Cheap Apartments for Rent in the Southeast Portland Neighborhood of Portland, OR from $500 (259 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Southeast 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

Read Article
Showing Results 1-50, Page 1 of 6

Southeast Portland, Portland, OR Local Guide

Cheapest Available Southeast Portland Apartments for Rent

 

The cheapest available apartment rental in the Southeast Portland area of Portland, OR is a Studio unit found at MILEPOST 5 priced from $620. SM Multnomah Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $822. Here are the most affordable Southeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Rose Tabor ApartmentsStudioStudio,1BA$925
Buri BuildingStudio SIMStudio,1BA$934
Koz on 13thStudioStudio,1BA$952
Enclave 54Studio 2Studio,1BA$985
The TristanStudioStudio,1BA$995
Burnie (1 & 2)0BR/1.0BAStudio,1BA$999
Sullivan's RidgeS1-AStudio,1BA$1,045
Dean RiverStudioStudio,1BA$1,049

Best Value Apartments for Rent in Southeast Portland, OR

As of April 14, 2025 the best value apartment in the Southeast Portland area is the $1.94 price per square foot 2 BR 1 BATH Model at Burnside East in the in the Southeast Portland neighborhood starting from $1,750. The second greatest value Southeast Portland apartment is the 2 Bedroom / 1.0 Bath Model at Ashley Court Apartments starting at $1,575 with a $1.76 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Southeast Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Burnside East2 BR 1 BATH2BR,1BA$1.94
Ashley Court Apartments2 Bedroom / 1.0 Bath2BR,1BA$1.76
The MontavillaMaple2BR,1BA$1.77
The Enclave2 Bedroom2BR,1BA$1.92
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Portrose1BR/1.0BA1BR,1BA$1.43
The CommonsThe Maple1BR,1BA$1.64
NAYA Generations1 Bedroom1BR,1BA$1.94
Rose Tabor ApartmentsStudioStudio ,1BA$1.54
Woodstock Crossing ApartmentsStudioStudio ,1BA$1.85

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Southeast Portland, Portland, OR

Ranked #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Southeast Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

This website is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Southeast Portland, Portland, and the greater Portland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southeast Portland Apartments

What is a cheap apartment in Southeast Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Portland is under $1,049.

What is the price of a cheap apartment in Southeast Portland?

The cheapest apartment in Southeast Portland is SM Multnomah Manor which is listed at $822, while the average apartment in Southeast Portland costs $8,000.

What types of apartments are the cheapest in Southeast Portland?

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 98 regular apartments in Southeast Portland 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 Southeast Portland?

Cheap apartments in Southeast Portland have an average cost of $172 which is $7,828 cheaper than the average rent for all rentals in Southeast Portland.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.