Willamette Tower
3820 S River Pky,
Portland, OR 97267
$1,900 - $6,831 Total Monthly Price
1-3 Beds
South Waterfront
Portland, OR
South Waterfront - Portland, OR Area Guide
High rises and higher education thrive along the Willamette River
Universities
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Riverfront
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Urban
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Parks
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Up-and-Coming
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Portland’s South Waterfront is an up-and-coming neighborhood overlooking the Willamette River just moments from Downtown. Boasting high rise buildings and Oregon Health & Science University, the South Waterfront is a thriving riverfront destination for renters with proximity to other intellectual hubs such as Portland State University. Enjoy the perk of having a tramway, the South Waterfront Tram Terminal, for a quick ride above downtown with panoramic city views, along with the convenient proximity to Interstate 5 for commuting purposes.
South Waterfront is in the heart of Portland, so it’s great for renters looking to live in the inner city. Ross Island Bridge, a car-free bridge, is a beautiful site to see after dusk, and there are numerous community parks in this urban area. Elizabeth Caruthers Park is a beautiful green space offering bocce courts, a splash pad, local art, and scenic pathways. And for beautiful riverfront views along walking and biking trails, be sure to visit the South Waterfront Greenway!
Rent Trends
As of April 2026, the average apartment rent in South Waterfront is $1,474 for a studio, $1,941 for one bedroom, $3,193 for two bedrooms, and $6,048 for three bedrooms. Apartment rent in South Waterfront has decreased by -4.3% in the past year.
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Studio
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566 sq ft
Average Sq Ft
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$1,474/month
Average Rent
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1 BR
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748 sq ft
Average Sq Ft
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$1,941/month
Average Rent
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2 BR
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1,199 sq ft
Average Sq Ft
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$3,193/month
Average Rent
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3 BR
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2,067 sq ft
Average Sq Ft
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$6,048/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly South Waterfront - Portland, OR is for everyday living.
Exceptionally Walkable
Walkability
90
/ 100
Exceptional Public Transit
Transit
90
/ 100
Moderately Drivable
Drivability
70
/ 100
Moderately Bikeable
Bikeability
60
/ 100
Daily Essentials
South Waterfront - Portland, OR offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
60
/ 100
Great Restaurant Variety Nearby
Restaurants
80
/ 100
Good Café Variety Nearby
Cafes
70
/ 100
Good Variety of Shops Nearby
Shopping
70
/ 100
Recreation
South Waterfront - Portland, OR provides ample green space and fitness centers within easy reach.
Very Large Amount of Park Space Nearby
Parks
80
/ 100
Great Wellness Amenity Variety Nearby
Wellness
80
/ 100
Local Vibe
Get a sense of what it’s like to live in South Waterfront - Portland, OR from everyday activity to noise and nightlife.
Vibrant Atmosphere
Vibrancy
70
/ 100
Great Nightlife Variety Nearby
Nightlife
80
/ 100
Very Noisy
Quiet Score
30
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- Lair Hill Park
- OMSI
- Oregon Maritime Center and Museum
- Marquam Nature Park
- Governor's Park
Airports
- Portland International
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Methodology
† 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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.