Cheap Apartments for Rent in the Centennial Neighborhood of Gresham, OR from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Gresham.
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.

Sunshine Meadows

131-149-149 SE 151st Ave

The Bria Apartments

Alder Royal Apartments

Wynne Watts Commons

Firwood Station

17782 E Burnside St
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.
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.
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.
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 | $1,329 | $1,050 | $1,835 |
Centennial 1 Bedroom Apartments | $1,464 | $985 | $2,080 |
Centennial 2 Bedroom Apartments | $1,727 | $1,130 | $2,962 |
Centennial 3 Bedroom Apartments | $2,129 | $1,225 | $2,992 |
Centennial 4 Bedroom Apartments | $2,599 | $1,800 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 27 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
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
seaside02 | 1BR/1.0BA | 1BR,1BA | $995 |
The Bria Apartments | 1 Bed, 1 bath | 1BR,1BA | $999 |
Wynne Watts Commons | Studio | Studio,1BA | $1,050 |
Alder Royal Apartments | 1BR/1.0BA | 1BR,1BA | $1,050 |
Eastside Village Apartments | 1BR/1.0BA | 1BR,1BA | $1,100 |
Greenfaire Apartments | 1BR/1.0BA | 1BR,1BA | $1,100 |
The Davenport | 1x1 Standard | 1BR,1BA | $1,140 |
Surrey Square Apartments | 1BR/1.0BA | 1BR,1BA | $1,150 |
Alder Village | 1BR/1.0BA | 1BR,1BA | $1,150 |
Raintree Apartments | 1BR/1.0BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Sandpiper | 2BR/1.0BA | 2BR,1BA | $0.83 |
Trailside | 2 Bedroom 2 Bath | 2BR,2BA | $1.47 |
East Park Place Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.38 |
Windsor Court Apartments | 2 Bedroom Loft | 2BR,2BA | $1.45 |
Griffin Court | 2BR/1.5BA | 2BR,1.5BA | $1.50 |
Township Eastside | 2x2 Classic | 2BR,2BA | $1.49 |
Sherman Villa | 2BR | 2BR,2BA | $1.45 |
1855 SE 162nd Ave, Unit 1855 | 1855 SE 162nd Ave | 2BR,1BA | $1.58 |
Brentwood Apartments | 2BD, 1BTH A | 2BR,1BA | $1.58 |
Treecrest Burnside | 2BR/1.0BA | 2BR,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.
Pet Friendly LifestyleCentennial, Gresham, OR
Ranked #2
Among neighborhoods in Gresham, OR 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 $1,150.
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.

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.

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.

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.

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.