Cheap Apartments for Rent in the Southwest Portland Neighborhood of Portland, OR from $800 (99 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest Portland area of Portland.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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The Art of the Rental Viewing: What to look for during a property tour

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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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Portland’s Best Affordable Neighborhoods

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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 $958. The Fredrick has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Southwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$958
The Fredrick0x1Studio,1BA$1,025
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1,099
Quail Ridge ApartmentsStudio SmallStudio,1BA$1,100
MARQUAM MANOR APARTMENTS (MCM03)Studio ('01s,'02s,'03s,'04s,'08s,'09s)Studio,1BA$1,100
Harborview Apartments1BR/1.0BA1BR,1BA$1,145
Commons at Sylvan Canyon ApartmentsRidgeStudio,1BA$1,145
Ridgeview Terrace1x11BR,1BA$1,200
WaterleafStudio-60%Studio,1BA$1,220
Churchill Gardens Apartments2731x11BR,1BA$1,220

Best Value Apartments for Rent in Southwest Portland, OR

As of June 17, 2025 the best value apartment in the Southwest Portland area is the $1.75 price per square foot 3 Bedroom, 1 Bathroom + 2, .5 Bathroom - Renovated Model at Tempo West Apartments in the in the Southwest Portland neighborhood starting from $2,295. The second greatest value Southwest Portland apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,850 with a $1.80 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.
Tempo West Apartments3 Bedroom, 1 Bathroom + 2, .5 Bathroom - Renovated3BR,1.5BA$1.75
Grace Manor Apartments3bd1bth3BR,1BA$1.80
West Hills Terrace ApartmentsTop Floor 2x12BR,1BA$1.58
Capitol Gardens2 Bed. Flat2BR,1.5BA$1.98
Capital Park2 bed-1 bath2BR,1BA$1.83
Raleigh Court2x1.52BR,1.5BA$1.94
Timber Terrace Apartments XB-YY212X12BR,1BA$1.93
Raleigh Pines Apartments2x12BR,1BA$2.00
Hillcrest style2 bedroom 1 bath2BR,1BA$1.88
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1.64

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
Southwest Portland, Portland, OR

Ranked #27

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
Southwest Portland, Portland, OR

School data provided by Great Schools

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 the Cheapest Studio apartment in Southwest Portland?

Currently the most affordable Cheap Studio Apartment in Southwest Portland is at Koz on 4th listed at $958.

How much is rent for a Cheap One Bedroom Southwest Portland Apartment?

The lowest price for a Cheap One Bedroom Southwest Portland Apartment is $1,099 at Park Avenue Gardens.

What is the lowest price for a Cheap Two Bedroom Southwest Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southwest Portland is starting from $1,275 at Hillcrest style.

What is the most affordable Southwest Portland Three Bedroom Apartment?

The best deal on a cheap Southwest Portland Three Bedroom Apartment rental is at Waterleaf and starts from $1,773.

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.