Sanctuary Apartments
4940 S Landing Dr,
Portland, OR 97239
$1,305 - $2,870 | 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 April 2025, the average apartment rent in South Portland is $1,140 for a studio, $1,434 for one bedroom, $1,919 for two bedrooms, and $1,982 for three bedrooms. Apartment rent in South Portland has decreased by -3.3% in the past year.
Studio
401 sq ft
Average Sq Ft
$1,140/month
Average Rent
1 BR
641 sq ft
Average Sq Ft
$1,434/month
Average Rent
2 BR
985 sq ft
Average Sq Ft
$1,919/month
Average Rent
3 BR
980 sq ft
Average Sq Ft
$1,982/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Very Bikeable
out of 100 BikeScore® Rating
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 2025.