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WATER1566* - A offers a strong mix of value, convenience, and useful everyday features, with a 7.8/10 overall rating, competitive pricing, and a standout location score of 9/10. It also includes a spacious living room, updated kitchen, off-street parking, shared laundry onsite, and pet-friendly living, with nearby pet services adding to its appeal.
Things you’ll love
Less expensiveElementary school nearbyGreat for
Pet owners| 0BR/1.0BA | Studio | 1 bath | 400 sqft | $950 /mo | 3 units available | Visit our website to apply and view other homes we have available! RentPortlandHomesProfessionals. com Call or Text Leasing Agent at (503) 443-9331 to schedule a showing! Renovated studio apartment. Small kitchen area with range, refrigerator. Large closet off bathroom. LVP flooring. Onsite laundry room. Off street parking available for $50 more per month. Amazing location close to OHSU, Downtown, Freeways, Restaurants, Shops and so Much More. $80/month charge for water/sewer $14.70/month for garbage, tenants pay electric/cable $50/month for assigned parking 10-18 month lease terms Information not guaranteed. Square footage is approximate and not guaranteed. It may include both finished and unfinished areas. Pet Friendly - Georgie Approved! Pets: Small pets OKAY! Pet Deposit/Rent: $500 pet deposit per pet & $50 pet rent per pet each month. Listing posted: 01/22/2026 at 9:00 am Open Application Period Begins: 01/25/2026 at 9:00 am 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 |
Let's explore this property.
Appliances
| Range | Refrigerator |
Building
| Cats OK | Dogs OK |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 21 |
|---|
Visit our website to apply and view other homes we have available! RentPortlandHomesProfessionals. com Call or Text Leasing Agent at (503) 443-9331 to schedule a showing! Renovated studio apartment. Small kitchen area with range, refrigerator. Large closet off bathroom. LVP flooring. Onsite laundry room. Off street parking available for $50 more per month. Amazing location close to OHSU, Downtown, Freeways, Restaurants, Shops and so Much More. $80/month charge for water/sewer $14.70/month for garbage, tenants pay electric/cable $50/month for assigned parking 10-18 month lease terms Information not guaranteed. Square footage is approximate and not guaranteed. It may include both finished and unfinished areas. Pet Friendly - Georgie Approved! Pets: Small pets OKAY! Pet Deposit/Rent: $500 pet deposit per pet & $50 pet rent per pet each month. Listing posted: 01/22/2026 at 9:00 am Open Application Period Begins: 01/25/2026 at 9:00 am 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
How WATER1566* - A compares to other nearby properties.
Positives
Considerations
studio apartments at WATER1566* - A cost about 21% less than the average rent price for studio apartments in Corbet - Terwilliger - Lair Hill.
| Month | Median Rent |
|---|---|
| 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 | $1,185 |
| October 2025 | $1,150 |
| November 2025 | $1,173 |
| December 2025 | $1,163 |
| January 2026 | $1,147 |
| February 2026 | $1,152 |
| March 2026 | $1,195 |
| April 2026 | $1,185 |
| May 2026 | $1,187 |
| June 2026 | $1,175 |
| Month | Median Rent |
|---|---|
| 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 | $1,243 |
| October 2025 | $1,143 |
| November 2025 | $1,220 |
| December 2025 | $1,287 |
| January 2026 | $1,262 |
| February 2026 | $1,276 |
| March 2026 | $1,289 |
| April 2026 | $1,266 |
| May 2026 | $1,196 |
| June 2026 | $1,195 |
Can I afford to live at 3807 S Water Ave?
Bedrooms
StudioRent-to-income ratio
30%
$38,000/yr
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portland, OR, 97202
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portland, OR, 97219
2334 ne 57th ave
portland, OR, 97212
6960 sw sandburg st
tigard, OR, 97223
1500 greentree rd
lake oswego, OR, 97034
Rockwood • 10 Ne 162nd Ave
1–2 Beds
$1,175–$1,325
Downtown Portland • 1415 Sw Park Ave
Studio–1 Bed
$1,050–$1,375
Downtown Portland • 1405 Sw Park Ave
Studio
$900–$1,075
Corbet - Terwilliger - Lair Hill • 2615 S Water Ave
Studio–2 Beds
$1,125–$1,775
Meadow Homes • 4201 E Fourth Plain Blvd
1 Bed
$1,199–$1,299
Rockwood • 10 Ne 162nd Ave
1–2 Beds
$1,175–$1,325
Downtown Portland • 1415 Sw Park Ave
Studio–1 Bed
$1,050–$1,375
Downtown Portland • 1405 Sw Park Ave
Studio
$900–$1,075
Corbet - Terwilliger - Lair Hill • 2615 S Water Ave
Studio–2 Beds
$1,125–$1,775
Meadow Homes • 4201 E Fourth Plain Blvd
1 Bed
$1,199–$1,299
