Cheap 1 Bedroom Apartments for Rent in the Waterfront Neighborhood of Portland, OR from $1,050 (20 Rentals)

Westfal Apartments

linc301 Apartments

Ladd

Harrison Tower Apartment Homes

linc245 Apartments

The Louisa Apartments

Gossamer

38 Davis

Cyan/PDX

Essex House

Couch9

255 SW Harrison St
Waterfront, Portland, OR Local Guide

How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $1,335 | $649 | $2,464 |
Waterfront 1 Bedroom Apartments | $1,872 | $1,050 | $3,650 |
| Waterfront 2 Bedroom Apartments | $2,908 | $1,200 | $8,243 |
| Waterfront 3 Bedroom Apartments | $6,350 | $1,773 | $10,000+ |
| Waterfront 4 Bedroom Apartments | $4,617 | $4,617 | $4,617 |
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Waterfront, Portland, OR Local Guide
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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.
Pet Friendly LifestyleWaterfront, Portland, OR
Ranked #41
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Waterfront Neighborhood in Portland, OR
Walk Score®
96 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
92 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
92 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Waterfront Apartments
What is a cheap apartment in Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterfront is under $1,100.
What is the price of a cheap apartment in Waterfront?
The cheapest apartment in Waterfront is Westfal Apartments which is listed at $1,095, while the average apartment in Waterfront costs $4,617.
What types of apartments are the cheapest in Waterfront?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 85 regular apartments in Waterfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterfront?
Cheap apartments in Waterfront have an average cost of $625 which is $3,992 cheaper than the average rent for all rentals in Waterfront.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.







