Cyan/PDX
1720 SW 4th Ave,
Portland, OR 97201
$1,384 - $3,843
Studio - 3 Beds
Waterfront
Portland, OR
Waterfront - Portland, OR
Area Guide
Riverside living in the heart of Portland
Riverside
•
Active
•
Scenic
•
Convenient
•
Urban
•
Nestled alongside the Willamette River, Portland’s Waterfront neighborhood stretches from the intersection of I-5 and I-405 in the south to Old Town Chinatown in the north. Situated just east of Downtown Portland, the Waterfront provides a peaceful reprieve from the bustle of city life without sacrificing access to metropolitan amenities.
The neighborhood is home to Tom McCall Waterfront Park, a 30-acre park boasting a scenic walking and biking path, numerous fountains, and lush landscaping. Waterfront also hosts the popular Portland Saturday Market, where patrons enjoy an array of arts and crafts in an open-air environment.
Waterfront residents delight in close proximity to countless eateries, cafes, markets, and shops. The neighborhood’s central location is a major draw for many residents, touting easy access to Portland State University and all that downtown has to offer.
Rent Trends
As of January 2026, the average apartment rent in Waterfront is $1,451 for a studio, $1,663 for one bedroom, $2,401 for two bedrooms, and $3,599 for three bedrooms. Apartment rent in Waterfront has decreased by -2.2% in the past year.
-
Studio
-
507 sq ft
Average Sq Ft
-
$1,451/month
Average Rent
-
1 BR
-
660 sq ft
Average Sq Ft
-
$1,663/month
Average Rent
-
2 BR
-
1,009 sq ft
Average Sq Ft
-
$2,401/month
Average Rent
-
3 BR
-
1,332 sq ft
Average Sq Ft
-
$3,599/month
Average Rent
Transportation
96
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
92
Rider's Paradise
out of 100 TransitScore® Rating
Living in this area is considered a rider’s paradise, with world-class transportation.
92
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Points of Interest
Shopping Centers
Parks and Recreation
- Oregon Maritime Center and Museum
- Friends of the Columbia River Gorge
- Director Park
- Lan Su Chinese Garden
- OMSI
Airports
- Portland International
Top Apartments in Waterfront
Houses for Rent in Waterfront
Property Management Companies
Greystar
-
3,457
Communities
-
953,317
Units
-
889
Cities
Willow Bridge
-
714
Communities
-
197,759
Units
-
338
Cities
AMC
-
645
Communities
-
127,798
Units
-
250
Cities
RPM
-
627
Communities
-
171,041
Units
-
245
Cities
Avenue5 Residential
-
554
Communities
-
122,696
Units
-
221
Cities
Cushman & Wakefield
-
470
Communities
-
110,682
Units
-
238
Cities
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
- Homes for rent in Portland
- Homes for rent in West Haven-Sylvan
- Homes for rent in Raleigh Hills
- Homes for rent in West Slope
- Homes for rent in Garden Home-Whitford
- Homes for rent in Milwaukie
- Homes for rent in Cedar Mill
- Homes for rent in Maywood Park
- Homes for rent in Metzger
- Homes for rent in Cedar Hills
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 November 2025.