Cheap Apartments for Rent in the Madison South Neighborhood of Portland, OR from $900 (11 Rentals)

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

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JOHN JAMES
Studio Apartments

JOHN JAMES

4125 NE 82nd AvePortland, OR 97220
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The Squire
1 to 2 Bedroom Apartments

The Squire

10315-10339 NE Fremont StPortland, OR 97220

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

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 ListingModel NameBed/BathPriced From
JOHN JAMES0x1Studio,1BA$925
Buri BuildingStudio ADAStudio,1BA$934
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1,075
White Willow Apartments1x11BR,1BA$1,125
The Hawthorne1x1a1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Binford2x12BR,1BA$1.72
Beverly Grove Apartments2 BEDROOM 1 BATH2BR,1BA$1.83
Heights at Columbia Knoll Senior Apartments2-Bedroom2BR,2BA$1.73
Hancock East2BR/2.0BA2BR,2BA$1.66
Sandy Terrace Apartments3BR/1.0BA3BR,1BA$1.91
The Bluebird2 Bedroom2BR,1BA$1.89
Terrace At Columbia Knoll Apartments1 Bedroom, 1 Bath1BR,1BA$2.11
Rose City Center Apartments - 55 and Over1111BR,1BA$2.13
White Willow Apartments1x11BR,1BA$2.20
JOHN JAMES0x1Studio ,1BA$2.06

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Pet Friendly Lifestyle
Madison South, Portland, OR

Ranked #145

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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.

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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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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.

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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.