Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $800 (48 Rentals)

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Cheap Apartments in the Homestead area of Portland.

Navigating 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.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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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WaterLane Apartments
1 Bedroom Apartments

WaterLane Apartments

3807-3811 SW Water AvePortland, OR 97239
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Water Meade Apartments
Studio to 1 Bedroom Apartments

Water Meade Apartments

103 S Meade StPortland, OR 97201
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650 SW Sherman St
1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
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Hoodview Apartments
1 Bedroom Apartments

Hoodview Apartments

3300 SW Hood AvePortland, OR 97239
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City's Edge
1 Bedroom Apartments

City's Edge

4210-4230 SW View Point TerPortland, OR 97239
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The Allison
1 Bedroom Apartments

The Allison

3210 SW 12th AvePortland, OR 97239
Showing Results 1-48, Page 1 of 1

Homestead, Portland, OR Local Guide

Cheapest Available Homestead Apartments for Rent

 

The cheapest available apartment rental in the Homestead area of Portland, OR is a Studio unit found at Koz on 4th priced from $912. Park Avenue Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Homestead apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$912
Park Avenue GardensStudioStudio,1BA$999
The Fredrick0x1Studio,1BA$1,020
Westfal ApartmentsOne Bedroom1BR,1BA$1,095
AcquaStudioStudio,1BA$1,125
Park PlazaStudioStudio,1BA$1,140
The AmyBurnsideStudio,1BA$1,150
WaterleafStudio-60%Studio,1BA$1,220
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$1,250
Sanctuary ApartmentsHamilton AStudio,1BA$1,265

Best Value Apartments for Rent in Homestead, OR

As of May 03, 2025 the best value apartment in the Homestead area is the $1.66 price per square foot Two Bedroom Model at Marquam Heights in the in the Southwest Portland neighborhood starting from $2,330. The second greatest value Homestead apartment is the 2x2 1060 sq. ft. Broadway Model at linc245 Apartments starting at $2,405 with a $2.27 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for Homestead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Marquam HeightsTwo Bedroom2BR,2BA$1.66
linc245 Apartments2x2 1060 sq. ft. Broadway2BR,2BA$2.27
Greenbriar Village3 Bed 1.5 Bath3BR,1.5BA$2.03
linc301 Apartments1x1 + Den 828 sq. ft. Sellwood1BR,1BA$2.04
Downtown Living Starts At Lair Hill1x11BR,1BA$1.82
Hilltop House Apartments1 bedroom 1 bath large1BR,1BA$1.96
Modern New Construction 1BR/1.0BA1BR,1BA$2.13
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
WaterleafStudio-60%Studio ,1BA$2.13
Park Avenue GardensStudioStudio ,1BA$2.04

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Homestead, Portland, OR

Ranked #37

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, 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 easy access to the parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Homestead Apartments

What is a cheap apartment in Homestead?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homestead is under $1,265.

What is the price of a cheap apartment in Homestead?

The cheapest apartment in Homestead is Westfal Apartments which is listed at $1,095, while the average apartment in Homestead costs $2,687.

What types of apartments are the cheapest in Homestead?

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 7 regular apartments in Homestead 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 Homestead?

Cheap apartments in Homestead have an average cost of $197 which is $2,490 cheaper than the average rent for all rentals in Homestead.

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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.