
Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $900 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison South area of Portland.


Heights at Columbia Knoll Senior Apartments

White Willow Apartments

107th Apartments

The Hawthorne

Rose City Center Apartments - 55 and Over

Grant Park Village
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
Madison South, Portland, OR Local Guide

How much does it cost to rent an apartment in Madison South?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison South Studio Apartments | $1,068 | $934 | $3,580 |
Madison South 1 Bedroom Apartments | $1,838 | $978 | $4,055 |
Madison South 2 Bedroom Apartments | $2,225 | $1,127 | $5,061 |
Madison South 3 Bedroom Apartments | $1,918 | $1,649 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Madison South Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Madison South, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Madison South Apartments for Rent
 The cheapest available apartment rental in the Madison South area of Portland, OR is a Studio unit found at JOHN JAMES priced from $925. Buri Building has the second lowest priced unit, which is a Studio apartment currently listed from $934. Here are the most affordable Madison South apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
JOHN JAMES | 0x1 | Studio,1BA | $925 |
Buri Building | Studio ADA | Studio,1BA | $934 |
Heights at Columbia Knoll Senior Apartments | 1-Bedroom | 1BR,1BA | $1,075 |
White Willow Apartments | 1x1 | 1BR,1BA | $1,125 |
The Hawthorne | 1x1a | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Madison South, OR
As of March 28, 2025 the best value apartment in the Madison South area is the $1.72 price per square foot 2x1 Model at The Binford in the in the Southeast Portland neighborhood starting from $1,795. The second greatest value Madison South apartment is the 2 BEDROOM 1 BATH Model at Beverly Grove Apartments starting at $1,675 with a $1.83 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Madison South apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Binford | 2x1 | 2BR,1BA | $1.72 |
Beverly Grove Apartments | 2 BEDROOM 1 BATH | 2BR,1BA | $1.83 |
Heights at Columbia Knoll Senior Apartments | 2-Bedroom | 2BR,2BA | $1.73 |
Hancock East | 2BR/2.0BA | 2BR,2BA | $1.66 |
Sandy Terrace Apartments | 3BR/1.0BA | 3BR,1BA | $1.91 |
The Bluebird | 2 Bedroom | 2BR,1BA | $1.89 |
Terrace At Columbia Knoll Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $2.11 |
Rose City Center Apartments - 55 and Over | 111 | 1BR,1BA | $2.13 |
White Willow Apartments | 1x1 | 1BR,1BA | $2.20 |
JOHN JAMES | 0x1 | Studio ,1BA | $2.06 |
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.
Pet Friendly LifestyleMadison South, Portland, OR
Ranked #145
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Madison South, Portland, OR
Leodis V. McDaniel High School
School data provided by Great Schools
Best Local Schools in Madison South, Portland, OR
Leodis V. McDaniel High School
School data provided by Great Schools
Getting Around the Madison South Neighborhood in Portland, OR
Walk Score®
64 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
84 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
65 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Madison South Apartments
What is a cheap apartment in Madison South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison South is under $1,450.
What is the price of a cheap apartment in Madison South?
The cheapest apartment in Madison South is Buri Building which is listed at $978, while the average apartment in Madison South costs $1,847.
What types of apartments are the cheapest in Madison South?
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 41 regular apartments in Madison South 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 Madison South?
Cheap apartments in Madison South have an average cost of $464 which is $1,383 cheaper than the average rent for all rentals in Madison South.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.