Cheap Homes for Rent in the Southwest Portland Neighborhood of Portland, OR from $1,195 (19 Rentals)

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

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.

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.

property at 3701 SW Condor Ave
$1,750

Total Monthly Price

Base Rent$1,750

Total Monthly Price$1,750
1 Bedroom, 1 Bath Condo for Rent
Available Now
Furnished

3701 SW Condor Ave, Unit K 1

3701 SW Condor Ave
PortlandOR97239
  • Smoke Free
property at 10608 SW 49th Ave
$1,780

Total Monthly Price

Base Rent$1,780

Total Monthly Price$1,780
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

10608 SW 49th Ave, Unit 08

10608 SW 49th Ave
PortlandOR97219
  • Smoke Free

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

Southwest Portland, Portland, OR Local Guide

Best Value Homes for Rent in Southwest Portland, OR

As of September 16, 2026 the best value rental home in the Southwest Portland area is the $1.06 price per square foot 8145 SW 57th Ave Model at 8145 SW 57th Ave in the Far Southwest Portland neighborhood starting from $6,500. The second greatest value Southwest Portland rental home is the 2731 SW Bucharest Ct Model at 2731 SW Bucharest Ct in the Southwest Portland neighborhood starting at $4,650 with a $1.42 price per square foot. Here is today’s list of the best values for Southwest Portland homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
8145 SW 57th Ave8145 SW 57th Ave5BR, 4.5BA$1.06
2731 SW Bucharest Ct2731 SW Bucharest Ct4BR, 3BA$1.42
5820 SW Nevada Ct5820 SW Nevada Ct3BR, 2BA$1.14
8617 SW 49th Ave8617 SW 49th Ave3BR, 2.5BA$1.34
7010 SW Brier Pl7010 SW Brier Pl4BR, 2BA$1.50
8905 SW 50th Ave8905 SW 50th Ave3BR, 2.5BA$1.78
9614 SW 54th Ave9614 SW 54th Ave3BR, 2.5BA$1.81
2221 SW 1st Ave, Unit 15242221 SW 1st Ave2BR, 2BA$2.17
9316 SW 8th Dr9316 SW 8th Dr2BR, 1BA$2.00
10608 SW 49th Ave, Unit 0810608 SW 49th Ave2BR, 1BA$1.93

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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Navigating the Rental Market: Tips for First-Time Renters

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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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Frequently Asked Questions about Southwest Portland

What type of rentals are currently available in Southwest Portland?

There are currently 379 Apartments for Rent in Southwest Portland, OR with pricing that ranges from $470 to $9,595. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Portland ranging from $1,195 to $11,500.

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 $1,195 to $11,500 with an average monthly rent of $3,149.

How much are larger Three and Four Bedroom Rentals in Southwest Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southwest Portland range from $1,458 to $6,454, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $4,975. Four Bedroom Single-Family rentals are also available starting from $2,895 and Four Bedroom Apartments start at $3,895.

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.

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.

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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.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.