The Douglas
1811 SW River Dr,
Portland, OR 97201
$1,394 - $2,999 Total Monthly Price
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.
Explore the Neighborhood
View of Waterfront at sunset.
Teams from around the world compete in the annual Dragon Boat Races.
Held annually during Portland Rose Festival, Fleet is an opporuntiy to tour naval vessels.
There is always an event happening.
The Riverplace Marina has access to the Willamette River for residents of Downtown Portland.
Food trucks are a common sight in Waterfront.
Rent Trends
As of May 2026, the average apartment rent in Waterfront is $1,391 for a studio, $1,660 for one bedroom, $2,373 for two bedrooms, and $3,469 for three bedrooms. Apartment rent in Waterfront has decreased by -2.5% in the past year.
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Studio
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507 sq ft
Average Sq Ft
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$1,391/month
Average Rent
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1 BR
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660 sq ft
Average Sq Ft
-
$1,660/month
Average Rent
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2 BR
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1,009 sq ft
Average Sq Ft
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$2,373/month
Average Rent
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3 BR
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1,332 sq ft
Average Sq Ft
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$3,469/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Waterfront - Portland, OR is for everyday living.
Exceptionally Walkable
Walkability
100
/ 100
Exceptional Public Transit
Transit
100
/ 100
Moderately Drivable
Drivability
60
/ 100
Very Bikeable
Bikeability
80
/ 100
Daily Essentials
In Waterfront - Portland, OR, daily errands are quick and hassle-free.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Exceptional Restaurant Variety Nearby
Restaurants
90
/ 100
Exceptional Café Variety Nearby
Cafes
90
/ 100
Exceptional Variety of Shops Nearby
Shopping
90
/ 100
Recreation
Waterfront - Portland, OR provides ample green space and fitness centers within easy reach.
Exceptional Amount of Park Space Nearby
Parks
90
/ 100
Exceptional Wellness Amenity Variety Nearby
Wellness
90
/ 100
Local Vibe
Get a sense of what it’s like to live in Waterfront - Portland, OR from everyday activity to noise and nightlife.
Exceptionally Vibrant Atmosphere
Vibrancy
90
/ 100
Exceptional Nightlife Variety Nearby
Nightlife
90
/ 100
Very Noisy
Quiet Score
20
/ 100
Scores provided by
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
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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.