Cheap Homes for Rent in South Portland Neighborhood of Portland, OR from $1,300 (4 Rentals)

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Search the lowest-cost Homes 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

Cheapest Neighborhoods for Apartments in South Portland, OR

Pricing Updated: 03/21/2025

Current apartment rentals in the South Portland, OR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for South Portland Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Best Value Apartments for Rent in South Portland, OR

As of March 21, 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 $2,465 with a $2.27 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$2.27
Downtown Living Starts At Lair Hill1x11BR,1BA$1.70
Terwilliger1 x 11BR,1BA$1.73
EllaA4.1-4.21BR,1BA$2.54
Modern New Construction 1BR/1.0BA1BR,1BA$2.13
5911 S Corbett Ave, Unit 25911 S Corbett Ave1BR,1BA$2.33
BoathouseStudio DStudio ,1BA$2.54
WaterleafStudio-60%Studio ,1BA$2.02
Corbett HeightsStudio A5Studio ,1BA$2.60

Frequently Asked Questions about South Portland

What type of rentals are currently available in South Portland?

There are currently 123 Apartments for Rent in South Portland, OR with pricing that ranges from $912 to $9,214. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,300 to $3,250.

What is the current price range for Rental Homes in South Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Portland ranges from $1,300 to $3,250 with an average monthly rent of $2,247.

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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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.

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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.