Cheap Apartments for Rent in the South Waterfront Neighborhood of Portland, OR from $900 (58 Rentals)

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

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South Waterfront, Portland, OR Local Guide

Cheapest Available South Waterfront Apartments for Rent

 

The cheapest available apartment rental in the South Waterfront area of Portland, OR is a 2 Beds unit found at The Collective on 4th priced from $160. Stadium Station 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 ListingModel NameBed/BathPriced From
The Collective on 4th2x2 E2BR,2BA$160
Stadium StationStudio BStudio,1BA$900
Regency ApartmentsStudio AStudio,1BA$950
Koz on 13thStudioStudio,1BA$952
Clay & TiffanyStudio EStudio,1BA$999
Ongford ApartmentsStudioStudio,1BA$1,050
The VueThe PearlStudio,1BA$1,100
Tiller TerraceStudioStudio,1BA$1,100
MERX SlabtownStudio DStudio,1BA$1,149
The AmyBurnsideStudio,1BA$1,150

Best Value Apartments for Rent in South Waterfront, OR

As of August 04, 2025 the best value apartment in the South Waterfront area is the $2.45 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 $2,950. The second greatest value South Waterfront apartment is the Powder Model at Griffis South Waterfront starting at $2,651 with a $2.29 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 ListingModel NameBed/BathPrice Per Sq.Ft.
3601 sw river parkway, Unit 11183601 sw river parkway1BR,1BA$2.45
Griffis South WaterfrontPowder2BR,2BA$2.29
The Matisse22F12BR,2BA$2.46
Live in luxury at 11 Marché Apartments in SW Portland2x2 - Giotto - 8322BR,2BA$2.22
Modern New Construction 1BR/1.0BA1BR,1BA$1.97
735 St. ClairA41BR,1BA$2.16
WaterleafStudio-60%Studio ,1BA$2.13
East of ElevenKernsStudio ,1BA$2.42
Ongford ApartmentsStudioStudio ,1BA$2.14
Stadium StationStudio AStudio ,1BA$2.25

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Waterfront, Portland, OR

Ranked #24

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the South Waterfront Neighborhood in Portland, OR

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

96 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

75 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap South Waterfront Apartments

What is the Cheapest Studio apartment in South Waterfront?

Currently the most affordable Cheap Studio Apartment in South Waterfront is at Stadium Station listed at $900.

How much is rent for a Cheap One Bedroom South Waterfront Apartment?

The lowest price for a Cheap One Bedroom South Waterfront Apartment is $1,100 at Clay & Tiffany.

What is the lowest price for a Cheap Two Bedroom South Waterfront Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Waterfront is starting from $160 at The Collective on 4th.

What is the most affordable South Waterfront Three Bedroom Apartment?

The best deal on a cheap South Waterfront Three Bedroom Apartment rental is at Waterleaf and starts from $1,773.

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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.