Cheap Homes for Rent in South Portland Neighborhood of Portland, OR from $1,400 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in the South Portland area of Portland.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Best Value Apartments for Rent in South Portland, OR

As of May 19, 2025 the best value apartment in the South Portland area is the $2.82 price per square foot Studio - Douglas Fir - 784 Model at The Ardea Apartments in the in the Southwest Portland neighborhood starting from $2,180. The second greatest value South Portland apartment is the 2 Bed 1 Bath Model at Greenbriar Village starting at $1,458 with a $1.89 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 Ardea ApartmentsStudio - Douglas Fir - 784Studio ,1BA$2.82
Greenbriar Village2 Bed 1 Bath2BR,1BA$1.89
The DylanP-A18 B1BR,1BA$2.80
The Douglas1x1 TH "A" Everett1BR,1BA$2.72
The Matisse01F1Studio ,1BA$2.48
WaterleafStudio-60%Studio ,1BA$2.13
EllaS3Studio ,1BA$2.94
Urban Living, Elevated ComfortG | 528sf1BR,1BA$2.92
AcquaOne Bedroom1BR,1BA$2.77
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 128 Apartments for Rent in South Portland, OR with pricing that ranges from $958 to $10,000. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,495 to $3,595.

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 $1,495 to $3,595 with an average monthly rent of $2,037.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.