Cheap Apartments for Rent in the Southwest Portland Neighborhood of Portland, OR from $400 (134 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 - $1,425
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$949 - $1,425
Total Monthly Price
$949 - $1,425
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 Now

The Fredrick

3010-3106 SW 10th AvePortland, OR 97239
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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The Douglas
$1,258 - $2,566
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$1,258 - $2,566
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Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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
$1,299 - $1,595
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$1,299 - $1,595
Total Monthly Price
$1,299 - $1,595
1 to 2 Bedroom Apartments Available Now

2121 Multnomah

2121 SW Multnomah BlvdPortland, OR 97219
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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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Ella
Rent Specials
$1,354 - $10,000
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$1,354 - $10,000
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Studio to 2 Bedroom Apartments Available Now

Ella

3833 SW Bond AvePortland, OR 97239
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Sanctuary
Rent Specials
$1,370 - $2,423
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$1,370 - $2,423
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Studio to 2 Bedroom Apartments Available Aug 5

Sanctuary

4940 S Landing DrPortland, OR 97239
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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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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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The Gabe
Rent Specials
$1,515 - $2,740
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$1,515 - $2,740
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Studio to 3 Bedroom Apartments Available Now

The Gabe

4525 SW California StPortland, OR 97219
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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. The Woods on Marquam Hill has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Southwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
The Woods on Marquam HillStudio CStudio,1BA$995
Koz on 4thEssential StudioStudio,1BA$996
Commons at Sylvan Canyon ApartmentsRidgeStudio,1BA$1,075
The FredrickMarquam1BR,1BA$1,195
MARQUAM MANOR APARTMENTS (MCM03)Studio (435sq ft '01s, '02s, '03s, '04s, '08s &...Studio,1BA$1,200
Ridgeview Terrace1x11BR,1BA$1,200
Medina0x1Studio,1BA$1,200
Raleigh Firs1 bed 1 bath1BR,1BA$1,245
Grace Manor Apartments2bd1bth2BR,1BA$1,250

Best Value Apartments for Rent in Southwest Portland, OR

As of August 01, 2026 the best value apartment in the Southwest Portland area is the $1.51 price per square foot 3bd1bth Model at Grace Manor Apartments in the in the Far Southwest Portland neighborhood starting from $1,550. The second greatest value Southwest Portland apartment is the 2BR/2.0BA Model at 2222 Apartments starting at $1,545 with a $1.56 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.
Grace Manor Apartments3bd1bth3BR,1BA$1.51
2222 Apartments2BR/2.0BA2BR,2BA$1.56
Courtside ApartmentsTwo Bedroom2BR,2BA$1.73
Shadow Hills1 Bed 1 Bath1BR,1BA$1.66
LuDon Luradel2BR/1.0BA2BR,1BA$1.67
Indian Hills Apartments2BR/1.0BA2BR,1BA$1.64
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.74
Lancaster ApartmentsDownstairs1BR,1BA$1.79
Capitol Park1 bed-1 bath1BR,1BA$1.79
Raleigh Heights1BR/1.0BA1BR,1BA$1.85

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 the Cheapest Studio apartment in Southwest Portland?

Currently the most affordable Cheap Studio Apartment in Southwest Portland is at Waterleaf listed at $480.

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

The lowest price for a Cheap One Bedroom Southwest Portland Apartment is $1,195 at The Fredrick.

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 $1,250 at Grace Manor Apartments.

What is the most affordable Southwest Portland Three Bedroom Apartment?

The best deal on a cheap Southwest Portland Three Bedroom Apartment rental is at Grace Manor Apartments and starts from $1,550.

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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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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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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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.