Cheap Apartments for Rent in the Southeast Portland Neighborhood of Portland, OR from $500 (250 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southeast Portland area of Portland.

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1603 NE 16th Ave
$500Studio, 1 Bath RentalsAvailable Now

1603 NE 16th Ave

Portland, OR 97232
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3937 SE 62nd Ave
$895Studio, 1 Bath RentalsAvailable Now

3937 SE 62nd Ave

Portland, OR 97206
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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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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. Society 62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Southeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
Society 62Private Room w/Bath1BR,1BA$700
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Melcliff Apartments0BR/1.0BAStudio,1BA$925
Rose Tabor ApartmentsStudioStudio,1BA$925
Buri BuildingStudio ADAStudio,1BA$934
Wimbledon Square And GardensSpaldingStudio,1BA$938
Koz on 13thStudioStudio,1BA$943
Enclave 54Studio 2Studio,1BA$945
Wellesley Court Apartments0BR/1.0BAStudio,1BA$995

Best Value Apartments for Rent in Southeast Portland, OR

As of February 19, 2025 the best value apartment in the Southeast Portland area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Southeast Portland apartment is the 1120 SE Main St Model at 1120 SE Main St, Unit 303 starting at $2,300 with a $1.63 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.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
1120 SE Main St, Unit 3031120 SE Main St1BR,1BA$1.63
1025 SE Ash St, Unit 110-110B1025 SE Ash StStudio ,1BA$1.28
Lassam Terrace Apartments2 Bedroom Townhome2BR,1.5BA$1.60
Shannon2BR/1.0BA2BR,1BA$1.48
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Connery Place - Student HousingTwo Bedroom2BR,1BA$1.56
The CommonsThe Maple1BR,1BA$1.64
Rose Tabor ApartmentsStudioStudio ,1BA$1.54
MILEPOST 5SROStudio ,0.5BA$1.46

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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

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Best Local Schools in
Southeast Portland, Portland, OR

School data provided by Great Schools

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 the Cheapest Studio apartment in Southeast Portland?

Currently the most affordable Cheap Studio Apartment in Southeast Portland is at MILEPOST 5 listed at $620.

How much is rent for a Cheap One Bedroom Southeast Portland Apartment?

The lowest price for a Cheap One Bedroom Southeast Portland Apartment is $700 at Society 62.

What is the lowest price for a Cheap Two Bedroom Southeast Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southeast Portland is starting from $1,095 at Connery Place - Student Housing.

What is the most affordable Southeast Portland Three Bedroom Apartment?

The best deal on a cheap Southeast Portland Three Bedroom Apartment rental is at The Montavilla and starts from $1,733.

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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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.

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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.