Cheap Homes for Rent in Reed Neighborhood of Portland, OR from $900 (15 Rentals)

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Search the lowest-cost Homes available for rent right now in the Reed 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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Reed, Portland, OR Local Guide

Cheapest Available Reed Apartments for Rent

 

The cheapest available apartment rental in the Reed area of Portland, OR is a Studio unit found at Enclave 54 priced from $985. The Tristan has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Reed apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Enclave 54Studio 2Studio,1BA$985
The TristanStudioStudio,1BA$995
Dean RiverStudioStudio,1BA$1,049
Portrose1BR/1.0BA1BR,1BA$1,050
Brooklyn FlatsStudio / 1 bathStudio,1BA$1,100

Best Value Apartments for Rent in Reed, OR

As of April 13, 2025 the best value apartment in the Reed area is the $2.10 price per square foot 3x3.5 Model at Steeple Townhomes in the in the Southeast Portland neighborhood starting from $3,295. The second greatest value Reed apartment is the Studio Model at Z_Caritas Sacred Heart Villa starting at $1,438 with a $0.96 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Reed apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Steeple Townhomes3x3.53BR,3.5BA$2.10
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Garden Park Apartments2 Bedroom 1 Bath2BR,1BA$2.06
5631 SE Boise St, Unit Lower5631 SE Boise St2BR,1BA$2.00
Ashley Court Apartments2 Bedroom / 1.0 Bath2BR,1BA$1.76
The Enclave2 Bedroom2BR,1BA$1.92
Park LandingUpstairs2BR,1BA$2.06
Portrose1BR/1.0BA1BR,1BA$1.43
Moreland Place Apartments2x1RV2BR,1BA$2.11
Tristin Square Apartments1 Bedroom, 1 Bath lg1BR,1BA$2.00

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Frequently Asked Questions about Reed

What type of rentals are currently available in Reed?

There are currently 777 Apartments for Rent in Reed, OR with pricing that ranges from $650 to $10,000. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reed ranging from $995 to $4,300.

What is the current price range for Rental Homes in Reed?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reed ranges from $995 to $4,300 with an average monthly rent of $2,583.

How much are larger Three and Four Bedroom Rentals in Reed?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Reed range from $1,895 to $7,270, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $3,565. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $3,595.

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.

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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.