
Cheap Apartments for Rent in the Centennial Neighborhood of Gresham, OR from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Gresham.


Terracina Vista

Keystone East Apartment Homes

D Street Salal Apartments

Glendoveer Woods Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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Rockwood Village Apartments

Vine Maple

Alder Royal Apartments

Alder Village

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

How much does it cost to rent an apartment in Centennial?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Centennial Studio Apartments | $1,143 | $950 | $1,316 |
| Centennial 1 Bedroom Apartments | $1,401 | $985 | $2,372 |
| Centennial 2 Bedroom Apartments | $1,603 | $1,130 | $2,270 |
| Centennial 3 Bedroom Apartments | $2,100 | $1,750 | $3,620 |
| Centennial 4 Bedroom Apartments | $2,882 | $2,447 | $4,188 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Centennial Neighborhood of Gresham, OR.
See all Apartments in GreshamExplore Gresham
Centennial, Gresham, OR Local Guide
- Nearby Gresham neighborhoods
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Cheapest Available Centennial Apartments for Rent
 The cheapest available apartment rental in the Centennial area of Portland, OR is a 1 Bed unit found at Terracina Vista priced from $950. Keystone East Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Centennial apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terracina Vista | One Bedroom | 1BR,1BA | $950 |
| Keystone East Apartment Homes | Sm | Studio,1BA | $950 |
| Glendoveer Woods Apartments | Spacious Studio NO Washer & Dryer | Studio,1BA | $989 |
| Rockwood Village Apartments | 1 Bedroom x 1 Bathroom | 1BR,1BA | $995 |
| The Aurora | 1X1 | 1BR,1BA | $1,034 |
| Wynne Watts Commons | Studio | Studio,1BA | $1,050 |
| Alder Royal Apartments | 0BR/1.0BA | Studio,1BA | $1,050 |
| Crofton Apartments | 1BD/1BTH | 1BR,1BA | $1,099 |
| Mayfield Court Apartments | 1 BEDROOM | 1BR,1BA | $1,107 |
| The Nash | 1 x 1 | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Centennial, OR
As of December 09, 2025 the best value apartment in the Centennial area is the $1.33 price per square foot 2BD/1BTH Model at Cedar Tree in the in the East Portland neighborhood starting from $1,750. The second greatest value Centennial apartment is the 2x1.5 townhouse Model at Rockrose Apartments starting at $1,595 with a $1.47 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Centennial apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar Tree | 2BD/1BTH | 2BR,1BA | $1.33 |
| Rockrose Apartments | 2x1.5 townhouse | 2BR,1.5BA | $1.47 |
| Trailside | 2 Bedroom 2 Bath | 2BR,2BA | $1.47 |
| East Park Place Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.38 |
| Glenfair Park Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.50 |
| Griffin Court | 2BR/1.5BA | 2BR,1.5BA | $1.35 |
| Queens Commons | 2x1 | 2BR,1BA | $1.52 |
| Red Rose Manor | 2BR2B | 2BR,2BA | $1.45 |
| Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.36 |
| Sherman Villa | 2BR | 2BR,2BA | $1.53 |
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.
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 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.
Pet Friendly LifestyleCentennial, Gresham, OR
Ranked #2
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Centennial, Gresham, OR
Lynch Meadows Elementary School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Oregon including Centennial, Gresham, and the greater Portland area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Centennial Apartments
What is a cheap apartment in Centennial?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Centennial is under $1,135.
What is the price of a cheap apartment in Centennial?
The cheapest apartment in Centennial is Terracina Vista which is listed at $950, while the average apartment in Centennial costs $2,447.
What types of apartments are the cheapest in Centennial?
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 41 regular apartments in Centennial 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 Centennial?
Cheap apartments in Centennial have an average cost of $794 which is $1,653 cheaper than the average rent for all rentals in Centennial.
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

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