3717 S Corbett Ave
PortlandOR97239
Cheap Apartments for Rent in the South Waterfront Neighborhood of Portland, OR from $1,000 (19 Rentals)
Cheap Apartments in the South Waterfront area of Portland.
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from $1,295Studio to 2 Bedroom Apartments Available Now
The Dylan
3883 S Moody AvePortland, OR 97239
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from $1,335Studio to 4 Bedroom Apartments Available Now
The Douglas
1811 SW River DrPortland, OR 97201
3915 S Corbett Ave
PortlandOR97239
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from $1,540Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
Navigating the Rental Market: Tips for First-Time Renters
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from $1,5401 to 2 Bedroom Apartments Available Now
Urban Living, Elevated Comfort
3155 S Moody AvePortland, OR 97239
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from $1,515Studio to 2 Bedroom Apartments Available Now
The Olivia
3850 S Bond AvePortland, OR 97239
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from $1,650Studio to 2 Bedroom Apartments Available Now
Ella
3833 SW Bond AvePortland, OR 97239
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from $1,689Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
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from $1,8001 to 3 Bedroom Apartments Available Now
Willamette Tower
3820 S River PkyPortland, OR 97267
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3601 SW River Pkwy, Unit 707
3601 SW River Pkwy
PortlandOR97239
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3712 S Kelly Ave
PortlandOR97239
3724 S Kelly Ave
PortlandOR97239
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
3726 S Kelly Ave
PortlandOR97239
Showing Results 1-19, Page 1 of 1
South Waterfront, Portland, OR Local Guide
How much does it cost to rent an apartment in South Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Waterfront Studio Apartments | $1,821 | $1,220 | $7,114 |
| South Waterfront 1 Bedroom Apartments | $2,150 | $1,287 | $6,806 |
| South Waterfront 2 Bedroom Apartments | $4,028 | $1,540 | $10,000+ |
| South Waterfront 3 Bedroom Apartments | $4,523 | $1,773 | $7,270 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the South Waterfront Neighborhood of Portland, OR.
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South Waterfront, Portland, OR Local Guide
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Cheapest Available South Waterfront Apartments for Rent
The cheapest available apartment rental in the South Waterfront area of Portland, OR is a Studio unit found at Waterleaf priced from $1,220. The Douglas has the second lowest priced unit, which is a Studio apartment currently listed from $1,335. Here are the most affordable South Waterfront apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio-60% | Studio,1BA | $1,220 |
| The Douglas | Studio Irving | Studio,1BA | $1,335 |
| The Dylan | P-S1.1 | Studio,1BA | $1,422 |
| The Matisse | 01F1 | Studio,1BA | $1,540 |
| Urban Living, Elevated Comfort | G | 528sf | 1BR,1BA | $1,540 |
Best Value Apartments for Rent in South Waterfront, OR
As of May 07, 2025 the best value apartment in the South Waterfront area is the $2.83 price per square foot Sidecar One Bedroom One Bath - Hawthorne - 1111 Model at The Ardea Apartments in the in the Southwest Portland neighborhood starting from $3,140. The second greatest value South Waterfront apartment is the A4.1-4.2 Model at Ella starting at $1,725 with a $2.49 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for South Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Ardea Apartments | Sidecar One Bedroom One Bath - Hawthorne - 1111 | 1BR,1.5BA | $2.83 |
| Ella | A4.1-4.2 | 1BR,1BA | $2.49 |
| The Matisse | 01F1 | Studio ,1BA | $2.40 |
| The Olivia | A3.1 | 1BR,1BA | $3.14 |
| Osprey | A4 | 1BR,1BA | $3.22 |
| Waterleaf | Studio-60% | Studio ,1BA | $2.13 |
| Griffis South Waterfront | Wilson Platinum | Studio ,1BA | $3.36 |
| Urban Living, Elevated Comfort | G | 528sf | 1BR,1BA | $2.92 |
| The Dylan | P-S1.1 | Studio ,1BA | $2.96 |
| The Douglas | Studio Irving | Studio ,1BA | $3.03 |
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Pet Friendly LifestyleSouth Waterfront, Portland, OR
Ranked #99
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the South Waterfront Neighborhood in Portland, OR
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
96 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
75 / 100
Excellent Transit
Transit is convenient for most trips
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 Waterfront Apartments
What is a cheap apartment in South Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Waterfront is under $2,111.
What is the price of a cheap apartment in South Waterfront?
The cheapest apartment in South Waterfront is Waterleaf which is listed at $1,287, while the average apartment in South Waterfront costs $4,237.
What types of apartments are the cheapest in South Waterfront?
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 Waterfront 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 Waterfront?
Cheap apartments in South Waterfront have an average cost of $443 which is $3,794 cheaper than the average rent for all rentals in South Waterfront.
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
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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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