530 NE 5th St
GreshamOR97030
Cheap Homes for Rent in the Downtown Gresham Neighborhood of Gresham, OR from $2,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Gresham area of Gresham.
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
1134 NE 5th St
GreshamOR97030
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1181 NE 5th St
GreshamOR97030
Showing Results 1-3, Page 1 of 1
Downtown Gresham, Gresham, OR Local Guide
How much does it cost to rent a home in Downtown Gresham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Gresham 2 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
| Downtown Gresham 3 Bedroom Homes for Rent | $2,496 | $2,395 | $2,699 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Gresham Neighborhood of Gresham, OR.
Explore Gresham
Let everyone know!
Do you know the Downtown Gresham area?
If you’re an expert on all things Downtown Gresham, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Value Apartments for Rent in Downtown Gresham, OR
As of July 23, 2026 the best value apartment in the Downtown Gresham area is the $1.49 price per square foot 3 Bed - 2 Bath Model at Troutdale Terrace in the in the Riverbend neighborhood starting from $1,862. The second greatest value Downtown Gresham apartment is the 0502x2m Model at Chelsey Lane Apartments starting at $1,500 with a $1.39 price per square foot in the Kelly Creek 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. |
|---|---|---|---|
| Troutdale Terrace | 3 Bed - 2 Bath | 3BR,2BA | $1.49 |
| Chelsey Lane Apartments | 0502x2m | 2BR,2BA | $1.39 |
| Fieldstone Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.52 |
| Heron Hills | 2 Bed 2 Bath | 2BR,2BA | $1.57 |
| Eleven Pines | 2x2 Renovated | 2BR,2BA | $1.65 |
| Hampton Heights | 2x1 | 2BR,1BA | $1.64 |
| Linden Apartments | 2 Bedroom 1 Bath Townhome | 2BR,1BA | $1.43 |
| Avana Powell Valley | Two Bedroom, One Bath 865 sq ft | 2BR,1BA | $1.68 |
| Linden Place Apartments | Two Bed - Washer/Dryer Included | 2BR,1BA | $1.62 |
| Rockwood Village Apartments | 1 Bedroom x 1 Bathroom | 1BR,1BA | $1.42 |
Frequently Asked Questions about Downtown Gresham
What type of rentals are currently available in Downtown Gresham?
There are currently 85 Apartments for Rent in Downtown Gresham, OR with pricing that ranges from $995 to $3,128. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Gresham ranging from $2,150 to $2,699.
What is the current price range for Rental Homes in Downtown Gresham?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Gresham ranges from $2,150 to $2,699 with an average monthly rent of $2,323.
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
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.