
Cheap Apartments for Rent in the Downtown Gresham Neighborhood of Gresham, OR from $800 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Gresham area of Gresham.


Highland Park

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Arbor Place Apartments
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Downtown Gresham, Gresham, OR Local Guide

How much does it cost to rent an apartment in Downtown Gresham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Gresham Studio Apartments | $1,275 | $1,020 | $1,544 |
| Downtown Gresham 1 Bedroom Apartments | $1,499 | $995 | $2,244 |
| Downtown Gresham 2 Bedroom Apartments | $1,699 | $1,295 | $2,500 |
| Downtown Gresham 3 Bedroom Apartments | $2,098 | $1,595 | $2,595 |
| Downtown Gresham 4 Bedroom Apartments | $2,221 | $1,995 | $2,447 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Gresham Neighborhood of Gresham, OR.
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Cheapest Available Downtown Gresham Apartments for Rent
 The cheapest available apartment rental in the Downtown Gresham area of Portland, OR is a Studio unit found at Abigail Court - Student Housing priced from $850. Rockwood Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Downtown Gresham apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abigail Court - Student Housing | Studio | Studio,1BA | $850 |
| Rockwood Village Apartments | 1 Bedroom x 1 Bathroom | 1BR,1BA | $995 |
| Highland Park | Studio A | Studio,1BA | $1,049 |
Best Value Apartments for Rent in Downtown Gresham, OR
As of March 14, 2026 the best value apartment in the Downtown Gresham area is the $1.39 price per square foot 0502x2m Model at Chelsey Lane Apartments in the in the Kelly Creek neighborhood starting from $1,500. The second greatest value Downtown Gresham apartment is the 2 Bed 2 Bath Model at Heron Hills starting at $1,499 with a $1.52 price per square foot in the Riverbend neighborhood. Here is today’s list of the best values for Downtown Gresham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chelsey Lane Apartments | 0502x2m | 2BR,2BA | $1.39 |
| Heron Hills | 2 Bed 2 Bath | 2BR,2BA | $1.52 |
| Powell Street Station | 2BR/2.0BA | 2BR,2BA | $1.68 |
| Hampton Heights | 2x1 | 2BR,1BA | $1.69 |
| Aspire Trailmark | 2x1 Renovated 2nd Floor 3 | 2BR,1BA | $1.71 |
| Bristol Woods | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.64 |
| Outlook 16 | B1 | 2BR,1BA | $1.72 |
| Parkside Apartments | Wahkeena | 2BR,1BA | $1.68 |
| Rockwood Village Apartments | 1 Bedroom x 1 Bathroom | 1BR,1BA | $1.42 |
| IRONWOOD GREENS | 1 Bed 1 Bath | 1BR,1BA | $1.71 |
Frequently Asked Questions about Cheap Downtown Gresham Apartments
What is a cheap apartment in Downtown Gresham?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Gresham is under $1,299.
What is the price of a cheap apartment in Downtown Gresham?
The cheapest apartment in Downtown Gresham is Rockwood Village Apartments which is listed at $995, while the average apartment in Downtown Gresham costs $2,201.
What types of apartments are the cheapest in Downtown 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 21 regular apartments in Downtown 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 Downtown Gresham?
Cheap apartments in Downtown Gresham have an average cost of $879 which is $1,322 cheaper than the average rent for all rentals in Downtown 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
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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
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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.

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Articles, How-To's, and Tips

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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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Renting your next home can feel thrilling and overwhelming at the same time.

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.