Nearby rentals
Property management
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WATER1566* - A offers a strong mix of value, convenience, and features, with a Zumper Expert Rating of 7.8 out of 10, plus competitive pricing, solid amenities, and a highly convenient location. Notable perks include on-site laundry, off-street parking, and pet-friendly living, along with nearby pet services and strong value for money.
Things you’ll love
Less expensiveElementary school nearbyHigh school nearbyGreat for
Pet owners| 0BR/1.0BA | Studio | 1 bath | 400 sqft | $950 /mo | 5 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 featuring LVP flooring, a kitchenette with range and refrigerator, and a large closet for extra storage. On-site laundry and off-street parking available for $50/month. Conveniently located near OHSU, downtown Portland, freeways, restaurants, shopping, and 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
| Oven | Range |
| Refrigerator | Stove/Oven |
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 featuring LVP flooring, a kitchenette with range and refrigerator, and a large closet for extra storage. On-site laundry and off-street parking available for $50/month. Conveniently located near OHSU, downtown Portland, freeways, restaurants, shopping, and 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 24% less than the average rent price for studio apartments in Corbet - Terwilliger - Lair Hill.
| Month | Median Rent |
|---|---|
| August 2024 | $1,220 |
| 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 | $1,180 |
| July 2026 | $1,195 |
| August 2026 | $1,184 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,246 |
| 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 |
| July 2026 | $1,247 |
| August 2026 | $1,248 |
Can I afford to live at 3807 S Water Ave?
Bedrooms
StudioRent-to-income ratio
30%
$38,000/yr
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Sellwood - Moreland • 1721 Se Tacoma St
Studio–2 Beds
$1,075–$1,695
Northwest District • 10 Nw 20th Ave
Studio–1 Bed
$950–$1,200
Homestead • 1311 Sw Gibbs St
Studio–2 Beds
$995–$2,195
Downtown Portland • 1405 Sw Park Ave
Studio
$1,000
Downtown Portland • 1415 Sw Park Ave
Studio–1 Bed
$1,200–$1,250
Goose Hollow • 1615 Sw Morrison St
Studio–1 Bed
$925–$1,099
Sellwood - Moreland • 1721 Se Tacoma St
Studio–2 Beds
$1,075–$1,695
Northwest District • 10 Nw 20th Ave
Studio–1 Bed
$950–$1,200
Homestead • 1311 Sw Gibbs St
Studio–2 Beds
$995–$2,195
Downtown Portland • 1405 Sw Park Ave
Studio
$1,000
Downtown Portland • 1415 Sw Park Ave
Studio–1 Bed
$1,200–$1,250
Goose Hollow • 1615 Sw Morrison St
Studio–1 Bed
$925–$1,099
