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$470 - $1,458Studio to 3 Bedroom Apartments Available Soon
The Vera
2045 SW River PkyPortland, OR 97201
Cheap Apartments for Rent in the Waterfront Neighborhood of Portland, OR from $470 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Portland.
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$500Studio Apartments Available Soon
Helen Swindells Building
2-16 NW BroadwayPortland, OR 97209
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$649Studio Apartments Available Now
Modern Rich Apartments
205-217 NW Couch StPortland, OR 97209
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$799 - $1,299Studio to 2 Bedroom Apartments Available Now
Fifth Avenue Place Apartments
314 NW 5th AvePortland, OR 97209
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$860Studio Apartments Available Sep 16
Fountain Place Apartments
929 SW Salmon StPortland, OR 97205
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$875Studio Apartments Available Now
Morrison Park Apartments
803 SW Morrison StPortland, OR 97205
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Rent Specials
$899 - $1,325
Total Monthly Price
Base Rent$899 - $1,325
Total Monthly Price$899 - $1,325
Koz on 4th
2211 SW 4th AvePortland, OR 97201
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$900 - $1,000Studio Apartments Available Now
Regency Apartments
1410 SW BroadwayPortland, OR 97201
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Rent Specials
$945 - $1,145
Total Monthly Price
Base Rent$945 - $1,145
Total Monthly Price$945 - $1,145
Washington Plaza Apartments
1129 SW Washington StPortland, OR 97205
318 NW Broadway
PortlandOR97209
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.
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$1,025 - $1,5951 to 2 Bedroom Apartments Available Now
Westfal Apartments
1880 SW 5th AvePortland, OR 97201
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$1,028 - $1,316Studio to 1 Bedroom Apartments Available Now
WestShore Apartments
222 SW Pine StPortland, OR 97204
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$1,050 - $1,300Studio to 1 Bedroom Apartments Available Now
Beverly Alder Apartments
1103-1117 SW Alder StPortland, OR 97205
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$1,150 - $1,975Studio to 2 Bedroom Apartments Available Now
JEANNE MANOR APARTMENTS (JEAN01)
1431 SW Park AvePortland, OR 97201
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$1,195 - $1,400Studio Apartments Available Now
Sovereign Building
1207 SW BroadwayPortland, OR 97205
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$1,246 - $1,798Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$1,271 - $4,460Studio to 2 Bedroom Apartments Available Now
Ladd
1300 SW Park AvePortland, OR 97201
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Rent Specials
$1,287 - $8,387
Total Monthly Price
Base Rent$1,287 - $8,387
Total Monthly PriceVaries
Amara
15 NW Park AvePortland, OR 97209
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$1,299 - $2,260
Total Monthly Price
Base Rent$1,299 - $2,260
Total Monthly Price$1,299 - $2,260
230 Ash
230 SW Ash StPortland, OR 97204
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$1,299 - $2,589
Total Monthly Price
Base Rent$1,299 - $2,589
Total Monthly Price$1,299 - $2,589
Collective on 4th
1818 SW 4th AvePortland, OR 97201
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.
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$1,300 - $2,1171 to 2 Bedroom Apartments Available Now
linc301 Apartments
301 SW Lincoln StPortland, OR 97201
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$1,325 - $1,695
Total Monthly Price
Base Rent$1,325 - $1,695
Total Monthly PriceVaries
38 Davis
38 NW Davis StPortland, OR 97209
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$1,334 - $2,950
Total Monthly Price
Base Rent$1,334 - $2,950
Total Monthly PriceVaries
The Douglas
1811 SW River DrPortland, OR 97201
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$1,375 - $4,378Studio to 3 Bedroom Apartments Available Now
Couch9
135 NW 9th AvePortland, OR 97209
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$1,399 - $3,949
Total Monthly Price
Base Rent$1,399 - $3,949
Total Monthly Price$1,399 - $3,949
Arrive University Park
1720 SW 4th AvePortland, OR 97201
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$1,400 - $1,875
Total Monthly Price
Base Rent$1,400 - $1,875
Total Monthly PriceVaries
mResidences Portland Pearl District
1155 NW Everett StPortland, OR 97209
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$1,486 - $5,8781 to 3 Bedroom Apartments Available Now
Harrison Tower Apartment Homes
222 SW Harrison StPortland, OR 97201
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$1,552 - $3,250Studio to 2 Bedroom Apartments Available Now
Park Avenue West
750 SW 9th AvePortland, OR 97205
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$1,574 - $3,1961 to 2 Bedroom Apartments Available Now
Essex House
1330 SW 3rd AvePortland, OR 97201
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Rent Specials
$1,615 - $5,120
Total Monthly Price
Base Rent$1,615 - $5,120
Total Monthly PriceVaries
Portland Astoria
140 SW Columbia StPortland, OR 97201
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
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$1,655 - $2,612Studio to 2 Bedroom Apartments Available Now
linc245 Apartments
245 SW Lincoln StPortland, OR 97201
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$1,662 - $2,794Studio to 2 Bedroom Apartments Available Now
Gossamer
255 NW 10th AvePortland, OR 97209
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$1,684 - $4,5001 to 2 Bedroom Apartments Available Now
The Louisa Apartments
123 NW 12th AvePortland, OR 97209
1500 SW Park Ave, Unit 306
1500 SW Park Ave
PortlandOR97201
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$1,847 - $1,9721 Bedroom Apartments Available Now
Everett Station Lofts
625 NW Everett StPortland, OR 97209
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$1,870 - $8,611
Total Monthly Price
Base Rent$1,870 - $8,611
Total Monthly PriceVaries
Indigo
430 SW 13th AvePortland, OR 97205
1500 SW Park Ave
PortlandOR97201
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$1,997 - $5,948Studio to 3 Bedroom Apartments Available Now
Residences at 11W
1140 SW Washington StPortland, OR 97205
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Studio to 2 Bedroom Apartments
St. James
1312 SW 10th AvePortland, OR 97201
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Studio Apartments
Everett Micro Lofts
306-318 NW BroadwayPortland, OR 97209
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.
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Studio to 2 Bedroom Apartments
Fifth Avenue Court
221 NW 5th AvePortland, OR 97209
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Studio to 2 Bedroom Apartments
Maurice Dear Apartments
411 SW 12th AvePortland, OR 97205
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Studio to 2 Bedroom Apartments
Water Meade Apartments
103 S Meade StPortland, OR 97201
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Studio Apartments
Rosenbaum
1200-1218 SW Washington StPortland, OR 97205
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Studio to 1 Bedroom Apartments
West Park Place
1415-1419 SW Park AvePortland, OR 97201
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Studio Apartments
The Arthur
726 SW 11th AvePortland, OR 97205
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Studio to 1 Bedroom Apartments
333 Oak
333 SW Oak StPortland, OR 97204
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1 to 2 Bedroom Apartments
Gallery Park Apartments
1436 SW Park AvePortland, OR 97201
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Studio to 1 Bedroom Apartments
Julia West House
580 SW 13th AvePortland, OR 97205
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Studio to 2 Bedroom Apartments
Whitney Gray
409 SW 12th AvePortland, OR 97205
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.
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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 | $1,263 | $470 | $2,581 |
| Waterfront 1 Bedroom Apartments | $1,790 | $1,056 | $3,734 |
| Waterfront 2 Bedroom Apartments | $2,629 | $1,264 | $6,618 |
| Waterfront 3 Bedroom Apartments | $2,887 | $1,458 | $8,611 |
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 56 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
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Cheapest Available Waterfront Apartments for Rent
The cheapest available apartment rental in the Waterfront area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Fifth Avenue Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Waterfront apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Fifth Avenue Place Apartments | Studio 425 | Studio,1BA | $799 |
| Morrison Park Apartments | 0BR/1.0BA | Studio,1BA | $875 |
| Regency Apartments | Studio A | Studio,1BA | $900 |
| Koz on 4th | Essential Studio | Studio,1BA | $946 |
| Maurice Dear Apartments | Studio | Studio,1BA | $995 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1,025 |
| WestShore Apartments | Studio | Studio,1BA | $1,028 |
| Beverly Alder Apartments | Studios Faces Lightwell (330sq ft '07s & '08s) | Studio,1BA | $1,050 |
| Rosenbaum | Studio | Studio,1BA | $1,105 |
Best Value Apartments for Rent in Waterfront, OR
As of September 12, 2026 the best value apartment in the Waterfront area is the $2.06 price per square foot 105 Model at Everett Station Lofts in the in the Pearl District neighborhood starting from $1,847. The second greatest value Waterfront apartment is the 2BR/2.0BA Model at cabk01 starting at $1,995 with a $2.24 price per square foot in the Northwest Portland 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. |
|---|---|---|---|
| Everett Station Lofts | 105 | 1BR,1BA | $2.06 |
| cabk01 | 2BR/2.0BA | 2BR,2BA | $2.24 |
| linc245 Apartments | 1x1 670 sq. ft. Columbia | 1BR,1BA | $2.47 |
| Essex House | Plan 1CR | 1BR,1BA | $2.52 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.10 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Harrison West | 1BR/1.0BA | 1BR,1BA | $2.42 |
| Waterleaf | Studio | Studio ,1BA | $2.17 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $1.88 |
| 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!
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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.
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 ArticleNavigating 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.
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.
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Pet Friendly LifestyleWaterfront, Portland, OR
Ranked #37
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 the Cheapest Studio apartment in Waterfront?
Currently the most affordable Cheap Studio Apartment in Waterfront is at Modern Rich Apartments listed at $649.
How much is rent for a Cheap One Bedroom Waterfront Apartment?
The lowest price for a Cheap One Bedroom Waterfront Apartment is $1,025 at Westfal Apartments.
What is the lowest price for a Cheap Two Bedroom Waterfront Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterfront is starting from $1,299 at Fifth Avenue Place Apartments.
What is the most affordable Waterfront Three Bedroom Apartment?
The best deal on a cheap Waterfront Three Bedroom Apartment rental is at Waterleaf and starts from $1,798.
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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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.
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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.
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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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