Cheap Apartments for Rent in the South Portland Neighborhood of Portland, OR from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Portland area of Portland.

Sanctuary Apartments

Acqua

The Douglas

The Dylan

Medina

The Emery

Terwilliger

The Matisse
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

Griffis South Waterfront

5911 S Corbett Ave, Unit 2

The Olivia

3719 S Hood Ave

Osprey
South Portland, Portland, OR Local Guide

How much does it cost to rent an apartment in South Portland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Portland Studio Apartments | $1,461 | $912 | $5,169 |
South Portland 1 Bedroom Apartments | $1,940 | $1,140 | $6,118 |
South Portland 2 Bedroom Apartments | $3,791 | $1,458 | $9,214 |
South Portland 3 Bedroom Apartments | $4,397 | $1,678 | $7,270 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the South Portland Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
South Portland, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Koz on 4th | Studio | Studio,1BA | $912 |
Waterleaf | Studio-60% | Studio,1BA | $1,156 |
Acqua | Studio | Studio,1BA | $1,175 |
Sanctuary Apartments | Hamilton D | Studio,1BA | $1,220 |
The Emery | Studio B | Studio,1BA | $1,285 |
Corbett Heights | Studio A4 | Studio,1BA | $1,288 |
Terwilliger | 1 x 1 | 1BR,1BA | $1,300 |
The Matisse | 01F1 | Studio,1BA | $1,330 |
The Dylan | P-S1.1 | Studio,1BA | $1,351 |
Griffis South Waterfront | Columbia | Studio,1BA | $1,353 |
Best Value Apartments for Rent in South Portland, OR
As of March 23, 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 $2,540 with a $2.34 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Douglas | 3x1 Pettygrove | 3BR,1BA | $2.30 |
The Matisse | 22F1 | 2BR,2BA | $2.34 |
Downtown Living Starts At Lair Hill | 1x1 | 1BR,1BA | $1.70 |
Terwilliger | 1 x 1 | 1BR,1BA | $1.73 |
Ella | A4.1-4.2 | 1BR,1BA | $2.65 |
Boathouse | 1 Bed D | 1BR,1BA | $2.58 |
Modern New Construction | 1BR/1.0BA | 1BR,1BA | $2.13 |
5911 S Corbett Ave, Unit 2 | 5911 S Corbett Ave | 1BR,1BA | $2.33 |
Waterleaf | Studio-60% | Studio ,1BA | $2.02 |
Corbett Heights | Studio A5 | Studio ,1BA | $2.60 |
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.
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 $1,353.
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 56 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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.