Cheap Homes for Rent in the South Waterfront Neighborhood of Portland, OR from $1,800 (1 Rental)

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

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.

South Waterfront, Portland, OR Local Guide

Best Value Apartments for Rent in South Waterfront, OR

As of July 22, 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
3601 sw river parkway, Unit Unit 11183601 sw river parkway1BR,1BA$2.37
Marquam HeightsThree Bedroom3BR,2BA$2.46
Cascade VistaTwo Bedroom A2BR,1BA$1.87
Waterleaf1 Bedroom 1 Bath1BR,1BA$1.90
The Matisse01F1Studio ,1BA$2.03
EllaS1.2Studio ,1BA$2.17
Gray's LandingstudioStudio ,1BA$1.70
East of ElevenBuckman1BR,1BA$2.42
Grand BelmontOne Bedroom1BR,1BA$2.39
Ongford ApartmentsStudioStudio ,1BA$2.14

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.

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A 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

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Real 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.

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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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Frequently Asked Questions about South Waterfront

What type of rentals are currently available in South Waterfront?

There are currently 81 Apartments for Rent in South Waterfront, OR with pricing that ranges from $470 to $8,630. There are also 2 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Waterfront ranging from $1,895 to $2,995.

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 $1,895 to $2,995 with an average monthly rent of $2,263.

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

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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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.