2803 SW 1st Ave
PortlandOR97201
Cheap Homes for Rent in South Portland Neighborhood of Portland, OR from $1,300 (1 Rental)
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
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South Portland, Portland, OR Local Guide
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How much does it cost to rent a home in South Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Portland 2 Bedroom Homes for Rent | $2,250 | $2,000 | $2,500 |
| South Portland 3 Bedroom Homes for Rent | $3,095 | $3,095 | $3,095 |
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Best Value Apartments for Rent in South Portland, OR
As of March 27, 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 $2,525 with a $2.32 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 | $2.32 |
| Downtown Living Starts At Lair Hill | 1x1 | 1BR,1BA | $1.70 |
| Terwilliger | 1 x 1 | 1BR,1BA | $1.73 |
| Boathouse | 1 Bed D | 1BR,1BA | $2.59 |
| 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 |
| Sanctuary Apartments | Hamilton A | Studio ,1BA | $2.76 |
Frequently Asked Questions about South Portland
What type of rentals are currently available in South Portland?
There are currently 124 Apartments for Rent in South Portland, OR with pricing that ranges from $912 to $10,000. There are also 7 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 $2,285.
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.
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.
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.