Cheap Homes for Rent in Southwest Portland Neighborhood of Portland, OR from $1,100 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Southwest Portland area of Portland.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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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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Southwest Portland, Portland, OR Local Guide

Cheapest Available Southwest Portland Apartments for Rent

 

The cheapest available apartment rental in the Southwest Portland area of Portland, OR is a Studio unit found at Koz on 4th priced from $958. Park Avenue Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Southwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$958
Park Avenue GardensStudioStudio,1BA$999
The Fredrick0x1Studio,1BA$1,020
Commons at Sylvan Canyon ApartmentsRidgeStudio,1BA$1,145
AcquaStudioStudio,1BA$1,175

Best Value Apartments for Rent in Southwest Portland, OR

As of May 12, 2025 the best value apartment in the Southwest Portland area is the $1.75 price per square foot 3 Bedroom, 1 Bathroom + 2, .5 Bathroom - Renovated Model at Tempo West Apartments in the in the Southwest Portland neighborhood starting from $2,295. The second greatest value Southwest Portland apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,850 with a $1.80 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Southwest Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tempo West Apartments3 Bedroom, 1 Bathroom + 2, .5 Bathroom - Renovated3BR,1.5BA$1.75
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Capital Park2 bed 2 bath2BR,2BA$1.85
2222 Apartments2BR/2.0BA2BR,2BA$1.67
Downtown Living Starts At Lair Hill1x11BR,1BA$1.82
Hillsdale HeightsTYPE "A"1BR,1BA$1.67
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.79
Timber Terrace Apartments XB-YY212X12BR,1BA$1.93
Greenbriar Village2 Bed 1 Bath2BR,1BA$1.89
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.81

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.

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Frequently Asked Questions about Southwest Portland

What type of rentals are currently available in Southwest Portland?

There are currently 363 Apartments for Rent in Southwest Portland, OR with pricing that ranges from $958 to $10,000. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Portland ranging from $1,195 to $15,000.

What is the current price range for Rental Homes in Southwest Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Portland ranges from $1,195 to $15,000 with an average monthly rent of $3,542.

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

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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

Written by: Bobbi Jackson

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.