Zumper
modified
11 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
Hi! Let’s figure out if this property is right for you.

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Tour WATER1566* - A

Contact

Management

Rent Portland Homes Professionals

Leasing office

(503) 646-9664

Property Overview

WATER1566* - A features spacious living areas, an updated kitchen, off-street parking, and is pet-friendly with shared laundry facilities. With impressive ratings of 8 or 9 out of 10 for expert evaluation, price value, amenities, and location, it stands out as a premier choice for renters seeking quality and convenience. Additionally, its proximity to top-rated schools and multiple pet services enhances its appeal, making it a strong contender in the market.

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

Zumper Expert Rating

8.0
Very Good
With a solid 8 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 Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Elementary school nearby
  • High school nearby

Great for

  • Pet owners

Floor plans

0BR/1.0BAStudio1 bath400 sqft$945–$995 /mo5 units availableVisit 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.

Amenities for WATER1566* - A

Apartment Amenities

Light and Bright

Appliances

In-Unit LaundryOn-Site Washer & Dryer
RangeRefrigerator

Building

Cats OKDogs OK

Grounds

Assigned Parking

Other

Recently Updated
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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Assigned Parking

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units21
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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 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


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.
8.0
/10
Very Good
With a solid 8 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 Amenities— so you can be assured your rent will come with a high standard of living.
How we rated WATER1566* - A
Price·8A 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.
Scoring a 8/10, WATER1566* - A is a great option for renters looking for apartments in Corbet - Terwilliger - Lair Hill. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A 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.
WATER1566* - A goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, WATER1566* - A receives one of the highest amenities scores.
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.

WATER1566* - A is great for:

Pet owners

  • 1 dog park within 1 mile
  • 3 pet hospitals in the area
  • 4 pet supply stores near the property

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

Less expensive
Studio units are cheaper than other similar listings nearby
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 27% less than the average rent price for studio apartments in Corbet - Terwilliger - Lair Hill.

Median rents as of Mar 21 2026.
Corbet - Terwilliger - Lair Hill
Portland
A table of studio rental data trends in Portland
MonthMedian Rent
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$1,185
October 2025$1,150
November 2025$1,173
December 2025$1,163
January 2026$1,147
February 2026$1,152
March 2026$1,195
A table of studio rental data trends in Corbet - Terwilliger - Lair Hill
MonthMedian Rent
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$1,243
October 2025$1,143
November 2025$1,220
December 2025$1,287
January 2026$1,262
February 2026$1,276
March 2026$1,295

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

$37,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $37,800 annually to afford this studio monthly rent price of $945.
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+

Rose City Park

2334 ne 57th ave

portland, OR, 97212

K-5Public
B+

Tigard-Tualatin Virtual Academy

6960 sw sandburg st

tigard, OR, 97223

K-12Public

Palisades World Language School

1500 greentree rd

lake oswego, OR, 97034

K-5Public
A+
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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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