Cheap Apartments for Rent in the South Waterfront Neighborhood of Portland, OR from $900 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Waterfront 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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Corbett Heights
Studio to 2 Bedroom Apartments

Corbett Heights

SW Corbett AvePortland, OR 97239
Showing Results 1-16, Page 1 of 1

South Waterfront, Portland, OR Local Guide

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 $997. Modern New Construction has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here are the most affordable South Waterfront apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudio-60%Studio,1BA$997
Modern New Construction 0BR/1.0BAStudio,1BA$1,125
The Matisse01F1Studio,1BA$1,285
The EmeryStudio BStudio,1BA$1,285
Corbett HeightsStudio A4Studio,1BA$1,288

Best Value Apartments for Rent in South Waterfront, OR

As of February 15, 2025 the best value apartment in the South Waterfront area is the $3.09 price per square foot Penthouse - 1959 Model at The Ardea Apartments in the in the Southwest Portland neighborhood starting from $6,045. The second greatest value South Waterfront apartment is the 22F1 Model at The Matisse starting at $2,310 with a $2.13 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Ardea ApartmentsPenthouse - 19592BR,2.5BA$3.09
The Matisse22F12BR,2BA$2.13
OspreyB32BR,1BA$3.11
The Douglas1x1 TH "A" Everett1BR,1BA$2.65
The DylanA3 B1BR,1BA$2.89
EllaS1Studio ,1BA$2.62
WaterleafStudio-60%Studio ,1BA$1.74
The OliviaA21BR,1BA$3.09
The Emery1 Bedroom E1BR,1BA$2.97
Corbett HeightsStudio A5Studio ,1BA$2.60

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Pet Friendly Lifestyle
South Waterfront, Portland, OR

Ranked #101

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 the Cheapest Studio apartment in South Waterfront?

Currently the most affordable Cheap Studio Apartment in South Waterfront is at Waterleaf listed at $997.

How much is rent for a Cheap One Bedroom South Waterfront Apartment?

The lowest price for a Cheap One Bedroom South Waterfront Apartment is $1,178 at Waterleaf.

What is the lowest price for a Cheap Two Bedroom South Waterfront Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Waterfront is starting from $1,413 at Waterleaf.

What is the most affordable South Waterfront Three Bedroom Apartment?

The best deal on a cheap South Waterfront Three Bedroom Apartment rental is at Waterleaf and starts from $1,629.

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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