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St. Johns has some good, semi-good, semi-bad and bad parts. You really have to check it out on a street-by-street basis. In general, the area that sits right on the bluff is pretty good, and the closer you move toward I-5 the higher the chance the neighborhood will be questionable. Likewise, north of the St. John's bridge isn't going to be very good. The area has a lot of positives, though - access to light rail being a major one.
As for rentals, you'll be looking at a lot of places that are set up to rent to University of Portland students.
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