Cheap Homes for Rent in Reed Neighborhood of Portland, OR from $900 (13 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 $975. Studio Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. Here are the most affordable Reed apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Enclave 54Studio 1Studio,1BA$975
Studio Pointe ApartmentsStudio 1Studio,1BA$1,015
Dean RiverStudioStudio,1BA$1,049
Brooklyn FlatsStudio / 1 bathStudio,1BA$1,100
Brookland ApartmentsStudio, 1 BathroomStudio,1BA$1,149

Best Value Apartments for Rent in Reed, OR

As of March 25, 2025 the best value apartment in the Reed area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Reed apartment is the 22F1 Model at The Matisse starting at $2,530 with a $2.33 price per square foot in the Southwest 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.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
The Matisse22F12BR,2BA$2.33
Garden Park Apartments2 Bedroom 1 Bath2BR,1BA$2.09
The Tristan2BR 2 BA2BR,2BA$1.98
Creston Villa2 Bedroom 1 Bath2BR,1BA$1.77
Ashley Court Apartments2 Bedroom / 1.0 Bath2BR,1BA$1.76
Shady Glen ApartmentsTwo Bedroom 1 Bath2BR,1BA$1.64
Waverleigh Apartments2 Bedroom Up2BR,1BA$2.18
Tristin Square Apartments1 Bedroom, 1 Bath lg1BR,1BA$2.00
Clinton Court1X1 B1BR,1BA$2.27

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Frequently Asked Questions about Reed

What type of rentals are currently available in Reed?

There are currently 776 Apartments for Rent in Reed, OR with pricing that ranges from $950 to $10,000. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reed ranging from $995 to $4,900.

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 $4,900 with an average monthly rent of $2,628.

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.