Cheap Apartments for Rent in the Southeast Portland Neighborhood of Portland, OR from $500 (272 Rentals)

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

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Southeast Portland, Portland, OR Local Guide

Cheapest Available Southeast Portland Apartments for Rent

 

The cheapest available apartment rental in the Southeast Portland area of Portland, OR is a Studio unit found at St. Francis Park priced from $536. MILEPOST 5 has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here are the most affordable Southeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
St. Francis ParkStudioStudio,1BA$536
MILEPOST 5SROStudio,$620
Alder 9Studio 30%Studio,1BA$626
Society 62Private Room w/Bath1BR,1BA$700
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Koz on 13thStudioStudio,1BA$952
Enclave 54Studio 1Studio,1BA$995

Best Value Apartments for Rent in Southeast Portland, OR

As of September 07, 2025 the best value apartment in the Southeast Portland area is the $1.31 price per square foot 5324 SE Flavel St Model at 5324 SE Flavel St, Unit 5324 in the in the Southeast Portland neighborhood starting from $2,450. The second greatest value Southeast Portland apartment is the Studio Model at Z_Caritas Sacred Heart Villa starting at $1,438 with a $0.96 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Southeast Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5324 SE Flavel St, Unit 53245324 SE Flavel St3BR,1BA$1.31
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Michael Manor Apartments3 Bedroom 2 Bath3BR,2BA$1.67
Garden Villa2x22BR,2BA$1.22
Lassam Terrace Apartments2 Bedroom Townhome2BR,1.5BA$1.60
Orlo2/12BR,1BA$1.61
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Connery Place - Student Housing2x12BR,1BA$1.75
Melissa Anne1x11BR,1BA$1.58
St. Francis ParkStudioStudio ,1BA$1.34

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Pet Friendly Lifestyle
Southeast Portland, Portland, OR

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southeast Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

This website is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Southeast Portland, Portland, and the greater Portland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southeast Portland Apartments

What is a cheap apartment in Southeast Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Portland is under $995.

What is the price of a cheap apartment in Southeast Portland?

The cheapest apartment in Southeast Portland is St. Francis Park which is listed at $554, while the average apartment in Southeast Portland costs $5,400.

What types of apartments are the cheapest in Southeast Portland?

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 149 regular apartments in Southeast Portland 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 Southeast Portland?

Cheap apartments in Southeast Portland have an average cost of $146 which is $5,254 cheaper than the average rent for all rentals in Southeast Portland.

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.