Cheap Homes for Rent in Southeast Portland Neighborhood of Portland, OR from $500 (36 Rentals)

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

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.

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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.

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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.

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property at 3601 S River Pkwy

$1,500 - $2,600

Studio To 1 Bedroom Rentals

Available Now

3601 S River Pkwy

PortlandOR97239

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-36, Page 1 of 1

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 $630. Society 62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Southeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5Studio Just SinkStudio,$630
Society 62Private Room1BR,$750
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Terrace CourtStudioStudio,1BA$895
Eastgate Apartments0X1Studio,1BA$895
Wellesley Court Apartments0BR/1.0BAStudio,1BA$895
OrlostudioStudio,1BA$935
Louisa Flowers apartmentsLouisa FlowersStudio,1BA$950
Koz on 13thStudioStudio,1BA$952

Best Value Apartments for Rent in Southeast Portland, OR

As of December 27, 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 Studio or Loft Model at Belmont Dairy Apartments and Lofts starting at $1,258 with a $0.85 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
Belmont Dairy Apartments and LoftsStudio or LoftStudio ,1BA$0.85
Center Villaged2.24BR,2BA$1.37
Ravenbourne Apartments2x12BR,1BA$1.59
Lassam Terrace Apartments2 Bedroom Townhome2BR,1.5BA$1.60
6205 SE 92nd Ave, Unit A6205 SE 92nd Ave2BR,2BA$1.50
ShamrockSHAM 2x12BR,1BA$1.22
Laurelwood2 Bed 1 Bath2BR,1BA$1.41
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Westcott Properties1x11BR,1BA$1.54

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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 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

Frequently Asked Questions about Southeast Portland

What type of rentals are currently available in Southeast Portland?

There are currently 1802 Apartments for Rent in Southeast Portland, OR with pricing that ranges from $700 to $15,525. There are also 189 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Portland ranging from $550 to $4,800.

What is the current price range for Rental Homes in Southeast Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southeast Portland ranges from $550 to $4,800 with an average monthly rent of $2,337.

How much are larger Three and Four Bedroom Rentals in Southeast Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southeast Portland range from $1,600 to $8,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $4,500. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $2,895.

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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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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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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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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!