Cheap Apartments for Rent in the Southwest Portland Neighborhood of Portland, OR from $700 (97 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest 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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The Dylan
Rent Specials
$1,295 - $3,253
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $3,253
Total Monthly Price
$1,295 - $3,253
Studio to 2 Bedroom Apartments Available Now

The Dylan

3883 S Moody AvePortland, OR 97239
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Ella
Rent Specials
$1,299 - $7,872
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $7,872
Total Monthly Price
$1,299 - $7,872
Studio to 2 Bedroom Apartments Available Now

Ella

3833 SW Bond AvePortland, OR 97239
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Griffis South Waterfront
Rent Specials
$1,320 - $2,896
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Total Monthly Price

Base Rent
$1,320 - $2,896
Total Monthly Price
$1,320 - $2,896
Studio to 2 Bedroom Apartments Available Now

Griffis South Waterfront

650 S Gaines StPortland, OR 97239
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Multnomah Station
$1,323 - $2,945
Total Monthly Price

Total Monthly Price

Base Rent
$1,323 - $2,945
Total Monthly Price
$1,323 - $2,945
Studio to 3 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

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The Douglas
Rent Specials
$1,340 - $3,334
Total Monthly Price

Total Monthly Price

Base Rent
$1,340 - $3,334
Total Monthly Price
$1,340 - $3,334
Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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Lancaster Apartments
$1,350 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,450
Required Monthly Fees
$100
Total Monthly Price
$1,350 - $1,550
1 Bedroom Apartments Available Now

Lancaster Apartments

6630-6640 SW Capitol HwyPortland, OR 97219
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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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The Olivia
Rent Specials
$1,439 - $3,265
Total Monthly Price

Total Monthly Price

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$1,439 - $3,265
Total Monthly Price
$1,439 - $3,265
1 Bedroom Apartments Available Now

The Olivia

3850 S Bond AvePortland, OR 97239
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Multnomah Village Apartments
Rent Specials
$1,490 - $2,115
Total Monthly Price

Total Monthly Price

Base Rent
$1,490 - $2,115
Total Monthly Price
$1,490 - $2,115
Studio to 2 Bedroom Apartments Available Now

Multnomah Village Apartments

7711 SW Capitol HwyPortland, OR 97219
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Southwest Portland, Portland, OR Local Guide

Cheapest Available Southwest Portland Apartments for Rent

 

The cheapest available apartment rental in the Southwest Portland area of Portland, OR is a Studio unit found at Koz on 4th priced from $917. Park Avenue Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Southwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$917
Park Avenue ApartmentsStudioStudio,1BA$999
Acqua Apartments - Student AffordableStudioStudio,1BA$1,005
The FredrickBarburStudio,1BA$1,025
MARQUAM MANOR APARTMENTS (MCM03)Studio ('01s,'02s,'03s,'04s,'08s,'09s)Studio,1BA$1,100
Gray's Landing1BR/1BA1BR,1BA$1,102
Commons at Sylvan Canyon ApartmentsRidgeStudio,1BA$1,125
Harborview Apartments1BR/1.0BA1BR,1BA$1,175
Ridgeview Terrace1x11BR,1BA$1,200
2222 Apartments1BR/1.0BA1BR,1BA$1,215

Best Value Apartments for Rent in Southwest Portland, OR

As of March 02, 2026 the best value apartment in the Southwest Portland area is the $1.39 price per square foot 2BR 2 Bath Model at Spring Terrace Apartments in the in the Far Southwest Portland neighborhood starting from $1,450. The second greatest value Southwest Portland apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,550 with a $1.51 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Southwest Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spring Terrace Apartments2BR 2 Bath2BR,2BA$1.39
Grace Manor Apartments3bd1bth3BR,1BA$1.51
Raleigh Pines Apartments2x12BR,1BA$1.54
Capitol Gardens2 Bed. Townhome2BR,1.5BA$1.60
Raleigh Court2x1.52BR,1.5BA$1.76
Lair Hill1x11BR,1BA$1.70
Lancaster ApartmentsDownstairs1BR,1BA$1.79
Terwilliger Terrace1 x 1 F1BR,1BA$1.80
Capitol Park1 bed-1 bath1BR,1BA$1.79
Gray's LandingStudioStudio ,1BA$1.77

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

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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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Best Local Schools in
Southwest Portland, Portland, OR

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Southwest 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 searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southwest Portland Apartments

What is a cheap apartment in Southwest Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Portland is under $1,215.

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

The cheapest apartment in Southwest Portland is Koz on 4th which is listed at $1,050, while the average apartment in Southwest Portland costs $6,438.

What types of apartments are the cheapest in Southwest 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 15 regular apartments in Southwest 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 Southwest Portland?

Cheap apartments in Southwest Portland have an average cost of $183 which is $6,255 cheaper than the average rent for all rentals in Southwest Portland.

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.

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From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.