Cheap Homes for Rent in Southwest Portland Neighborhood of Portland, OR from $1,100 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

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.

property at 22 S Meade St

$1,495 - $2,245

1 To 2 Bedroom Rentals

Available Now

22 S Meade St

PortlandOR97201
property at 3440 SW Falcon St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

3440 SW Falcon St, Unit B

3440 SW Falcon St
PortlandOR97219
property at 5048 SW Dickinson St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

5048 SW Dickinson St

PortlandOR97219

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.

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 $975. Here are the most affordable Southwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
Koz on 4thEssential StudioStudio,1BA$975
Gray's LandingstudioStudio,1BA$1,018
The FredrickGroverStudio,1BA$1,040
Commons at Sylvan Canyon ApartmentsRidgeStudio,1BA$1,050

Best Value Apartments for Rent in Southwest Portland, OR

As of June 05, 2026 the best value apartment in the Southwest Portland area is the $1.59 price per square foot 2BR/2BA (1,087sq ft) Model at Capitola Commons in the in the Far Southwest Portland neighborhood starting from $1,725. 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.
Capitola Commons2BR/2BA (1,087sq ft)2BR,2BA$1.59
Grace Manor Apartments3bd1bth3BR,1BA$1.51
Raleigh Pines Apartments2x12BR,1BA$1.41
LuDon Luradel2BR/1.0BA2BR,1BA$1.67
2121 Multnomah2x1R2BR,1BA$1.77
Timber Terrace2X12BR,1BA$1.74
Indian Hills Apartments1BR/1.0BA1BR,1BA$1.67
Vista Manor1BR/1.0BA1BR,1BA$1.72
1508 SW Dewitt St1 Beds, 1 Baths1BR,1BA$1.69
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!

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Southwest Portland

What type of rentals are currently available in Southwest Portland?

There are currently 362 Apartments for Rent in Southwest Portland, OR with pricing that ranges from $470 to $991,249. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Portland ranging from $1,195 to $6,895.

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 $1,195 to $6,895 with an average monthly rent of $3,115.

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

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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 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.

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

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

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.