
Cheap Homes for Rent in the Southwest Portland Neighborhood of Portland, OR from $1,200 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Southwest Portland area of Portland.


5554 SW Beaverton Hillsdale Hwy

5550 SW Beaverton Hillsdale Hwy

5704 SW Beaverton Hillsdale Hwy, Unit 9

0225 S Hamilton St
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.

11240 SW Barbur Blvd, Unit 26

1420 SW Bertha Blvd

5011 SW Beaverton Hillsdale Hwy

5885 S Macadam Ave

5023-5033-5033 SW Pasadena St
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.

3419 SW Naito Pkwy

1015 SW Bertha Blvd

5222 SW 42nd Ave

2952 SW Huber St

3701 SW Condor Ave, Unit K 1
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

3570 S River Pkwy
Southwest Portland, Portland, OR Local Guide

How much does it cost to rent a home in Southwest Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest Portland 2 Bedroom Homes for Rent | $2,201 | $1,250 | $3,500 |
| Southwest Portland 3 Bedroom Homes for Rent | $3,430 | $1,895 | $6,550 |
| Southwest Portland 4 Bedroom Homes for Rent | $5,451 | $3,150 | $10,000+ |
| Southwest Portland 5 Bedroom Homes for Rent | $5,117 | $3,475 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 1 mile radius of the Southwest Portland Neighborhood of Portland, OR.
Explore Portland
Southwest Portland, Portland, OR Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| The Woods on Marquam Hill | Studio C | Studio,1BA | $995 |
| Koz on 4th | Essential Studio | Studio,1BA | $996 |
| Commons at Sylvan Canyon Apartments | Ridge | Studio,1BA | $1,075 |
| The Fredrick | Marquam | 1BR,1BA | $1,195 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| 2222 Apartments | 2BR/2.0BA | 2BR,2BA | $1.56 |
| Courtside Apartments | Two Bedroom | 2BR,2BA | $1.73 |
| Shadow Hills | 1 Bed 1 Bath | 1BR,1BA | $1.66 |
| LuDon Luradel | 2BR/1.0BA | 2BR,1BA | $1.67 |
| Indian Hills Apartments | 2BR/1.0BA | 2BR,1BA | $1.64 |
| Carleton Terrace Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.74 |
| Lancaster Apartments | Downstairs | 1BR,1BA | $1.79 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1.79 |
| Raleigh Heights | 1BR/1.0BA | 1BR,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!
Read ArticleDon'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.
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Southwest Portland, Portland, OR
Capitol Hill Elementary School
Ida B. Wells-Barnett High School
School data provided by Great Schools
Frequently Asked Questions about Southwest Portland
What type of rentals are currently available in Southwest Portland?
There are currently 365 Apartments for Rent in Southwest Portland, OR with pricing that ranges from $470 to $7,180. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Portland ranging from $1,250 to $12,500.
What is the current price range for Rental Homes in Southwest Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Portland ranges from $1,250 to $12,500 with an average monthly rent of $3,191.
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

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.

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.

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.

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

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.

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

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.

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.