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) **As a federally regulated HUD property, our move-in process is more involved than private market and can take up to a month to complete; please consider this fact when planning your application**
At minimum the information we require will include: -All sources of income and verifications for each -All assets and verifications for each -Student status
IMMEDIATE AVAILABILITY and NO APP FEES
Residence Features
✩ Dishwasher
✩ Efficient Appliances
✩ Refrigerator
✩ Air Conditioner
✩ Ceiling Fan
Community Features
✩ On-Site Social Services Coordinator
✩ BBQ/Picnic Area and Playground
✩ Community Room with Kitchen and Free WiFi
✩ Section 8 Housing Choice Vouchers Accepted
✩ On-Site Management
✩ ADA Accessible
✩ Laundry Facilities
✩ Garage
✩ All Utilities Covered (Except Electricity and Cable/Internet)
✩ 98 Walkscore (Biker and Transit Paradise)
Pet Policy
Allowed | Max weight 20 lb each Deposit $300
Income Requirements
We are a HUD regulated property with income MINIMUMS and MAXIMUMS. The minimum income requirement is always 1.5x the monthly rent. The maximums are based on household size: 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)