close
View Me
$470 - $1,458Studio to 3 Bedroom Apartments Contact Us For Availability
The Vera
2045 SW River PkyPortland, OR 97201
Cheap Apartments for Rent in the Waterfront Neighborhood of Portland, OR from $400 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Portland.
close
View Me
Rent Specials
$480 - $1,733Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
close
View Me
$500Studio Apartments Available Now
Helen Swindells Building
2-16 NW BroadwayPortland, OR 97209
close
View Me
$649Studio Apartments Available Now
Modern Rich Apartments
205-217 NW Couch StPortland, OR 97209
close
View Me
$860Studio Apartments Available Now
Fountain Place Apartments
929 SW Salmon StPortland, OR 97205
close
View Me
$869 - $1,099Studio to 1 Bedroom Apartments Available Now
Westshore
222 SW Pine StPortland, OR 97204
close
View Me
Rent Specials
$875 - $1,000Studio Apartments Available Now
Regency Apartments
1410 SW BroadwayPortland, OR 97201
close
View Me
Rent Specials
$875Studio Apartments Available Now
Morrison Park Apartments
803 SW Morrison StPortland, OR 97205
close
View Me
Rent Specials
$915 - $1,145
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$915 - $1,145
Total Monthly Price
$915 - $1,145
Washington Plaza Apartments
1129 SW Washington StPortland, OR 97205
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.
close
View Me
$925 - $1,200Studio to 1 Bedroom Apartments Available Now
Beverly Alder Apartments
1103-1117 SW Alder StPortland, OR 97205
close
View Me
Rent Specials
$949 - $1,375
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$949 - $1,375
Total Monthly Price
$949 - $1,375
Koz on 4th
2211 SW 4th AvePortland, OR 97201
close
View Me
$950 - $1,100Studio to 2 Bedroom Apartments Available Now
Fifth Avenue Place Apartments
314 NW 5th AvePortland, OR 97209
close
View Me
$1,005Studio to 3 Bedroom Apartments Available Now
Acqua Apartments - Student Affordable
2615 S Water AvePortland, OR 97201
close
View Me
$1,025 - $1,5951 to 2 Bedroom Apartments Available Now
Westfal Apartments
1880 SW 5th AvePortland, OR 97201
close
View Me
$1,100 - $1,550Studio to 1 Bedroom Apartments Available Now
JEANNE MANOR APARTMENTS (JEAN01)
1431 SW Park AvePortland, OR 97201
close
View Me
$1,149 - $4,212
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,149 - $4,212
Total Monthly Price
Varies
Collective on 4th
1818 SW 4th AvePortland, OR 97201
close
View Me
Rent Specials
$1,275 - $2,950
Total Monthly Price
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,275 - $2,950
Total Monthly Price
Varies
The Douglas
1811 SW River DrPortland, OR 97201
close
View Me
Rent Specials
$1,300 - $1,695
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,300 - $1,695
Total Monthly Price
Varies
38 Davis
38 NW Davis StPortland, OR 97209
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.
close
View Me
Rent Specials
$1,300 - $1,400Studio Apartments Available Now
Sovereign Building
1207 SW BroadwayPortland, OR 97205
close
View Me
Rent Specials
$1,360 - $1,949
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,360 - $1,949
Total Monthly Price
Varies
230 Ash
230 SW Ash StPortland, OR 97204
close
View Me
Rent Specials
$1,375 - $4,490Studio to 3 Bedroom Apartments Available Now
Couch9
135 NW 9th AvePortland, OR 97209
close
View Me
Rent Specials
$1,400 - $1,775
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,400 - $1,775
Total Monthly Price
Varies
mResidences Portland Pearl District
1155 NW Everett StPortland, OR 97209
close
View Me
Rent Specials
$1,466 - $3,953Studio to 2 Bedroom Apartments Available Now
Park Avenue West
750 SW 9th AvePortland, OR 97205
close
View Me
Rent Specials
$1,475 - $2,0501 to 2 Bedroom Apartments Available Now
linc301 Apartments
301 SW Lincoln StPortland, OR 97201
close
View Me
$1,478 - $2,8991 to 2 Bedroom Apartments Available Now
Essex House
1330 SW 3rd AvePortland, OR 97201
close
View Me
Rent Specials
$1,492 - $4,819
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,492 - $4,819
Total Monthly Price
Varies
Amara
15 NW Park AvePortland, OR 97209
close
View Me
Rent Specials
$1,550 - $2,631Studio to 2 Bedroom Apartments Available Now
linc245 Apartments
245 SW Lincoln StPortland, OR 97201
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.
close
View Me
Rent Specials
$1,568 - $5,224
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,568 - $5,224
Total Monthly Price
Varies
Portland Astoria
140 SW Columbia StPortland, OR 97201
close
View Me
Rent Specials
$1,568 - $4,317
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,568 - $4,317
Total Monthly Price
Varies
Cyan/PDX
1720 SW 4th AvePortland, OR 97201
close
View Me
Rent Specials
$1,604 - $5,570Studio to 2 Bedroom Apartments Available Now
Gossamer
255 NW 10th AvePortland, OR 97209
close
View Me
$1,616 - $3,4491 to 3 Bedroom Apartments Available Jun 15
Harrison Tower Apartment Homes
222 SW Harrison StPortland, OR 97201
close
View Me
$1,635 - $8,796
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,635 - $8,796
Total Monthly Price
Varies
Indigo
430 SW 13th AvePortland, OR 97205
close
View Me
Rent Specials
$1,699 - $11,084Studio to 3 Bedroom Apartments Available Now
Residences at 11W
1140 SW Washington StPortland, OR 97205
close
View Me
$1,799 - $4,5001 to 2 Bedroom Apartments Available Now
The Louisa Apartments
123 NW 12th AvePortland, OR 97209
close
View Me
$1,847 - $1,9721 Bedroom Apartments Contact Us For Availability
Everett Station Lofts
625 NW Everett StPortland, OR 97209
close
View Me
Studio to 2 Bedroom Apartments
St. James
1312 SW 10th AvePortland, OR 97201
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.
close
View Me
Studio Apartments
Everett Micro Lofts
306-318 NW BroadwayPortland, OR 97209
close
View Me
Studio to 2 Bedroom Apartments
Fifth Avenue Court
221 NW 5th AvePortland, OR 97209
close
View Me
Studio to 1 Bedroom Apartments
West Park Place
1415-1419 SW Park AvePortland, OR 97201
close
View Me
Studio to 2 Bedroom Apartments
Water Meade Apartments
103 S Meade StPortland, OR 97201
close
View Me
Studio Apartments
Rosenbaum
1200-1218 SW Washington StPortland, OR 97205
close
View Me
Studio to 2 Bedroom Apartments
Whitney Gray
409 SW 12th AvePortland, OR 97205
close
View Me
Studio to 2 Bedroom Apartments
Maurice Dear Apartments
411 SW 12th AvePortland, OR 97205
close
View Me
Studio Apartments
The Arthur
726 SW 11th AvePortland, OR 97205
close
View Me
Studio to 1 Bedroom Apartments
333 Oak
333 SW Oak StPortland, OR 97204
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
close
View Me
1 to 2 Bedroom Apartments
Gallery Park Apartments
1436 SW Park AvePortland, OR 97201
2803 SW 1st Ave
PortlandOR97201
300 NW 8th Ave
PortlandOR97209
close
View Me
1 Bedroom Apartments
Oregon House Apartments
1200 SW Park AvePortland, OR 97205
Showing Results 1-49, Page 1 of 1
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 | $1,202 | $470 | $2,397 |
| Waterfront 1 Bedroom Apartments | $1,790 | $1,056 | $3,899 |
| Waterfront 2 Bedroom Apartments | $2,760 | $1,264 | $8,276 |
| Waterfront 3 Bedroom Apartments | $3,918 | $1,458 | $9,528 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Waterfront, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Waterfront Apartments for Rent
The cheapest available apartment rental in the Waterfront area of Portland, OR is a Studio unit found at Waterleaf priced from $480. Helen Swindells Building has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here are the most affordable Waterfront apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| Helen Swindells Building | 0x1 | Studio,1BA | $500 |
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Fountain Place Apartments | Studio - 60% | Studio,1BA | $860 |
| Westshore | studio | Studio,1BA | $869 |
| Regency Apartments | Studio A | Studio,1BA | $875 |
| Morrison Park Apartments | 0BR/1.0BA | Studio,1BA | $875 |
| Washington Plaza Apartments | s5fl 275 | Studio,1BA | $915 |
| Beverly Alder Apartments | 0BR/1.0BA | Studio,1BA | $925 |
| Maurice Dear Apartments | Studio | Studio,1BA | $950 |
Best Value Apartments for Rent in Waterfront, OR
As of June 13, 2026 the best value apartment in the Waterfront area is the $1.46 price per square foot Two Bedroom Model at Gallery Park Apartments in the in the Northwest Portland neighborhood starting from $1,750. The second greatest value Waterfront apartment is the 105 Model at Everett Station Lofts starting at $1,847 with a $2.06 price per square foot in the Pearl District neighborhood. Here is today’s list of the best values for Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gallery Park Apartments | Two Bedroom | 2BR,2BA | $1.46 |
| Everett Station Lofts | 105 | 1BR,1BA | $2.06 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.83 |
| linc245 Apartments | 1x1 670 sq. ft. Columbia | 1BR,1BA | $2.31 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $2.24 |
| Westshore | studio | Studio ,1BA | $2.17 |
| Fountain Place Apartments | Studio - 60% | Studio ,1BA | $2.37 |
| Modern Rich Apartments | 0BR/1.0BA | Studio ,1BA | $2.16 |
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
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 ArticleA 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 ArticleReal 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 ArticleQuick 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.
Let everyone know!
Do you know the Waterfront area?
If you’re an expert on all things Waterfront, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleWaterfront, Portland, OR
Ranked #36
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Oregon, including Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
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 $950.
What is the price of a cheap apartment in Waterfront?
The cheapest apartment in Waterfront is Westfal Apartments which is listed at $1,025, while the average apartment in Waterfront costs $3,400.
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 88 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 $543 which is $2,857 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
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.
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.
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.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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.
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.