327 NW Park Ave
PortlandOR97209
Cheap Homes for Rent in Waterfront Neighborhood of Portland, OR from $1,600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Portland.
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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 | $2,075 | $2,050 | $2,100 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Waterfront, OR
As of July 23, 2025 the best value apartment in the Waterfront area is the $2.10 price per square foot 3x1 Pettygrove Model at The Douglas in the in the Southwest Portland neighborhood starting from $2,875. The second greatest value Waterfront apartment is the Two Bedroom Model at Gallery Park Apartments starting at $1,895 with a $1.58 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. |
|---|---|---|---|
| The Douglas | 3x1 Pettygrove | 3BR,1BA | $2.10 |
| Gallery Park Apartments | Two Bedroom | 2BR,2BA | $1.58 |
| linc301 Apartments | 2x1 828 sq. ft. Morrison | 2BR,1BA | $2.23 |
| linc245 Apartments | 1x1 670 sq. ft. Columbia | 1BR,1BA | $2.49 |
| mResidences Portland Pearl District | 1x1 C | 1BR,1BA | $2.63 |
| Waterleaf | Studio-60% | Studio ,1BA | $2.13 |
| 5th Avenue Place Apartments | Studio, 1 bath | Studio ,1BA | $1.67 |
| Fountain Place Apartments | Studio - 60% | Studio ,1BA | $1.69 |
| Morrison Park Apartments | Studio - 50% | Studio ,1BA | $2.60 |
| Modern Rich Apartments | 0BR/1.0BA | Studio ,1BA | $2.16 |
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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 $649 to $11,587. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $1,670 to $2,100.
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 $1,670 to $2,100 with an average monthly rent of $1,872.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.