1500 SW 5th Ave, Unit 1805
1500 SW 5th Ave
PortlandOR97201
Cheap Homes for Rent in Waterfront Neighborhood of Portland, OR from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Portland.
111 SW Harrison St
PortlandOR97201
300 NW 8th Ave
PortlandOR97209
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.
327 NW Park Ave
PortlandOR97209
255 SW Harrison St
PortlandOR97201
333 NW 9th Ave
PortlandOR97209
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.
205 S Montgomery St
PortlandOR97201
Showing Results 1-7, Page 1 of 1
Waterfront, Portland, OR Local Guide
How much does it cost to rent a home in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront 2 Bedroom Homes for Rent | $2,515 | $2,195 | $2,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Portland, OR.
Explore 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 Helen Swindells Apartments priced from $412. Modern Rich Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Waterfront apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Helen Swindells Apartments | 0x1 | Studio,1BA | $412 |
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Fountain Place Apartments | Micro Studio | Studio,1BA | $680 |
Best Value Apartments for Rent in Waterfront, OR
As of February 13, 2026 the best value apartment in the Waterfront area is the $1.58 price per square foot Two Bedroom Model at Gallery Park Apartments in the in the Northwest Portland neighborhood starting from $1,890. The second greatest value Waterfront apartment is the 2x2 Jefferson TH w/1 Car Garage Model at The Douglas starting at $2,249 with a $2.43 price per square foot in the Southwest 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. |
|---|---|---|---|
| Gallery Park Apartments | Two Bedroom | 2BR,2BA | $1.58 |
| The Douglas | 2x2 Jefferson TH w/1 Car Garage | 2BR,2BA | $2.43 |
| linc245 Apartments | 1x1 755 sq. ft. Madison | 1BR,1BA | $2.48 |
| Essex House | Plan 1CR | 1BR,1BA | $2.40 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.10 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.83 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $1.89 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
| Modern Rich Apartments | 0BR/1.0BA | Studio ,1BA | $2.16 |
| Helen Swindells Apartments | 0x1 | Studio ,1BA | $1.72 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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 #52
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Waterfront
What type of rentals are currently available in Waterfront?
There are currently 100 Apartments for Rent in Waterfront, OR with pricing that ranges from $412 to $7,598. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $1,546 to $2,850.
What is the current price range for Rental Homes in Waterfront?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterfront ranges from $1,546 to $2,850 with an average monthly rent of $1,986.
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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.