Cheap Apartments for Rent in the Southeast Portland Neighborhood of Portland, OR from $500 (263 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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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 Room1BR,$700
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Buri BuildingStudio SIMStudio,1BA$934
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Koz on 13thStudioStudio,1BA$952
Warnell Apartments!0BR/1.0BAStudio,1BA$995
Burnie (1 & 2)0BR/1.0BAStudio,1BA$999
Janie Apartments - Free internet!Studio - SmallStudio,1BA$999
Melcliff Apartments0BR/1.0BAStudio,1BA$1,000

Best Value Apartments for Rent in Southeast Portland, OR

As of May 17, 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 3 Bedroom / 2.0 Bath Model at Ashley Court Apartments starting at $1,800 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.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Ashley Court Apartments3 Bedroom / 2.0 Bath3BR,2BA$1.76
Scott MountainB12BR,2BA$1.83
6205 SE 92nd Ave, Unit A6205 SE 92nd Ave2BR,2BA$1.67
Burnside East2 BR 1 BATH C2BR,1BA$1.88
Hassalo Street2BR/1.0BA2BR,1BA$1.83
Irvington Apartmentslxl1BR,1BA$1.71
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Tristin Square Apartments2 Bedroom, 1 Bath2BR,1BA$1.88
Orlo1/1 lg1BR,1BA$1.75

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Pet Friendly Lifestyle
Southeast Portland, Portland, OR

Ranked #11

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

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 $1,000.

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

The cheapest apartment in Southeast Portland is Society 62 which is listed at $700, while the average apartment in Southeast Portland costs $5,500.

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 109 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 $173 which is $5,327 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.

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.