Cheap Apartments for Rent in the Inner Southeast Neighborhood of Portland, OR from $500 (50 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Inner Southeast 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

Read Article
close
View Me
4647 SE 40th Ave
$1,450Studio, 1 Bath RentalsAvailable Now

4647 SE 40th Ave

Portland, OR 97202
View Details
close
View Me
Z_Esperanza Court
1 to 2 Bedroom Apartments

Z_Esperanza Court

3611 SE 28th AvePortland, OR 97202
Utilities inc.
close
View Me
Z_Kateri Park
2 to 3 Bedroom Apartments

Z_Kateri Park

3640 SE 28th AvePortland, OR 97202
Utilities inc.
close
View Me
Cedar Flats
Studio to 2 Bedroom Apartments

Cedar Flats

3727-3779 SE 40th AvePortland, OR 97202
Utilities inc.
close
View Me
Wimbledon Gardens
Studio Apartments

Wimbledon Gardens

4841-5015 SE 30th AvePortland, OR 97202
close
View Me
Enclave 54
Studio Apartments

Enclave 54

5434 SE Milwaukie AvePortland, OR 97202
Utilities inc.
close
View Me
Oliver Apartments
1 to 2 Bedroom Apartments

Oliver Apartments

4330 SE Division StPortland, OR 97206
close
View Me
Creston Villa
1 to 2 Bedroom Apartments

Creston Villa

3608 SE 40th AvePortland, OR 97202
close
View Me
4425 SE 26TH Ave
1 Bedroom Apartments

4425 SE 26TH Ave

4425 SE 26TH AvePortland, OR 97202
close
View Me
Cedar Flats
1 to 2 Bedroom Apartments

Cedar Flats

3702 SE 39th AvePortland, OR 97202
Utilities inc.
Showing Results 1-50, Page 1 of 1

Inner Southeast, Portland, OR Local Guide

Cheapest Available Inner Southeast Apartments for Rent

 

The cheapest available apartment rental in the Inner Southeast area of Portland, OR is a Studio unit found at The Tristan priced from $995. Enclave 54 has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Inner Southeast apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The TristanStudioStudio,1BA$995
Enclave 54Studio 3Studio,1BA$995
Dean RiverStudioStudio,1BA$1,049
Wimbledon Square And GardensWindermereStudio,1BA$1,059
Brookland ApartmentsStudio, 1 BathroomStudio,1BA$1,149
Clinton CourtStudioStudio,1BA$1,195
Warnell Apartments!1BR/1.0BA1BR,1BA$1,195
Grand BelmontStudio 2Studio,1BA$1,245
The Margot2919 SE Division Street - 402Studio,1BA$1,250
RothkoStudioStudio,1BA$1,250

Best Value Apartments for Rent in Inner Southeast, OR

As of February 27, 2025 the best value apartment in the Inner Southeast area is the $2.20 price per square foot Three Bedroom Model at Sunshine Portland in the in the Southeast Portland neighborhood starting from $2,499. The second greatest value Inner Southeast apartment is the 2 Bedroom 2 Bath Model at Garden Park Apartments starting at $2,103 with a $1.93 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Inner Southeast apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunshine PortlandThree Bedroom3BR,1BA$2.20
Garden Park Apartments2 Bedroom 2 Bath2BR,2BA$1.93
The Enclave3 Bedroom3BR,1BA$1.97
The Tristan2BR 2 BA2BR,2BA$1.98
4119 SE Steele St, Unit 4119 SE Steele St4119 SE Steele St2BR,1BA$2.23
Waverleigh Apartments2 Bedroom Up2BR,1BA$2.18
Milwaukie Avenue ApartmentsBottom Floor2BR,1BA$1.81
3013 SE Waverleigh BlvdTwo Bedroom2BR,1BA$2.33
Moreland Place Apartments1x11BR,1BA$2.25
Warnell Apartments!1BR/1.0BA1BR,1BA$2.39

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Inner Southeast, Portland, OR

Ranked #45

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Inner Southeast, Portland, OR

School data provided by Great Schools

Best Local Schools in
Inner Southeast, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States, including Portland. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, family-friendliness, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Inner Southeast Apartments

What is the Cheapest Studio apartment in Inner Southeast?

Currently the most affordable Cheap Studio Apartment in Inner Southeast is at The Tristan listed at $995.

How much is rent for a Cheap One Bedroom Inner Southeast Apartment?

The lowest price for a Cheap One Bedroom Inner Southeast Apartment is $1,177 at Wimbledon Square And Gardens.

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

Today's best deal for a Cheap Two Bedroom Apartment in Inner Southeast is starting from $1,362 at Wimbledon Square And Gardens.

What is the most affordable Inner Southeast Three Bedroom Apartment?

The best deal on a cheap Inner Southeast Three Bedroom Apartment rental is at The Enclave and starts from $1,950.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.