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WATER1566* - A offers strong overall value with a Zumper Expert Rating of 7.8/10, highlighted by excellent scores for price, amenities, and trustworthiness. Residents benefit from a pet-friendly setup with nearby pet services and a dog park, as well as convenient access to highly rated schools and everyday shopping. The spacious living room, updated kitchen, off-street parking, and shared onsite laundry further enhance comfort and day-to-day convenience.
Things you’ll love
Less expensiveElementary school nearbyHigh school nearbyGreat for
Pet owners| 0BR/1.0BA | Studio | 1 bath | 400 sqft | $945–$995 /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.
Contact for more information on pet policy.
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 |
|---|---|
| May 2024 | $1,225 |
| 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 |
| April 2026 | $1,185 |
| May 2026 | $1,175 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,288 |
| 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 | $1,289 |
| April 2026 | $1,266 |
| May 2026 | $1,197 |
Can I afford to live at 3807 S Water Ave?
Bedrooms
StudioRent-to-income ratio
30%
$37,800/yr
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1500 greentree rd
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Northwest District • 10 Nw 20th Ave
Studio–1 Bed
$875–$1,200
Homestead • 1311 Sw Gibbs St
Studio–2 Beds
$1,225–$2,145
Sellwood - Moreland • 1721 Se Tacoma St
1–2 Beds
$1,150–$1,595
Sellwood - Moreland • 5434 Se Milwaukie Ave
Studio
$945–$995
Downtown Portland • 1405 Sw Park Ave
Studio
$900–$1,075
Central Beaverton • 12520 Sw Gem Ln
1 Bed
$1,250–$1,395
Hazelwood • 12026 Southeast Ash Street
1–2 Beds
$1,200–$1,300
Northwest District • 10 Nw 20th Ave
Studio–1 Bed
$875–$1,200
Homestead • 1311 Sw Gibbs St
Studio–2 Beds
$1,225–$2,145
Sellwood - Moreland • 1721 Se Tacoma St
1–2 Beds
$1,150–$1,595
Sellwood - Moreland • 5434 Se Milwaukie Ave
Studio
$945–$995
Downtown Portland • 1405 Sw Park Ave
Studio
$900–$1,075
Central Beaverton • 12520 Sw Gem Ln
1 Bed
$1,250–$1,395
Hazelwood • 12026 Southeast Ash Street
1–2 Beds
$1,200–$1,300
