Cheap Apartments for Rent in the Centennial Neighborhood of Gresham, OR from $500 (27 Rentals)

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

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Aldercrest Apartments
1 to 2 Bedroom Apartments

Aldercrest Apartments

21900 SE Alder DrGresham, OR 97030
  • Utilities Included
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Gresham Station
Studio Apartments

Gresham Station

1003 NW Shattuck WayGresham, OR 97030
  • Utilities Included

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.

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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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
  • Utilities Included
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
  • Utilities Included

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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Mayfield Court Apartments
1 to 2 Bedroom Apartments

Mayfield Court Apartments

17675 SE Pine StPortland, OR 97233
Senior Living
  • Utilities Included
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Evergreen Gardens
2 Bedroom Apartments

Evergreen Gardens

19201-19213 SE Yamhill StPortland, OR 97233
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seaside02
1 Bedroom Apartments

seaside02

131-149 SE 151st AvePortland, OR 97233

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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Rose Apartments
1 Bedroom Apartments

Rose Apartments

1200 SE 162nd AvePortland, OR 97233

Centennial, Gresham, OR Local Guide

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 seaside02 priced from $995. The Bria Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Centennial apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
seaside021BR/1.0BA1BR,1BA$995
The Bria Apartments1 Bed, 1 bath1BR,1BA$999
Wynne Watts CommonsStudioStudio,1BA$1,050
Alder Royal Apartments1BR/1.0BA1BR,1BA$1,050
Eastside Village Apartments1BR/1.0BA1BR,1BA$1,100
Greenfaire Apartments1BR/1.0BA1BR,1BA$1,100
The Davenport1x1 Standard1BR,1BA$1,140
Surrey Square Apartments1BR/1.0BA1BR,1BA$1,150
Alder Village1BR/1.0BA1BR,1BA$1,150
Raintree Apartments1BR/1.0BA1BR,1BA$1,150

Best Value Apartments for Rent in Centennial, OR

As of June 16, 2025 the best value apartment in the Centennial area is the $0.83 price per square foot 2BR/1.0BA Model at The Sandpiper in the in the East Portland neighborhood starting from $1,495. The second greatest value Centennial apartment is the 2 Bedroom 2 Bath Model at Trailside starting at $1,575 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Sandpiper2BR/1.0BA2BR,1BA$0.83
Trailside2 Bedroom 2 Bath2BR,2BA$1.47
East Park Place Apartments2 Bedroom, 2 Bath2BR,2BA$1.38
Windsor Court Apartments2 Bedroom Loft2BR,2BA$1.45
Griffin Court2BR/1.5BA2BR,1.5BA$1.50
Township Eastside2x2 Classic2BR,2BA$1.49
Sherman Villa2BR2BR,2BA$1.45
1855 SE 162nd Ave, Unit 18551855 SE 162nd Ave2BR,1BA$1.58
Brentwood Apartments2BD, 1BTH A2BR,1BA$1.58
Treecrest Burnside2BR/1.0BA2BR,1BA$1.59

Quick 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.

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Pet Friendly Lifestyle
Centennial, Gresham, OR

Ranked #2

Among neighborhoods in Gresham, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,150.

What is the price of a cheap apartment in Centennial?

The cheapest apartment in Centennial is seaside02 which is listed at $995, 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 22 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 $384 which is $2,063 cheaper than the average rent for all rentals in Centennial.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.