Cheap Homes for Rent in Gresham, OR from $1,200 (17 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

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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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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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Showing Results 1-17, Page 1 of 1

Gresham, OR Local Guide

Cheapest Neighborhoods for Apartments in Gresham, OR

Pricing Updated: 06/15/2025

Current apartment rentals in the Gresham, OR area range in price from $915 to $5,608 with an overall median price of $2,485. The three Gresham neighborhoods with the lowest median rent pricing are Gresham Northeast at $1,020, Gresham Centennial at $1,225, and Gresham Northwest at $1,149. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Gresham Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Gresham Northeast$2,167$1,02075
Gresham Centennial$2,223$1,22598
Gresham Northwest$2,243$1,14997
Gresham North Central$2,295$91579
Gresham Southwest$3,500$1,30079

Cheapest Available Gresham Apartments for Rent

 

The cheapest available apartment rental in Gresham, OR is a Studio unit found at Abigail Court - Student Housing in the Kelly Creek neighborhood priced from $915. seaside02 in the East Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Gresham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Abigail Court - Student HousingStudioStudio,1BA$915
seaside021BR/1.0BA1BR,1BA$995
The Bria Apartments1 Bed, 1 bath1BR,1BA$999
Alder Royal Apartments1BR/1.0BA1BR,1BA$1,050
Huckleberry ApartmentsStudioStudio,1BA$1,050

Best Value Apartments for Rent in Gresham, OR

As of June 15, 2025 the best value apartment in the Gresham 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 Gresham apartment is the 3BR/2.0BA Model at 120 SE 143rd Portland, LLC starting at $1,750 with a $1.46 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Gresham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Sandpiper2BR/1.0BA2BR,1BA$0.83
120 SE 143rd Portland, LLC3BR/2.0BA3BR,2BA$1.46
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.31
Fern Grove3BR 1Bath3BR,1BA$1.39
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
Beverly Gardens Apartments2 Bed 1 Bath2BR,1BA$1.48
Sherman Villa2BR2BR,2BA$1.45
Fircrest Apartments 1159-F2x12BR,1BA$1.47

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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Frequently Asked Questions about Gresham

What type of rentals are currently available in Gresham?

There are currently 645 Apartments for Rent in Gresham, OR with pricing that ranges from $915 to $5,599. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gresham ranging from $1,245 to $4,750.

What is the current price range for Rental Homes in Gresham?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Gresham ranges from $1,245 to $4,750 with an average monthly rent of $2,996.

How much are larger Three and Four Bedroom Rentals in Gresham?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Gresham range from $1,225 to $3,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,095 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,895 and Four Bedroom Apartments start at $1,800.

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.

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

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.