The Douglas
1811 SW River Dr,
Portland, OR 97201
$1,427 - $3,884
Studio - 4 Beds
Waterfront
Portland, OR
Waterfront - Portland, OR
Area Guide
Riverside living in the heart of Portland
Riverside
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Active
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Scenic
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Convenient
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Urban
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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 October 2025, the average apartment rent in Waterfront is $1,438 for a studio, $1,670 for one bedroom, $2,418 for two bedrooms, and $3,477 for three bedrooms. Apartment rent in Waterfront has decreased by -1.3% in the past year.
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Studio
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490 sq ft
Average Sq Ft
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$1,438/month
Average Rent
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1 BR
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685 sq ft
Average Sq Ft
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$1,670/month
Average Rent
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2 BR
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999 sq ft
Average Sq Ft
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$2,418/month
Average Rent
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3 BR
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1,311 sq ft
Average Sq Ft
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$3,477/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
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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 September 2025.