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$1,0001 Bedroom Apartments Available Jun 11
3418-3418 S Kelly Ave, Unit 3414
3418-3418 S Kelly AvePortland, OR 97239
Cheap Homes for Rent in South Waterfront Neighborhood of Portland, OR from $1,900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the South Waterfront area of Portland.
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$1,349Studio Apartments Available Now
3535 S Corbett Ave, Unit 303
3535 S Corbett AvePortland, OR 97239
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
3601 S River Pkwy
PortlandOR97239
3570 S River Pkwy
PortlandOR97239
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
110 S Curry St
PortlandOR97239
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South Waterfront, Portland, OR Local Guide
How much does it cost to rent a home in South Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Waterfront 3 Bedroom Homes for Rent | $4,250 | $4,250 | $4,250 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Waterleaf priced from $480. Gray's Landing has the second lowest priced unit, which is a Studio apartment currently listed from $1,018. 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 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| The Douglas | Studio Irving | Studio,1BA | $1,325 |
Best Value Apartments for Rent in South Waterfront, OR
As of June 04, 2026 the best value apartment in the South Waterfront area is the $3.57 price per square foot Tower 2 Bed/2 Bath-PH 7 Model at The Ardea Apartments in the in the Southwest Portland neighborhood starting from $5,642. The second greatest value South Waterfront apartment is the 22F1 Model at The Matisse starting at $2,285 with a $2.10 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. |
|---|---|---|---|
| The Ardea Apartments | Tower 2 Bed/2 Bath-PH 7 | 2BR,2BA | $3.57 |
| The Matisse | 22F1 | 2BR,2BA | $2.10 |
| Osprey | A1.1 | 1BR,1BA | $2.93 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.83 |
| The Dylan | A4.1 | 1BR,1BA | $2.77 |
| The Olivia | P-A1.2 | 1BR,1BA | $3.57 |
| Gray's Landing | studio | Studio ,1BA | $1.70 |
| Corbett Heights Apartments | 0 x 1 - 528 SF | Studio ,1BA | $2.65 |
| The Emery Apartments | E | 494sf | 1BR,1BA | $3.03 |
| The Douglas | Studio Irving | Studio ,1BA | $3.01 |
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
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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 #99
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about South Waterfront
What type of rentals are currently available in South Waterfront?
There are currently 40 Apartments for Rent in South Waterfront, OR with pricing that ranges from $470 to $7,180. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Waterfront ranging from $1,900 to $4,250.
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 $1,900 to $4,250 with an average monthly rent of $3,190.
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.
From Arts to Eats: A Local Insiders 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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Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.