Cheap Homes for Rent in Southwest Portland Neighborhood of Portland, OR from $1,300 (28 Rentals)

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

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $1,079. Park Avenue Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable Southwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$1,079
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1,099
Indian Hills ApartmentsStuidoStudio,1BA$1,100
Acqua ApartmentsStudioStudio,1BA$1,125
Harborview Apartments1BR/1.0BA1BR,1BA$1,145
Medina0BR/1.0BAStudio,1BA$1,175
MARQUAM MANOR APARTMENTS (MCM03)Studio ('01s,'02s,'03s,'04s,'08s,'09s)Studio,1BA$1,175
The Fredrick1x11BR,1BA$1,195
Commons at Sylvan Canyon ApartmentsRidgeStudio,1BA$1,200
WaterleafStudio-60%Studio,1BA$1,220

Best Value Apartments for Rent in Southwest Portland, OR

As of July 28, 2025 the best value apartment in the Southwest Portland area is the $1.56 price per square foot 3738 SW Patton Rd Model at 3738 SW Patton Rd, Unit 1 in the in the Southwest Portland neighborhood starting from $2,800. The second greatest value Southwest Portland apartment is the 2 Beds, 1.5 baths Model at Vermont Street Apartments starting at $1,800 with a $1.67 price per square foot in the 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.
3738 SW Patton Rd, Unit 13738 SW Patton Rd3BR,1.5BA$1.56
Vermont Street Apartments2 Beds, 1.5 baths2BR,1.5BA$1.67
Sharrita Villa2X22BR,2BA$1.84
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Shadow Hills1 Bed 1 Bath1BR,1BA$1.63
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1.70
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.79
Timber Terrace Apartments XB-YY212X12BR,1BA$1.80
Terwilliger1 x 11BR,1BA$1.73
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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Frequently Asked Questions about Southwest Portland

What type of rentals are currently available in Southwest Portland?

There are currently 359 Apartments for Rent in Southwest Portland, OR with pricing that ranges from $1,025 to $11,470. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Portland ranging from $1,375 to $8,750.

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 $1,375 to $8,750 with an average monthly rent of $3,201.

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.