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5655 SE 123rd Ave

Portland, OR 97236 - Multnomah County

Apartment

2 beds

1 baths

550 sqft

About 5655 SE 123rd Ave

Two bedroom, 1 bath apartment now available for rent. Unit features updated floors, shared yard with raised garden beds, off street parking, shared laundry on-site and much more. Year lease. Water/Sewer/Garbage included. Tenants responsible for electricity service. Pets are ok with additional rent and deposits listed below. Pet Rent: $25 a month per pet. Pet Deposit: $500 for first pet. $250 for second pet. Garbage included. Near transportation. Sewage included. Appliances: Freezer. CoolingSystems: None. Deposit fees: Deposit:1300 Fees: HeatingFuels: Electric. HeatingSystems: Wall. Lot size: 2200. Num parking spaces: 1. Small Dogs Allowed, Cats Allowed, Refrigerator, Water/sewer included, Family room, Parking available, Laundry on-site, Patio, Garden, Cats ok, One year lease, Dogs ok up to 25 lbs & Stove/oven.

RentalSource last checked: August 5, 2025 at 4:18 PM ET

Last updated: August 3, 2025 at 1:48 PM ET

Listed by: Gateway Leasing Team, (503) 461-6454

Property Summary

Property Type:	Apartment
Rental Fee:	$1,300
Bedrooms:	2 beds
Bathrooms:	1 baths

Size:	550 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	81923695

Property Amenities

• Balcony/Patio

• Pet Friendly

• Refrigerator

Community Features

• Laundry Facilities

• Reserved Parking

Additional Details

Apartment for rent in Portland for $1,300 with 2 beds, 1 bath, 550 sqft, pet friendly and located at 5655 SE 123rd Ave in Portland, OR 97236. The rental price of $1,300 is 20.6% ($338) lower than the average rent of $1,638 for a 2 bedroom apartment in Portland, OR and 22.6% ($380) lower than the average rent of $1,680 for a 2 bedroom apartment in Multnomah County. 5655 SE 123rd Ave was advertised by Gateway Leasing Team on August 3, 2025 at 9:48 AM ET and last checked today at 4:18 PM ET.

Affordability Calculator

Can I afford to live at 5655 SE 123rd Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$52,000 /year

With your chosen rent-to-income ratio, an annual income of $52,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,300 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,300

Rent Affordability Calculator

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Property managed by:

Gateway Leasing Team
(503) 461-6454

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.