Cheap Homes for Rent in Southeast Portland Neighborhood of Portland, OR from $900 (26 Rentals)

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

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 MILEPOST 5 priced from $620. Society 62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Southeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
Society 62Private Room1BR,$700
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Terrace CourtStudioStudio,1BA$895
Buri BuildingStudio SIMStudio,1BA$934
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Koz on 13thStudioStudio,1BA$952
Wellesley Court Apartments0BR/1.0BAStudio,1BA$995
Tabor CommonsMicro Studio-AStudio,1BA$995
Burnie (1 & 2)0BR/1.0BAStudio,1BA$999

Best Value Apartments for Rent in Southeast Portland, OR

As of June 02, 2025 the best value apartment in the Southeast Portland area is the $1.91 price per square foot Dill Model at Heirloom in the in the Southeast Portland neighborhood starting from $2,890. 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.
HeirloomDill3BR,2BA$1.91
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Creston Villa3 Bedroom 1 Bath3BR,1BA$1.68
Ashley Court Apartments3 Bedroom / 2.0 Bath3BR,2BA$1.76
8852 SE Ellis St, Unit 78852 SE Ellis St2BR,1BA$1.68
Burnside East2 BR 1 BATH C2BR,1BA$1.88
Irvington Apartmentslxl1BR,1BA$1.71
Orlo2/12BR,1BA$1.61
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Tristin Square Apartments2 Bedroom, 1 Bath2BR,1BA$1.88

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 1770 Apartments for Rent in Southeast Portland, OR with pricing that ranges from $645 to $15,172. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Portland ranging from $995 to $5,000.

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 $995 to $5,000 with an average monthly rent of $2,658.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.