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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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Rent Specials
from $1,295Studio to 2 Bedroom Apartments Available Now
The Dylan
3883 S Moody AvePortland, OR 97239
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Rent Specials
from $1,353Studio to 4 Bedroom Apartments Available May 9
The Douglas
1811 SW River DrPortland, OR 97201
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from $1,485Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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from $1,500Studio to 2 Bedroom Apartments Available Now
The Olivia
3850 S Bond AvePortland, OR 97239
3915 S Corbett Ave
PortlandOR97239
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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 $1,575Studio 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
3601 SW River Pkwy, Unit 707
3601 SW River Pkwy
PortlandOR97239
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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 | $1,894 | $1,220 | $7,110 |
| South Waterfront 1 Bedroom Apartments | $2,139 | $1,287 | $6,820 |
| South Waterfront 2 Bedroom Apartments | $4,113 | $1,540 | $10,000+ |
| South Waterfront 3 Bedroom Apartments | $4,881 | $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.
See all Apartments in PortlandExplore Portland
South Waterfront, Portland, OR Local Guide
- Nearby Portland neighborhoods
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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. Modern New Construction has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. 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 |
| Modern New Construction | 1BR/1.0BA | 1BR,1BA | $1,395 |
| The Dylan | P-S1.1 | Studio,1BA | $1,422 |
| The Matisse | 01F1 | Studio,1BA | $1,485 |
| Urban Living, Elevated Comfort | G | 528sf | 1BR,1BA | $1,540 |
Best Value Apartments for Rent in South Waterfront, OR
As of May 02, 2025 the best value apartment in the South Waterfront area is the $2.77 price per square foot Studio - Douglas Fir - 784 Model at The Ardea Apartments in the in the Southwest Portland neighborhood starting from $2,175. The second greatest value South Waterfront apartment is the A7 Model at The Olivia starting at $2,265 with a $3.09 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 | Studio - Douglas Fir - 784 | Studio ,1BA | $2.77 |
| The Olivia | A7 | 1BR,1BA | $3.09 |
| Ella | A4.1-4.2 | 1BR,1BA | $2.34 |
| Modern New Construction | 1BR/1.0BA | 1BR,1BA | $2.13 |
| The Matisse | 01F1 | Studio ,1BA | $2.32 |
| 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 |
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Pet Friendly LifestyleSouth Waterfront, Portland, OR
Ranked #98
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 $2,175.
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 $5,600.
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.
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.
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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.