Sanctuary
4940 S Landing Dr,
Portland, OR 97239
$1,305 - $2,875 Total Monthly Price
Studio - 2 Beds
South Portland blends the charming homes in the suburbs of Southwest Portland with the trendy storefronts and upscale apartments of Downtown Portland. This area contains the South Waterfront, a growing, multi-use neighborhood with high-rise apartments, an extension of the OHSU campus, and top-notch restaurants. Tourists are familiar with South Portland for being home to the city’s most alluring vista, the OHSU tram. The Ariel Tram starts at river’s edge by the South Waterfront, passes over the neighborhood and Interstate 5 up to the top of Marquam Hill. South Portland offers beautiful views of the Williamette River and easy access to Marquam Nature Park, Portland State University, and downtown.
As of March 2026, the average apartment rent in South Portland is $1,157 for a studio, $1,462 for one bedroom, $1,993 for two bedrooms, and $2,123 for three bedrooms. Apartment rent in South Portland has increased by 2.4% in the past year.
Studio
404 sq ft
Average Sq Ft
$1,157/month
Average Rent
1 BR
646 sq ft
Average Sq Ft
$1,462/month
Average Rent
2 BR
979 sq ft
Average Sq Ft
$1,993/month
Average Rent
3 BR
926 sq ft
Average Sq Ft
$2,123/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly South Portland - Portland, OR is for everyday living.
Very Walkable
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
The area around this property has good transit with many nearby transportation options.
Very Bikeable
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.