Last Updated: 9 Hrs. Ago

Rent Specials

Offering TWO WEEKS FREE rent on any unit, and an additional two weeks of free rent if you apply within 48 hours of your tour!

Monthly Rent

$480 - $1,785

Beds

Studio - 3

Baths

1 - 2

* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Note: Based on community-supplied data and independent market research. Subject to change without notice.

Income Restrictions

Income restrictions apply to some or all residents. Contact the community for more information.

How To Qualify

Based on the size of your household, your Maximum Annual Income must be equal to or less than the amount listed in this chart.

# Persons
60 % Income Limit
30 % Income Limit
1
$49,560
$24,780
2
$59,580
$29,790
3
$67,020
$33,510
4
$74,460
$37,230
5
$80,460
$40,230
6
$86,400
$43,200

Lease Terms

Contact office for Lease Terms

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

  • One-Time Basics
    • Due at Application
      • Application Fee Per Applicant
        Charged per applicant.
        $36
        Charged per applicant.

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

About Waterleaf

Waterleaf brings 178 affordable apartments to Portland's amenity-rich South Waterfront area. Consisting of studio, one-, two-, and three-bedroom apartments, the property is located directly next to the Portland Streetcar station and close to the MAX light rail. Walk score of 98, biker's paradise! All utilities covered except for electricity and cable/internet. We also have resident social services located on site! Section 8 and Housing-Choice Vouchers Accepted! We are a HUD regulated property with income MINIMUM and MAXIMUM limits. 2026 Household Gross Income Limits: 1 Person: 1.5x monthly rent (min.) - $49,560 (max) 2 People: 1.5x monthly rent (min.) - $59,580 (max) 3 People: 1.5x monthly rent (min.) - $67,020 (max) IMMEDIATE AVAILABILITY and NO APP FEES when you apply by 11/30/2024!

Waterleaf is located in Portland, Oregon in the 97201 zip code. This apartment community was built in 2023 and has 6 stories with 176 units.

Special Features

  • Air Conditioner
  • BBQ/Picnic Area
  • Bike Racks
  • Ceiling Fan
  • Community Room with Kitchen and Free WiFi
  • Efficient Appliances

Community Features

  • Laundry Facilities
  • Doorman
  • Recycling
  • Public Transportation
  • Elevator
  • Courtyard
  • Picnic Area
  • Playground

Floorplan Amenities

  • Air Conditioning
  • Ceiling Fans
  • Dishwasher
  • Kitchen
  • Refrigerator

Parking

Covered

Garage

Other

Security

  • Property Manager on Site

Pet Policy

Cats Allowed

None

Limit of two pets per home.

  • 20 lb Weight Limit

Dogs Allowed

Breed restrictions apply.

Limit of two pets per home.

  • 20 lb Weight Limit

Airport

  • Portland International

    Drive: 24 min 13.2 mi

Commuter Rail

  • Portland

    Drive: 8 min 1.9 mi

  • Beaverton Transit Center (West Side Express)

    Drive: 16 min 8.7 mi

  • Tigard Transit Center

    Drive: 17 min 9.0 mi

  • Hall/Nimbus

    Drive: 17 min 10.5 mi

  • Vancouver

    Drive: 20 min 11.0 mi

Transit / Subway

  • Sw River Pkwy & Moody

    0.0 mi

  • Sw Harrison Street

    Walk: 4 min 0.2 mi

  • S Moody & Meade South

    Walk: 5 min 0.3 mi

  • Sw 1St & Harrison

    Walk: 6 min 0.3 mi

  • South Waterfront/S Moody Max Station

    Walk: 7 min 0.4 mi

Universities

Parks & Recreation

  • Oregon Maritime Center and Museum

    Walk: 7 min 0.4 mi

  • Lair Hill Park

    Walk: 13 min 0.7 mi

  • Director Park

    Drive: 4 min 1.3 mi

  • Friends of the Columbia River Gorge

    Drive: 5 min 1.3 mi

  • OMSI

    Drive: 5 min 1.6 mi

Shopping Centers & Malls

Military Bases

Schools

 GreatSchools Rating

Private High School

370 Students
(503) 228-8306
Grades 9-12

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Downtown Portland in Portland, OR

Ratings

Walkability

NR
Not Rated

Transit

NR
Not Rated

Bikeability

NR
Not Rated

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