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$875 - $990Studio Apartments Available Now
Regency Apartments
1410 SW BroadwayPortland, OR 97201
Cheap Apartments for Rent in the South Waterfront Neighborhood of Portland, OR from $800 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Waterfront area of Portland.
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$895 - $1,350Studio Apartments Available Now
The Amy
2031 SW 10th AvePortland, OR 97201
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$965 - $2,194
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$961 - $2,190
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$4
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$965 - $2,194
Park Plaza
1969 SW Park AvePortland, OR 97201
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$975 - $1,400Studio to 1 Bedroom Apartments Available Now
Ongford Apartments
1417 SW 10th AvePortland, OR 97201
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$999 - $1,710Studio to 2 Bedroom Apartments Available Now
Derby Slabtown
1075 NW 16th StPortland, OR 97209
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$1,039 - $2,057Studio to 3 Bedroom Apartments Available Now
The Vue
1717 SW Park AvePortland, OR 97201
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$1,155 - $2,684Studio to 3 Bedroom Apartments Available Now
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
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$1,224 - $2,599
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,214 - $2,589
Required Monthly Fees
$10
Total Monthly Price
$1,224 - $2,599
Grand Belmont
514 SE Belmont StPortland, OR 97214
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$1,225 - $2,145Studio to 2 Bedroom Apartments Available Now
The Woods on Marquam Hill
1311 SW Gibbs StPortland, OR 97239
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$1,236 - $2,754
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,236 - $2,754
Total Monthly Price
$1,236 - $2,754
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
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$1,245 - $3,045Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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$1,246 - $3,000Studio to 2 Bedroom Apartments Available Now
Hassalo on Eighth
1061 NE 9th AvePortland, OR 97232
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$1,271 - $5,366
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,271 - $5,366
Total Monthly Price
$1,271 - $5,366
Sawbuck
1725 SW Salmon StPortland, OR 97205
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$1,280 - $5,822Studio to 2 Bedroom Apartments Available Now
Burnside 26
2625 E Burnside StPortland, OR 97214
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$1,285 - $2,695Studio to 2 Bedroom Apartments Available Now
DOCK 59 APARTMENTS
1315 NW Johnson StPortland, OR 97209
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$1,290 - $3,606Studio to 2 Bedroom Apartments Available Now
Slabtown Square
2070 NW Quimby StPortland, OR 97209
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$1,295 - $3,253
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $3,253
Total Monthly Price
$1,295 - $3,253
The Dylan
3883 S Moody AvePortland, OR 97239
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$1,299 - $7,644
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,299 - $7,644
Total Monthly Price
$1,299 - $7,644
Ella
3833 SW Bond AvePortland, OR 97239
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$1,299 - $1,599Studio to 1 Bedroom Apartments Available Now
The Emery
3155 S Moody AvePortland, OR 97239
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$1,320 - $1,995Studio to 1 Bedroom Apartments Contact Us For Availability
The Marilyn
2390 SE Hawthorne BlvdPortland, OR 97214
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.
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$1,320 - $3,850Studio to 3 Bedroom Apartments Available Now
Collective on 4th
1818 SW 4th AvePortland, OR 97201
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$1,325 - $2,250
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,325 - $2,250
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$1,325 - $2,250
mResidences Portland Pearl District
1155 NW Everett StPortland, OR 97209
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$1,339 - $2,492
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,339 - $2,492
Total Monthly Price
$1,339 - $2,492
735 St. Clair
735 SW Saint Clair AvePortland, OR 97205
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$1,340 - $3,334
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,340 - $3,334
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$1,340 - $3,334
The Douglas
1811 SW River DrPortland, OR 97201
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$1,346 - $2,849
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,334 - $2,837
Required Monthly Fees
$12
Total Monthly Price
$1,346 - $2,849
Asa Flats and Lofts
1200 NW Marshall StPortland, OR 97209
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$1,368 - $3,793
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,368 - $3,793
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$1,368 - $3,793
Cyan/PDX
1720 SW 4th AvePortland, OR 97201
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$1,370 - $3,160
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$1,370 - $3,160
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$1,370 - $3,160
Holloway
2050 Northeast Pacific StreetPortland, OR 97232
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$1,370 - $2,235Studio to 2 Bedroom Apartments Available Now
Skylar Grand
465 NE Davis StPortland, OR 97232
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$1,370 - $3,567
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,357 - $3,554
Required Monthly Fees
$13
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$1,370 - $3,567
Osprey
3750 S River PkyPortland, OR 97239
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$1,399 - $1,599Studio to 1 Bedroom Apartments Available Now
East of Eleven
310 SE 12th AvePortland, OR 97214
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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$1,420 - $4,298Studio to 2 Bedroom Apartments Available Now
Gossamer
255 NW 10th AvePortland, OR 97209
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$1,424 - $1,700Studio to 2 Bedroom Apartments Available Now
Union
304 NE Multnomah StPortland, OR 97232
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$1,435 - $3,059Studio to 2 Bedroom Apartments Available Now
The Weidler
1784 NW Northrup StPortland, OR 97209
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$1,437 - $4,357Studio to 2 Bedroom Apartments Available Now
Kearney Plaza
931 NW 11th AvePortland, OR 97209
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$1,439 - $3,265
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,439 - $3,265
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$1,439 - $3,265
The Olivia
3850 S Bond AvePortland, OR 97239
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$1,459 - $4,210
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$1,384 - $4,135
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$75
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$1,459 - $4,210
Millhouse
1985-1988 NW Savier StPortland, OR 97209
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$1,461 - $6,118
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,461 - $6,118
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$1,461 - $6,118
Alta Art Tower
1510 SW Alder StPortland, OR 97205
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$1,466 - $3,953Studio to 2 Bedroom Apartments Available Now
Park Avenue West
750 SW 9th AvePortland, OR 97205
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$1,477 - $7,184
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$1,477 - $7,184
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$1,477 - $7,184
Portland Astoria
140 SW Columbia StPortland, OR 97201
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$1,480 - $2,369Studio to 3 Bedroom Apartments Available Now
Sunshine Portland
3650 SE 29th AvePortland, OR 97202
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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$1,495 - $10,000Studio to 2 Bedroom Apartments Available Now
Akoya
1430 NW Hoyt StPortland, OR 97209
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$1,510 - $2,3001 to 2 Bedroom Apartments Available Now
11 Marché Apartments
1115 SW Market StPortland, OR 97201
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$1,551 - $2,745Studio to 2 Bedroom Apartments Available Now
Yard
22 NE 2nd AvePortland, OR 97232
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$1,593 - $4,035
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,593 - $4,035
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$1,593 - $4,035
The Frankie
3260 SE Milwaukie AvePortland, OR 97202
3717 S Corbett Ave
PortlandOR97239
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$1,600
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,600
Total Monthly Price
$1,600
3206 S Kelly Ave
3206 S Kelly AvePortland, OR 97239
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$1,630 - $8,930Studio to 2 Bedroom Apartments Available Now
Byline
1640 SW Yamhill StPortland, OR 97205
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$1,649 - $4,5001 to 2 Bedroom Apartments Available Now
The Louisa Apartments
123 NW 12th AvePortland, OR 97209
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$1,666 - $3,918
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,666 - $3,918
Total Monthly Price
$1,666 - $3,918
5 MLK
5 SE Martin Luther King Jr BlvdPortland, OR 97214
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$1,740 - $4,9501 to 2 Bedroom Apartments Available Now
Burlington Tower
900 NW Lovejoy StPortland, OR 97209
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,500 | $875 | $2,600 |
| South Waterfront 1 Bedroom Apartments | $2,060 | $965 | $6,675 |
| South Waterfront 2 Bedroom Apartments | $3,151 | $1,485 | $8,930 |
| South Waterfront 3 Bedroom Apartments | $2,976 | $1,950 | $4,035 |
| South Waterfront 4 Bedroom Apartments | $3,334 | $3,334 | $3,334 |
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 57 rentals with your search options within a 2 mile radius of the South Waterfront Neighborhood of Portland, OR.
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South Waterfront, Portland, OR Local Guide
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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 Regency Apartments priced from $875. The Amy has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable South Waterfront apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regency Apartments | Studio A | Studio,1BA | $875 |
| The Amy | Burnside | Studio,1BA | $895 |
| Ongford Apartments | Studio | Studio,1BA | $975 |
| Derby Slabtown | Studio-S MULTE | Studio,1BA | $999 |
| The Vue | The Pearl | Studio,1BA | $1,039 |
| Park Plaza | Studio | Studio,1BA | $1,135 |
| Cascade Vista | Studio A | Studio,1BA | $1,170 |
| Modern New Construction - Minutes from Downtown PDX & OHSU | 1BR/1.0BA | 1BR,1BA | $1,200 |
| Grand Belmont | Studio 2 | Studio,1BA | $1,224 |
| The Woods on Marquam Hill | Studio A | Studio,1BA | $1,225 |
Best Value Apartments for Rent in South Waterfront, OR
As of February 13, 2026 the best value apartment in the South Waterfront area is the $2.30 price per square foot B07 Model at Slate Apartments in the in the Southeast Portland neighborhood starting from $2,350. The second greatest value South Waterfront apartment is the 2x2 Jefferson TH B w/2 Car Garage Model at The Douglas starting at $2,263 with a $2.49 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. |
|---|---|---|---|
| Slate Apartments | B07 | 2BR,2BA | $2.30 |
| The Douglas | 2x2 Jefferson TH B w/2 Car Garage | 2BR,2BA | $2.49 |
| Hoodview Apartments | 2BR/1.0BA | 2BR,1BA | $1.87 |
| The Matisse | 11F1 | 1BR,1BA | $2.11 |
| 3206 S Kelly Ave | 3206 S Kelly Ave | 1BR,1BA | $2.36 |
| Modern New Construction - Minutes from Downtown PDX & OHSU | 1BR/1.0BA | 1BR,1BA | $1.83 |
| 735 St. Clair | A4 | 1BR,1BA | $2.18 |
| East of Eleven | Buckman | 1BR,1BA | $2.51 |
| Ella | S1.1 | Studio ,1BA | $2.45 |
| Ongford Apartments | Studio | Studio ,1BA | $1.99 |
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!
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 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.
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Pet Friendly LifestyleSouth Waterfront, Portland, OR
Ranked #22
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 $1,225.
What is the price of a cheap apartment in South Waterfront?
The cheapest apartment in South Waterfront is The Vue which is listed at $1,200, while the average apartment in South Waterfront costs $3,334.
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 52 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 $575 which is $2,759 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
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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.