
Cheap Apartments for Rent in Gresham, OR from $500 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Gresham.


2127-27 NE 5th St

IRONWOOD GREENS

Arbor Place Apartments

Keystone East
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.

Terracina Vista

Glendoveer Woods Apartments

D Street Salal Apartments

Rockwood Village Apartments

Tuscany Village

Stark Street Crossing

Vine Maple

Alder Village

Firwood Station
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.

Alder Royal Apartments

409 SE 143rd Ave
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.
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.

Stark Street Station 1 & 2-Bedroom Apartments in East Portland
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.
Gresham, OR Local Guide

How much does it cost to rent an apartment in Gresham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Gresham Studio Apartments | $1,253 | $899 | $2,194 |
| Cheap Gresham 1 Bedroom Apartments | $1,436 | $985 | $2,057 |
| Cheap Gresham 2 Bedroom Apartments | $1,669 | $1,130 | $2,500 |
| Cheap Gresham 3 Bedroom Apartments | $2,108 | $1,150 | $3,595 |
| Cheap Gresham 4 Bedroom Apartments | $2,779 | $2,447 | $3,777 |
Browse Top Apartments in Gresham
See all Apartments in GreshamExplore Gresham
Gresham, OR Local Guide

- Gresham Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Gresham, OR
Pricing Updated: 12/15/2025Current apartment rentals in the Gresham, OR area range in price from $899 to $3,777 with an overall median price of $2,592. The three Gresham neighborhoods with the lowest median rent pricing are Gresham North Central at $899, Gresham Northeast at $1,020, 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Gresham North Central | $2,106 | $899 | 192 |
| Gresham Northeast | $2,186 | $1,020 | 132 |
| Gresham Centennial | $2,447 | $915 | 251 |
| Gresham Northwest | $2,447 | $899 | 353 |
| Gresham Southwest | $3,777 | $899 | 148 |
Cheapest Available Gresham Apartments for Rent
 The cheapest available apartment rental in Gresham, OR is a Studio unit found at Abigail Court - Student Housing in the Riverbend neighborhood priced from $899. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abigail Court - Student Housing | Studio | Studio,1BA | $899 |
| Keystone East | SM Studio 355 Sq ft | Studio,1BA | $915 |
| Terracina Vista | One Bedroom | 1BR,1BA | $950 |
| Glendoveer Woods Apartments | Spacious Studio NO Washer & Dryer | Studio,1BA | $979 |
| The Aurora | 1X1 | 1BR,1BA | $1,034 |
| Alder Royal Apartments | 0BR/1.0BA | Studio,1BA | $1,050 |
| Stark Street Crossing | 0BR/1.0BA | Studio,1BA | $1,050 |
| Huckleberry Apartments | Studio | Studio,1BA | $1,050 |
| Wynne Watts Commons | Studio | Studio,1BA | $1,050 |
| The Nash | 1 x 1 | 1BR,1BA | $1,088 |
Best Value Apartments for Rent in Gresham, OR
As of December 15, 2025 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chelsey Lane Apartments | 0503x2 | 3BR,2BA | $1.29 |
| Cedar Tree | 2BD/1BTH | 2BR,1BA | $1.33 |
| Trailside | 2 Bedroom 2 Bath | 2BR,2BA | $1.47 |
| East Park Place Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.38 |
| Heron Hills | 2 Bed 2 Bath | 2BR,2BA | $1.47 |
| Kirk Grove Apartments | 2x2 | 2BR,2BA | $1.44 |
| Red Rose Manor | 2BR2B | 2BR,2BA | $1.45 |
| IRONWOOD GREENS | 2 Bed 1 Bath | 2BR,1BA | $1.42 |
| Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.36 |
| Halsey Summit Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.45 |
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!
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleA 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
Read ArticleQuick Rent Budget Calculator
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.
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
Pleasant Valley Elementary School
Sam Barlow High School
Dexter Mccarty Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Gresham, OR Rentals by Map
See the most popular apartments and homes in Gresham, OR
Getting Around Gresham, OR
Walk Score®
61 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some bike infrastructure
Transit Score®
45 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,088.
What is the price of a cheap apartment in Gresham?
The cheapest apartment in Gresham is Terracina Vista which is listed at $950, while the average apartment in Gresham costs $2,592.
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 78 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 $529 which is $2,063 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

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.

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.

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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
































