Zumper
modified
6 Hours Ago

Highlights

  • Pet Friendly
  • Spacious living room
  • Updated kitchen
  • Off-street parking available
  • Shared laundry onsite
  • Pet friendly

Location

3807 S Water Ave, Portland, OR 97239, USA|Corbet - Terwilliger - Lair Hill
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Contact

Management

Rent Portland Homes Professionals

Leasing office

(503) 646-9664

Property Overview

WATER1566* - A receives a strong overall rating of 8.4 from Zumper, reflecting its excellent value with a price rating of 10. The property features an impressive array of amenities and a prime location, rated 8 and 9 respectively, offering unparalleled convenience to essential services and activities. Additionally, with a trustworthiness rating of 8, prospective renters can expect transparency and a clear understanding of the property and management.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, WATER1566* - A is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, WATER1566* - A has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • High school nearby

Floor plans

0BR/1.0BAStudio1 bath400 sqft$1,100 /mo1 unit availableVisit our website to apply and view other homes we have available! RentPortlandHomesProfessionals. com Newly updated studios in an incredible location just off SW Corbett! Updated kitchen with modern finishes and appliances. Spacious living room and separated sleeping area. Great layout, and excellent storage. Shared laundry onsite and off-street parking available. Extremely accessible location - minutes to OSHU, South Waterfront, downtown, PSU. Pet friendly! Call NWV Group today to join our next showing! $80/month charge for water/sewer/garbage, tenants pay electric/cable $50/month for assigned parking Pet Friendly Pets: 2 small/ medium pets okay! Pet Deposit/Rent: $500 pet deposit per pet & $50 pet rent per pet each month. 15 - 18 Month Leases Preferred. Listing posted: 09/16/2025 at 12:00 pm Open Application Period Begins: 09/19/2025 at 12:00 pm Screening Criteria: City of Portland https portlandrentalmanagement com rental-criteria-screening-criteria-for-portland-multnomah-county-area-fair A $55 nonrefundable screening fee will be required for each applicant. Security Deposit: Equal to one months rent, depending on credit screening. Do you need property management services? Maximize your income and cut your costs! www rentportlandhomesprofessionals com YouTube Video URL --

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Amenities for WATER1566* - A

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 

Cat policy

Allowed 

Contact for more information on pet policy.

Building details

Property details

Units2
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About WATER1566* - A

HomeApartments in PortlandCorbet - Terwilliger - Lair Hill WATER1566* - A

Visit our website to apply and view other homes we have available! RentPortlandHomesProfessionals. com Newly updated studios in an incredible location just off SW Corbett! Updated kitchen with modern finishes and appliances. Spacious living room and separated sleeping area. Great layout, and excellent storage. Shared laundry onsite and off-street parking available. Extremely accessible location - minutes to OSHU, South Waterfront, downtown, PSU. Pet friendly! Call NWV Group today to join our next showing! $80/month charge for water/sewer/garbage, tenants pay electric/cable $50/month for assigned parking Pet Friendly Pets: 2 small/ medium pets okay! Pet Deposit/Rent: $500 pet deposit per pet & $50 pet rent per pet each month. 15 - 18 Month Leases Preferred. Listing posted: 09/16/2025 at 12:00 pm Open Application Period Begins: 09/19/2025 at 12:00 pm Screening Criteria: City of Portland https portlandrentalmanagement com rental-criteria-screening-criteria-for-portland-multnomah-county-area-fair A $55 nonrefundable screening fee will be required for each applicant. Security Deposit: Equal to one months rent, depending on credit screening. Do you need property management services? Maximize your income and cut your costs! www rentportlandhomesprofessionals com YouTube Video URL --


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, WATER1566* - A is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, WATER1566* - A has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated WATER1566* - A
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
WATER1566* - A offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, WATER1566* - A is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
WATER1566* - A is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While WATER1566* - A does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How WATER1566* - A compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away
High school nearby
There is a high school 1 mile away

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Corbet - Terwilliger - Lair Hill

studio apartments at WATER1566* - A cost about 8% less than the average rent price for studio apartments in Corbet - Terwilliger - Lair Hill.

Median rents as of Sep 20 2025.
Corbet - Terwilliger - Lair Hill
Portland
A table of studio rental data trends in Portland
MonthMedian Rent
October 2023$1,248
November 2023$1,196
December 2023$1,199
January 2024$1,205
February 2024$1,195
March 2024$1,197
April 2024$1,198
May 2024$1,213
June 2024$1,231
July 2024$1,228
August 2024$1,223
September 2024$1,233
October 2024$1,219
November 2024$1,202
December 2024$1,199
January 2025$1,193
February 2025$1,193
March 2025$1,180
April 2025$1,178
May 2025$1,178
June 2025$1,175
July 2025$1,174
August 2025$1,196
September 2025$1,190
A table of studio rental data trends in Corbet - Terwilliger - Lair Hill
MonthMedian Rent
October 2023$1,396
November 2023$1,296
December 2023$1,288
January 2024$1,268
February 2024$1,210
March 2024$1,234
April 2024$1,253
May 2024$1,277
June 2024$1,249
July 2024$1,249
August 2024$1,245
September 2024$1,219
October 2024$1,179
November 2024$1,114
December 2024$1,099
January 2025$1,155
February 2025$1,177
March 2025$1,165
April 2025$1,201
May 2025$1,191
June 2025$1,168
July 2025$1,195
August 2025$1,316
September 2025$1,281

Affordability calculator

Can I afford to live at 3807 S Water Ave?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$44,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this studio monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.

Schools near WATER1566* - A

Winterhaven School

3830 se 14th ave

portland, OR, 97202

K-8Public
A-

Capitol Hill Elementary School

8401 sw 17th ave

portland, OR, 97219

K-5Public
B+
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Internet available near WATER1566* - A

Getting around Portland near 3807 S Water Ave

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 3807 S Water Ave, Portland

Groceries

4/10
At least one supermarket within a 20-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

6/10
At least one high school within a 15-minute walk

Parks

10/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

7/10
Several bars within a few minutes’ walk

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