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WATER1566* - A presents an impressive combination of features and ratings, highlighted by its spacious living room, updated kitchen, and pet-friendly environment. With an overall rating of 8.4 from Zumper, it excels in location (9/10), price (10/10), and amenities (8/10), placing it in the 75th percentile for value and 83.33rd percentile for value per square foot. Residents will find convenient access to schools and essential services, backed by a commendable trustworthiness rating of 8/10.
Things you’ll love
Elementary school nearbyHigh school nearbyLess expensiveGreat for
Pet owners| 0BR/1.0BA | Studio | 1 bath | 400+ sqft | $995 /mo | 4 units available | 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! $80/month charge for water/sewer/garbage, tenants pay electric/cable $50/month for assigned parking Pet Friendly Pets: Small pets OKAY! Pet Deposit/Rent: $500 pet deposit per pet & $50 pet rent per pet each month. 15 - 18 Month Leases Preferred. Listing posted: 10/06/2025 at 10:00 am Open Application Period Begins: 10/09/2025 at 10:00 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 YouTube Video URL -- |
Let's explore this property.
Appliances
| Range | Refrigerator |
Building
| Cats OK | Dogs OK |
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 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! $80/month charge for water/sewer/garbage, tenants pay electric/cable $50/month for assigned parking Pet Friendly Pets: Small pets OKAY! Pet Deposit/Rent: $500 pet deposit per pet & $50 pet rent per pet each month. 15 - 18 Month Leases Preferred. Listing posted: 10/06/2025 at 10:00 am Open Application Period Begins: 10/09/2025 at 10:00 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 YouTube Video URL --
How WATER1566* - A compares to other nearby properties.
Positives
Considerations
studio apartments at WATER1566* - A cost about 22% less than the average rent price for studio apartments in Corbet - Terwilliger - Lair Hill.
| Month | Median Rent |
|---|---|
| November 2023 | $1,195 |
| 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 | $1,185 |
| October 2025 | $1,150 |
| November 2025 | $1,150 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,292 |
| 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 | $1,243 |
| October 2025 | $1,143 |
| November 2025 | $1,280 |
Can I afford to live at 3807 S Water Ave?
Bedrooms
StudioRent-to-income ratio
30%
$39,800/yr
3830 se 14th ave
portland, OR, 97202
8401 sw 17th ave
portland, OR, 97219
Homestead • 1311 Sw Gibbs St
Studio
$1,235
Lloyd District • 304 Ne Multnomah St
Studio–1 Bed
$1,199–$1,299
Sellwood - Moreland • 1721 Se Tacoma St
1 Bed
$1,150–$1,250
Downtown Portland • 1415 Sw Park Ave
Studio–1 Bed
$1,100–$1,250
Downtown Portland • 1405 Sw Park Ave
Studio
$1,000
Homestead • 1311 Sw Gibbs St
Studio
$1,235
Lloyd District • 304 Ne Multnomah St
Studio–1 Bed
$1,199–$1,299
Sellwood - Moreland • 1721 Se Tacoma St
1 Bed
$1,150–$1,250
Downtown Portland • 1415 Sw Park Ave
Studio–1 Bed
$1,100–$1,250
Downtown Portland • 1405 Sw Park Ave
Studio
$1,000
