Willamette Tower
3820 S River Pky,
Portland, OR 97267
$1,800 - $9,214 | 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 2025, the average apartment rent in South Waterfront is $1,609 for a studio, $1,965 for one bedroom, $3,302 for two bedrooms, and $6,113 for three bedrooms. Apartment rent in South Waterfront has decreased by -1.3% in the past year.
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Studio
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567 sq ft
Average Sq Ft
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$1,609/month
Average Rent
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1 BR
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745 sq ft
Average Sq Ft
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$1,965/month
Average Rent
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2 BR
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1,190 sq ft
Average Sq Ft
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$3,302/month
Average Rent
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3 BR
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1,704 sq ft
Average Sq Ft
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$6,113/month
Average Rent
Transportation
83
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
75
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
96
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
- Lair Hill Park
- OMSI
- Oregon Maritime Center and Museum
- Marquam Nature Park
- Governor's Park
Airports
- Portland International
Top Apartments in South Waterfront
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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 2025.