Cheap Apartments for Rent in Gresham, OR from $500 (277 Rentals)

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Search the lowest-cost Apartments available for rent right now in Gresham.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Arden
Rent Specials
$1,339 - $2,306
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$1,339 - $2,306
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1 to 3 Bedroom Apartments Available Now

The Arden

765 SE Mount Hood HwyGresham, OR 97080
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property at 200 SW Florence Ave

$1,365

Total Monthly Price

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Base Rent
$1,365
Total Monthly Price
$1,365

1 Bedroom, 1 Bath Condo for Rent

Available Now

200 SW Florence Ave, Unit G11, Unit G11

200 SW Florence Ave
GreshamOR97080
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Alta Civic Station
Rent Specials
$1,384 - $2,958
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Total Monthly Price

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$1,384 - $2,958
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Studio to 3 Bedroom Apartments Available Now

Alta Civic Station

1699 NW Civic DrGresham, OR 97030
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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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Arts Plaza
Rent Specials
$1,399 - $2,650
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Total Monthly Price

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$1,399 - $2,650
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Studio to 3 Bedroom Apartments Available Now

Arts Plaza

492 NE 2nd StGresham, OR 97030
Luxury
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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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Avana Powell Valley
$1,489 - $2,642
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$1,489 - $2,642
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1 to 3 Bedroom Apartments Available Now

Avana Powell Valley

1500 SW Pleasant View DrGresham, OR 97080
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Aspire Trailmark
$1,518 - $1,651
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Total Monthly Price

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$1,518 - $1,651
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2 Bedroom Apartments Available Now

Aspire Trailmark

700 SW Eastman PkyGresham, OR 97080
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Eleven Pines
$1,524 - $2,498
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$1,524 - $2,498
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1 to 3 Bedroom Apartments Available May 21

Eleven Pines

4777 SW 11th StGresham, OR 97080
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Outlook 16
$1,525 - $4,405
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$1,525 - $4,405
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1 to 2 Bedroom Apartments Available May 15

Outlook 16

1616 NE 16th WayGresham, OR 97030
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Aspire Gresham
Rent Specials
$1,568 - $1,673
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$1,568 - $1,673
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2 Bedroom Apartments Available Now

Aspire Gresham

2400 NE Red Sunset DrGresham, OR 97030
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Heron Hills
Rent Specials
$1,575 - $1,675
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$1,575 - $1,675
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2 Bedroom Apartments Available Now

Heron Hills

23900 SE Stark StGresham, OR 97030
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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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Linden Apartments
1 to 3 Bedroom Apartments

Linden Apartments

951 NE Linden AveGresham, 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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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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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: 04/30/2026

Current apartment rentals in the Gresham, OR area range in price from $915 to $5,882 with an overall median price of $2,861. The three Gresham neighborhoods with the lowest median rent pricing are Gresham Northeast at $1,020, Gresham North Central at $1,020, and Gresham Southwest at $985. 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$1,885$1,020124
Gresham North Central$2,258$1,020176
Gresham Southwest$2,289$985110
Gresham Centennial$3,938$915181
Gresham Northwest$3,938$995339

Cheapest Available Gresham Apartments for Rent

 

The cheapest available apartment rental in Gresham, OR is a Studio unit found at Glendoveer Woods Apartments in the East Portland neighborhood priced from $986. Rockwood Village Apartments in the East Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Gresham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Glendoveer Woods ApartmentsStudio NO Washer & DryerStudio,1BA$986
Rockwood Village Apartments1 Bedroom x 1 Bathroom1BR,1BA$995
Crofton Apartments2BD/1BTH2BR,1BA$1,000
The Aurora1X11BR,1BA$1,034
Highland ParkStudio AStudio,1BA$1,049
Wynne Watts CommonsStudioStudio,1BA$1,050
Huckleberry ApartmentsStudioStudio,1BA$1,050
seaside021BR/1.0BA1BR,1BA$1,095
The Nash1 x 11BR,1BA$1,099
Tuscany Village1x11BR,1BA$1,099

Best Value Apartments for Rent in Gresham, OR

As of April 30, 2026 the best value apartment in the Gresham area is the $1.18 price per square foot 3BD/3BTH Model at Cedar Tree in the in the East Portland neighborhood starting from $1,950. The second greatest value Gresham apartment is the 0502x2m Model at Chelsey Lane Apartments starting at $1,500 with a $1.39 price per square foot in the Kelly Creek 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.
Cedar Tree3BD/3BTH3BR,3BA$1.18
Chelsey Lane Apartments0502x2m2BR,2BA$1.39
East Park Place Apartments2 Bedroom, 2 Bath2BR,2BA$1.38
Park Place3 Bed 2 Bath Standard3BR,2BA$1.38
Windsor Court Apartments2 Bedroom Loft2BR,2BA$1.40
Firwood Station2 Bed 1 Bath2BR,1BA$1.21
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
Rockwood Landing2X1- 40% LIHTC2BR,1BA$0.86
Brentwood Apartments1BD, 1BTH1BR,1BA$1.41
Crofton Apartments2BD/1BTH2BR,1BA$1.29

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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.

Gresham, OR
Population: 110,158

Ranked #275

in US Census Population by City

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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 $1,099.

What is the price of a cheap apartment in Gresham?

The cheapest apartment in Gresham is Rockwood Village Apartments which is listed at $995, while the average apartment in Gresham costs $2,861.

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 65 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 $285 which is $2,576 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.

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

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.

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From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.