Cheap Homes for Rent in South Waterfront Neighborhood of Portland, OR from $1,400 (4 Rentals)

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

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.

property at 3601 S River Pkwy

3601 S River Pkwy

PortlandOR97239

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.

South Waterfront, Portland, OR Local Guide

Best Value Apartments for Rent in South Waterfront, OR

As of June 05, 2025 the best value apartment in the South Waterfront area is the $2.97 price per square foot Studio - Douglas Fir - 784 Model at The Ardea Apartments in the in the Southwest Portland neighborhood starting from $2,330. The second greatest value South Waterfront apartment is the A10 A Model at The Dylan starting at $2,296 with a $3.03 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.
The Ardea ApartmentsStudio - Douglas Fir - 784Studio ,1BA$2.97
The DylanA10 A1BR,1BA$3.03
EllaA4.1-4.21BR,1BA$2.52
The Matisse01F1Studio ,1BA$2.46
The OliviaA3.11BR,1BA$3.18
OspreyA41BR,1BA$3.26
WaterleafStudio-60%Studio ,1BA$2.13
Griffis South WaterfrontColumbia PlatinumStudio ,1BA$3.44
Urban Living, Elevated ComfortA | 448-487sfStudio ,1BA$3.33
The DouglasStudio IrvingStudio ,1BA$2.84

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Frequently Asked Questions about South Waterfront

What type of rentals are currently available in South Waterfront?

There are currently 39 Apartments for Rent in South Waterfront, OR with pricing that ranges from $1,095 to $10,000. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Waterfront ranging from $1,445 to $2,000.

What is the current price range for Rental Homes in South Waterfront?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Waterfront ranges from $1,445 to $2,000 with an average monthly rent of $1,723.

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 Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.