Cheap 1 Bedroom Apartments for Rent in the Waterfront Neighborhood of Portland, OR from $1,056 (37 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.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
Koz on 4th
Rent Specials
$1,199 - $1,325
Total Monthly Price

Total Monthly Price

Base Rent
$949 - $1,425

Total Monthly Price
$949 - $1,425
1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
Affordability
  • Verified
  • Utilities Included
  • 3D Tour

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.

close
View Me
Portland Astoria
Rent Specials
$1,464 - $2,260
Total Monthly Price

Total Monthly Price

Base Rent
$1,427 - $4,973

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Portland Astoria

140 SW Columbia StPortland, OR 97201
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Amara
Rent Specials
$1,472 - $1,630
Total Monthly Price

Total Monthly Price

Base Rent
$1,472 - $4,564

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Collective on 4th
Rent Specials
$1,482 - $2,382
Total Monthly Price

Total Monthly Price

Base Rent
$1,457 - $2,657

Total Monthly Price
$1,457 - $2,657
1 Bedroom Apartments Available Aug 4

Collective on 4th

1818 SW 4th AvePortland, OR 97201
Student Housing
  • Verified
  • 3D Tour
close
View Me
38 Davis
Rent Specials
$1,499 - $1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,599

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

38 Davis

38 NW Davis StPortland, OR 97209
Transit Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

close
View Me
230 Ash
Rent Specials
$1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $1,940

Total Monthly Price
$1,360 - $1,940
1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Low Income
close
View Me
The Douglas
$1,609
Total Monthly Price

Total Monthly Price

Base Rent
$1,258 - $2,566

Total Monthly Price
Varies
1 Bedroom Apartments Available Aug 7

The Douglas

1811 SW River DrPortland, OR 97201
Pet Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Cyan/PDX
Rent Specials
$1,839 - $2,274
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $5,000

Total Monthly Price
Varies
1 Bedroom Apartments Available Aug 5

Cyan/PDX

1720 SW 4th AvePortland, OR 97201
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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

close
View Me
St. James
1 Bedroom Apartments

St. James

1312 SW 10th AvePortland, OR 97201
  • Utilities Included
close
View Me
West Park Place
1 Bedroom Apartments

West Park Place

1415-1419 SW Park AvePortland, OR 97201
  • Utilities Included
close
View Me
Whitney Gray
1 Bedroom Apartments

Whitney Gray

409 SW 12th AvePortland, OR 97205
close
View Me
333 Oak
1 Bedroom Apartments

333 Oak

333 SW Oak StPortland, OR 97204
Senior Living
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Waterfront, Portland, OR Local Guide

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

Pet Friendly Lifestyle
Waterfront, Portland, OR

Ranked #38

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,105.

What is the price of a cheap apartment in Waterfront?

The cheapest apartment in Waterfront is West Park Place which is listed at $1,100, while the average apartment in Waterfront costs $2,696.

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 55 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 $522 which is $2,174 cheaper than the average rent for all rentals in Waterfront.

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 From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots article

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.

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.

Articles, How-To's, and Tips

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.