1500 SW Park Ave
PortlandOR97201
Cheap Homes for Rent in the Waterfront Neighborhood of Portland, OR from $1,400 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Portland.
255 SW Harrison St
PortlandOR97201
300 NW 8th Ave, Unit 203
300 NW 8th Ave
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.
2803 SW 1st Ave
PortlandOR97201
300 NW 8th Ave
PortlandOR97209
1630 S Harbor Way
PortlandOR97201
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.
Showing Results 1-6, 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 | $4,539 | $2,370 | $7,500 |
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 6 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Portland, OR.
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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 $825. 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 | $825 |
| Morrison Park Apartments | 0BR/1.0BA | Studio,1BA | $875 |
Best Value Apartments for Rent in Waterfront, OR
As of August 24, 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 1x1 670 sq. ft. Columbia Model at linc245 Apartments starting at $1,570 with a $2.34 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. |
|---|---|---|---|
| Everett Station Lofts | 105 | 1BR,1BA | $2.06 |
| linc245 Apartments | 1x1 670 sq. ft. Columbia | 1BR,1BA | $2.34 |
| Essex House | Plan 1CR | 1BR,1BA | $2.52 |
| mResidences Portland Pearl District | 1x1 F | 1BR,1BA | $2.63 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.19 |
| Waterleaf | Studio | Studio ,1BA | $2.17 |
| Washington Plaza Apartments | 1bd1ba3fl 435 | 1BR,1BA | $2.63 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $1.94 |
| Morrison Park Apartments | 0BR/1.0BA | Studio ,1BA | $2.63 |
| 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.
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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
Frequently Asked Questions about Waterfront
What type of rentals are currently available in Waterfront?
There are currently 102 Apartments for Rent in Waterfront, OR with pricing that ranges from $470 to $7,249. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $1,400 to $7,500.
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 $1,400 to $7,500 with an average monthly rent of $3,005.
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
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.
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.
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.
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
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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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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