Propagation research is vital for informing the design of reliable very high‐frequency and ultra‐high‐frequency communications systems for the Internet of things. In this study, a cost‐effective and highly portable system is proposed and then used to obtain propagation measurements in city and suburban scenarios at 71 and 869.525 MHz. The system calculates the received power, power delay profile and channel frequency response. The portable sounding receiver uses readily available parts: an RTL‐SDR (covering 27 MHz–1.7 GHz) and a Raspberry Pi with a touchscreen. The Pi implements all the channel sounding signal processing algorithms in Python, in near real time. Extracted propagation data and models are presented, from example city and suburban field trials incorporating pedestrian and car use.