 mile radius of the South Waterfront Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
South Waterfront, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available South Waterfront Apartments for Rent
The cheapest available apartment rental in the South Waterfront area of Portland, OR is a Studio unit found at Waterleaf priced from $480. Regency Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable South Waterfront apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| Regency Apartments | Studio A | Studio,1BA | $900 |
| The Vue | The Pearl | Studio,1BA | $978 |
| Park Avenue Apartments | Studio | Studio,1BA | $999 |
| Ongford Apartments | Studio | Studio,1BA | $1,050 |
| Grand Belmont | Studio | Studio,1BA | $1,144 |
| The Woods on Marquam Hill | Studio B | Studio,1BA | $1,175 |
| Brookland | Studio, 1 Bathroom | Studio,1BA | $1,199 |
| 20 Pettygrove | Raleigh | Studio,1BA | $1,250 |
| The Douglas | Studio Irving | Studio,1BA | $1,275 |
Best Value Apartments for Rent in South Waterfront, OR
As of July 26, 2026 the best value apartment in the South Waterfront area is the $2.37 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 $2,850. The second greatest value South Waterfront apartment is the Three Bedroom Model at Marquam Heights starting at $2,935 with a $2.46 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for South Waterfront 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 | $2.37 |
| Marquam Heights | Three Bedroom | 3BR,2BA | $2.46 |
| Sanctuary | Macadam C | 2BR,2BA | $2.55 |
| The Matisse | 11L1 | 1BR,1BA | $2.42 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.90 |
| East of Eleven | Buckman | 1BR,1BA | $2.42 |
| Ella | S1.1 | Studio ,1BA | $2.56 |
| Ongford Apartments | Studio | Studio ,1BA | $2.14 |
| Grand Belmont | Studio | Studio ,1BA | $2.50 |
| The Vue | The Pearl | Studio ,1BA | $2.52 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the South Waterfront area?
If you’re an expert on all things South Waterfront, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleSouth Waterfront, Portland, OR
Ranked #24
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap South Waterfront Apartments
What is a cheap apartment in South Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Waterfront is under $1,275.
What is the price of a cheap apartment in South Waterfront?
The cheapest apartment in South Waterfront is The Vue which is listed at $1,269, while the average apartment in South Waterfront costs $2,929.
What types of apartments are the cheapest in South Waterfront?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 63 regular apartments in South Waterfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Waterfront?
Cheap apartments in South Waterfront have an average cost of $506 which is $2,423 cheaper than the average rent for all rentals in South Waterfront.
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.
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.