Cheap Apartments for Rent in the South Portland Neighborhood of Portland, OR from $600 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Portland 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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WaterLane Apartments
1 Bedroom Apartments

WaterLane Apartments

3807-3811 SW Water AvePortland, OR 97239
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Water Meade Apartments
Studio to 1 Bedroom Apartments

Water Meade Apartments

103 S Meade StPortland, OR 97201
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650 SW Sherman St
1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
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  • Smoke Free
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Hoodview Apartments
1 Bedroom Apartments

Hoodview Apartments

3300 SW Hood AvePortland, OR 97239
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Boathouse
Studio to 2 Bedroom Apartments

Boathouse

0444 SW Boundary StPortland, OR 97239
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City's Edge
1 Bedroom Apartments

City's Edge

4210-4230 SW View Point TerPortland, OR 97239
Showing Results 1-29, Page 1 of 1

South Portland, Portland, OR Local Guide

Cheapest Available South Portland Apartments for Rent

 

The cheapest available apartment rental in the South Portland area of Portland, OR is a Studio unit found at Koz on 4th priced from $912. Waterleaf has the second lowest priced unit, which is a Studio apartment currently listed from $1,156. Here are the most affordable South Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$912
WaterleafStudio-60%Studio,1BA$1,156
Sanctuary ApartmentsHamilton BStudio,1BA$1,181
AcquaStudioStudio,1BA$1,199
Corbett HeightsStudio A5Studio,1BA$1,299
Terwilliger1 x 11BR,1BA$1,300
The EmeryStudio BStudio,1BA$1,336
The DylanP-S1.1Studio,1BA$1,351
Griffis South WaterfrontSandyStudio,1BA$1,368
The Matisse01F1Studio,1BA$1,375

Best Value Apartments for Rent in South Portland, OR

As of March 28, 2025 the best value apartment in the South Portland area is the $2.30 price per square foot 3x1 Pettygrove Model at The Douglas in the in the Southwest Portland neighborhood starting from $3,150. The second greatest value South Portland apartment is the 22F1 Model at The Matisse starting at $2,535 with a $2.33 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for South Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Douglas3x1 Pettygrove3BR,1BA$2.30
The Matisse22F12BR,2BA$2.33
Fulton Park ApartmentsFulton Regular 2 Bedrooms, Downstairs (1&10)2BR,1BA$2.01
Downtown Living Starts At Lair Hill1x11BR,1BA$1.70
Terwilliger1 x 11BR,1BA$1.73
Boathouse1 Bed D1BR,1BA$2.59
Modern New Construction 1BR/1.0BA1BR,1BA$2.13
5911 S Corbett Ave, Unit 25911 S Corbett Ave1BR,1BA$2.33
WaterleafStudio-60%Studio ,1BA$2.02
Corbett HeightsStudio A5Studio ,1BA$2.60

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Oregon including South Portland, Portland, and the greater Portland area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, family-friendliness, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the South Portland Neighborhood in Portland, OR

Walk Score®

79 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

84 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

64 / 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 South Portland Apartments

What is a cheap apartment in South Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Portland is under $1,375.

What is the price of a cheap apartment in South Portland?

The cheapest apartment in South Portland is Koz on 4th which is listed at $1,140, while the average apartment in South Portland costs $4,045.

What types of apartments are the cheapest in South Portland?

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 4 regular apartments in South Portland 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 South Portland?

Cheap apartments in South Portland have an average cost of $419 which is $3,626 cheaper than the average rent for all rentals in South Portland.

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.