Cheap Apartments for Rent in the Southwest Portland Neighborhood of Portland, OR from $400 (148 Rentals)

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

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Koz on 4th
Rent Specials
$949 - $1,375
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Base Rent
$949 - $1,375
Total Monthly Price
$949 - $1,375
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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The Fredrick
$995 - $1,515
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$995 - $1,515
Total Monthly Price
$995 - $1,515
Studio to 2 Bedroom Apartments Available Jul 22

The Fredrick

3010-3106 SW 10th AvePortland, OR 97239
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 Douglas
$1,275 - $2,950
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$1,275 - $2,950
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Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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The Dylan
Rent Specials
$1,295 - $3,653
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$1,295 - $3,653
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Studio to 2 Bedroom Apartments Available Now

The Dylan

3883 S Moody AvePortland, OR 97239
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2121 Multnomah
Rent Specials
$1,295 - $1,595
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$1,295 - $1,595
Total Monthly Price
$1,295 - $1,595
1 to 2 Bedroom Apartments Available Now

2121 Multnomah

2121 SW Multnomah BlvdPortland, OR 97219
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Ella
Rent Specials
$1,329 - $10,000
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$1,329 - $10,000
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Studio to 2 Bedroom Apartments Available Now

Ella

3833 SW Bond AvePortland, OR 97239
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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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Multnomah Station
Rent Specials
$1,349 - $2,945
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$1,349 - $2,945
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Studio to 2 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
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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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Sanctuary
Rent Specials
$1,497 - $2,772
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$1,497 - $2,772
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Studio to 2 Bedroom Apartments Available Now

Sanctuary

4940 S Landing DrPortland, OR 97239
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Waterleaf priced from $480. Koz on 4th has the second lowest priced unit, which is a Studio apartment currently listed from $996. Here are the most affordable Southwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
Koz on 4thEssential Studio - MULTEStudio,1BA$996
Park Avenue ApartmentsStudioStudio,1BA$999
Gray's LandingstudioStudio,1BA$1,018
Commons at Sylvan Canyon ApartmentsRidgeStudio,1BA$1,099
MARQUAM MANOR APARTMENTS (MCM03)Studio (435sq ft '01s, '02s, '03s, '04s, '08s &...Studio,1BA$1,150
The Woods on Marquam HillStudio BStudio,1BA$1,175
Ridgeview Terrace1x11BR,1BA$1,195
Medina0x1Studio,1BA$1,200
Indian Hills Apartments1BR/1.0BA1BR,1BA$1,200

Best Value Apartments for Rent in Southwest Portland, OR

As of July 17, 2026 the best value apartment in the Southwest Portland area is the $1.65 price per square foot 2 Bedroom, 1 Bathroom - Renovated Model at Tempo West Apartments in the in the Southwest Portland neighborhood starting from $1,745. 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.
Tempo West Apartments2 Bedroom, 1 Bathroom - Renovated2BR,1BA$1.65
Grace Manor Apartments3bd1bth3BR,1BA$1.51
2222 Apartments2BR/2.0BA2BR,2BA$1.63
LuDon Luradel2BR/1.0BA2BR,1BA$1.67
Shadow Hills1 Bed 1 Bath1BR,1BA$1.71
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.74
Lancaster ApartmentsDownstairs1BR,1BA$1.79
Capitol Park1 bed-1 bath1BR,1BA$1.79
Indian Hills Apartments1BR/1.0BA1BR,1BA$1.74
Gray's LandingstudioStudio ,1BA$1.70

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,200.

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

The cheapest apartment in Southwest Portland is Gray's Landing which is listed at $1,102, while the average apartment in Southwest Portland costs $2,200.

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 64 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 $327 which is $1,873 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 Insider's 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.