Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $600 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Homestead area of Portland.

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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Park Avenue Gardens
1 Bedroom Apartments

Park Avenue Gardens

2073 SW Park AvePortland, 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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Corbett Heights
Studio to 1 Bedroom Apartments

Corbett Heights

SW Corbett AvePortland, OR 97239
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Hoodview Apartments
1 Bedroom Apartments

Hoodview Apartments

3300 SW Hood AvePortland, OR 97239
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The Allison
1 Bedroom Apartments

The Allison

3210 SW 12th AvePortland, OR 97239
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Boathouse
Studio to 2 Bedroom Apartments

Boathouse

0444 SW Boundary StPortland, OR 97239
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City's Edge
1 Bedroom Apartments

City's Edge

4210-4230 SW View Point TerPortland, OR 97239
Showing Results 1-50, Page 1 of 2

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. The Fredrick has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Homestead apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$912
The Fredrick0x1Studio,1BA$1,000
Modern New Construction 0BR/1.0BAStudio,1BA$1,075
The AmyBurnsideStudio,1BA$1,095
Westfal ApartmentsOne Bedroom1BR,1BA$1,095
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1,099
Park PlazaStudioStudio,1BA$1,099
WaterleafStudio-60%Studio,1BA$1,156
AcquaStudioStudio,1BA$1,175
The Matisse01F1Studio,1BA$1,195

Best Value Apartments for Rent in Homestead, OR

As of March 10, 2025 the best value apartment in the Homestead area is the $1.74 price per square foot svth1 Model at Sophia's View in the in the Southwest Portland neighborhood starting from $3,610. The second greatest value Homestead apartment is the 3x1 Pettygrove Model at The Douglas starting at $3,150 with a $2.30 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.
Sophia's Viewsvth12BR,2BA$1.74
The Douglas3x1 Pettygrove3BR,1BA$2.30
EllaA7.1-7.21BR,1BA$2.15
Hilltop House1 bedroom 1 bath large1BR,1BA$1.96
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1.64
The Matisse01F1Studio ,1BA$1.86
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.09
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
930 SW Gibbs St, Unit 5930 SW Gibbs St1BR,1BA$2.08
WaterleafStudio-60%Studio ,1BA$2.02

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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 the Cheapest Studio apartment in Homestead?

Currently the most affordable Cheap Studio Apartment in Homestead is at Koz on 4th listed at $912.

How much is rent for a Cheap One Bedroom Homestead Apartment?

The lowest price for a Cheap One Bedroom Homestead Apartment is $1,081 at Koz on 4th.

What is the lowest price for a Cheap Two Bedroom Homestead Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Homestead is starting from $1,400 at Westfal Apartments.

What is the most affordable Homestead Three Bedroom Apartment?

The best deal on a cheap Homestead Three Bedroom Apartment rental is at Waterleaf and starts from $1,678.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.