Cheap Apartments for Rent in the Southeast Portland Neighborhood of Portland, OR from $500 (270 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 MILEPOST 5 priced from $620. NAYA Generations has the second lowest priced unit, which is a 1 Bed apartment currently listed from $644. Here are the most affordable Southeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
NAYA Generations1 Bedroom1BR,1BA$644
Society 62Private Room w/Bath1BR,1BA$700
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Terrace CourtStudioStudio,1BA$895
Buri BuildingStudio SIMStudio,1BA$934
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Melcliff Apartments0BR/1.0BAStudio,1BA$950
Koz on 13thStudioStudio,1BA$952
Enclave 54Studio 2Studio,1BA$985

Best Value Apartments for Rent in Southeast Portland, OR

As of June 20, 2025 the best value apartment in the Southeast Portland area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Southeast Portland apartment is the 3BR/2.0BA Model at Shannon starting at $1,650 with a $1.42 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.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Shannon3BR/2.0BA3BR,2BA$1.42
Knight Apartments3 Bed 1 Bath3BR,1BA$1.46
Frazer Park Apartments2x1.5 Townhouse2BR,1.5BA$1.81
6205 SE 92nd Ave, Unit A6205 SE 92nd Ave1BR,2BA$1.61
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
NAYA Generations1 Bedroom1BR,1BA$1.02

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Pet Friendly Lifestyle
Southeast Portland, Portland, OR

Ranked #11

Among neighborhoods in Portland, OR 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 $985.

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

The cheapest apartment in Southeast Portland is NAYA Generations which is listed at $644, while the average apartment in Southeast Portland costs $5,500.

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 117 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 $179 which is $5,321 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.