Cheap Apartments for Rent in Gresham, OR from $500 (53 Rentals)

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Aldercrest Apartments
1 to 2 Bedroom Apartments

Aldercrest Apartments

21900 SE Alder DrGresham, OR 97030
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Gresham Station
Studio to 2 Bedroom Apartments

Gresham Station

1003 NW Shattuck WayGresham, OR 97030
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Hood Brook Apartments
1 to 3 Bedroom Apartments

Hood Brook Apartments

1074 SE Mount Hood HwyGresham, OR 97080
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Linden Apartments
1 to 3 Bedroom Apartments

Linden Apartments

951 NE Linden AveGresham, OR 97030

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Rockwood Landing
2 to 4 Bedroom Apartments

Rockwood Landing

19045 SE Yamhill StPortland, OR 97233
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Rosewood Plaza
Studio Apartments

Rosewood Plaza

18173 NE Couch StPortland, OR 97230
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Burlwood Apartments
1 to 3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
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Burnside Manor
1 to 2 Bedroom Apartments

Burnside Manor

18411 SE Burnside StPortland, OR 97233
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Wellington Square
1 to 3 Bedroom Apartments

Wellington Square

19849 NE Halsey StPortland, OR 97230
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Parkway Garden Apartments
Studio to 3 Bedroom Apartments

Parkway Garden Apartments

14024-14124 NE Sandy BlvdPortland, OR 97230
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Evergreen Gardens
1 to 2 Bedroom Apartments

Evergreen Gardens

19201-19213 SE Yamhill StPortland, OR 97233
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The Bria Apartments
1 to 2 Bedroom Apartments

The Bria Apartments

30 NE 146th AvePortland, OR 97230
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Montevideo Apartments
Studio to 3 Bedroom Apartments

Montevideo Apartments

1210 NE 181st AvePortland, OR 97230
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Wynne Watts Commons
Studio to 3 Bedroom Apartments

Wynne Watts Commons

928 NE 162nd AvePortland, OR 97230
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seaside02
1 to 2 Bedroom Apartments

seaside02

131-149 SE 151st AvePortland, OR 97233
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Madera Court Apartments
Studio to 3 Bedroom Apartments

Madera Court Apartments

23901 NE HalseyWood Village, OR 97060
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Rose Apartments
1 to 3 Bedroom Apartments

Rose Apartments

1200 SE 162nd AvePortland, OR 97233
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Emerald Park Apartments
1 to 3 Bedroom Apartments

Emerald Park Apartments

646-664 SE 148th AvePortland, OR 97233
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Gresham, OR Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Gresham, OR

Pricing Updated: 01/29/2026

Current apartment rentals in the Gresham, OR area range in price from $651 to $5,552 with an overall median price of $3,485. The three Gresham neighborhoods with the lowest median rent pricing are Gresham Northeast at $651, Gresham North Central at $915, and Gresham Centennial at $915. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Gresham Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Gresham Northeast$2,057$651364
Gresham North Central$2,272$915203
Gresham Centennial$3,773$915210
Gresham Northwest$3,773$915330
Gresham Southwest$5,552$915126

Cheapest Available Gresham Apartments for Rent

 

The cheapest available apartment rental in Gresham, OR is a Studio unit found at York Terrace in the Riverbend neighborhood priced from $651. Keystone East in the East Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here is today’s list of the most affordable Gresham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
York TerraceStudioStudio,1BA$651
Keystone EastSM Studio 355 Sq ftStudio,1BA$915
Abigail Court - Student HousingStudioStudio,1BA$915
Terracina VistaOne Bedroom1BR,1BA$950
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$959
Alder Royal Apartments0BR/1.0BAStudio,1BA$995
Crofton Apartments2BD/1BTH2BR,1BA$1,000
The Nash1 x 11BR,1BA$1,006
Huckleberry ApartmentsStudioStudio,1BA$1,050
Wynne Watts CommonsStudioStudio,1BA$1,050

Best Value Apartments for Rent in Gresham, OR

As of January 29, 2026 the best value apartment in the Gresham area is the $1.29 price per square foot 0503x2 Model at Chelsey Lane Apartments in the in the Kelly Creek neighborhood starting from $1,750. The second greatest value Gresham apartment is the 2BD/1BTH Model at Cedar Tree starting at $1,750 with a $1.33 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Gresham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chelsey Lane Apartments0503x23BR,2BA$1.29
Cedar Tree2BD/1BTH2BR,1BA$1.33
East Park Place Apartments2 Bedroom, 2 Bath2BR,2BA$1.38
Rockwood Village Apartments2 Bedroom x 1 Bathroom2BR,1BA$1.33
seaside011BR/1.0BA1BR,1BA$1.26
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
S815 - Star Apartments2x1 Flats2BR,1BA$1.41
Brentwood Apartments2BD, 1BTH A2BR,1BA$1.44
Crofton Apartments2BD/1BTH2BR,1BA$1.29
York TerraceStudioStudio ,1BA$1.12

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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Gresham Overview

Located just east of Portland, Gresham is a thriving city of over 100,000 residents in the hub of Oregon. Home to a number of historic sites as well as offering much in the way of gorgeous natural scenery, this on-the-move Northwestern hot spot is an excellent option for anyone eager to connect with a new place to reside.

Why live in Gresham, OR?

From natural surroundings including lakes, hiking trails and public parks, to convenient city amenities like retail shopping and delectible eateries, Gresham rentals make an ideal consideration for anyone yearning to discover all the great state of Oregon has to offer. With a strong local economy and impressive area schools, this charming northwestern destination could be the sure bet you have been searching for.

Best Local Schools in
Gresham, OR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Gresham, OR Rentals by Map

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See the most popular apartments and homes in Gresham, OR

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Frequently Asked Questions about Cheap Gresham Apartments

What is a cheap apartment in Gresham?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Gresham is under $1,050.

What is the price of a cheap apartment in Gresham?

The cheapest apartment in Gresham is York Terrace which is listed at $698, while the average apartment in Gresham costs $3,485.

What types of apartments are the cheapest in Gresham?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 103 regular apartments in Gresham that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Gresham?

Cheap apartments in Gresham have an average cost of $334 which is $3,151 cheaper than the average rent for all rentals in Gresham.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.