Cheap Homes for Rent in Southeast Portland Neighborhood of Portland, OR from $600 (43 Rentals)

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

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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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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 Room1BR,$750
Buri BuildingStudioStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
OrlostudioStudio,1BA$935
Melcliff Apartments0BR/1.0BAStudio,1BA$950
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Koz on 13thStudioStudio,1BA$952

Best Value Apartments for Rent in Southeast Portland, OR

As of July 26, 2025 the best value apartment in the Southeast Portland area is the $1.67 price per square foot 3 Bedroom 2 Bath Model at Michael Manor Apartments in the in the Southeast Portland neighborhood starting from $1,950. The second greatest value Southeast Portland apartment is the Coriander Model at Heirloom starting at $1,925 with a $1.66 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.
Michael Manor Apartments3 Bedroom 2 Bath3BR,2BA$1.67
HeirloomCoriander2BR,2BA$1.66
Lassam Terrace Apartments2 Bedroom Townhome2BR,1.5BA$1.44
Oliver Station Apartments2 Bedroom Home2BR,1BA$1.76
6205 SE 92nd Ave, Unit A6205 SE 92nd Ave2BR,2BA$1.55
The Enclave2 Bedroom2BR,1BA$1.75
Johnson Creek Village Apartments.2X12BR,1BA$1.76
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Wellesley Court Apartments1BR/1.0BA1BR,1BA$1.72
St. Francis ParkStudioStudio ,1BA$1.34

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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Frequently Asked Questions about Southeast Portland

What type of rentals are currently available in Southeast Portland?

There are currently 1773 Apartments for Rent in Southeast Portland, OR with pricing that ranges from $626 to $14,301. There are also 129 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Portland ranging from $645 to $5,250.

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 $645 to $5,250 with an average monthly rent of $2,476.

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 $1,885 to $7,270, 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 $2,600 and Four Bedroom Apartments start at $3,500.

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.