Cheap Homes for Rent in Gresham, OR from $700 (17 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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Gresham, OR Local Guide

Cheapest Neighborhoods for Apartments in Gresham, OR

Pricing Updated: 11/04/2025

Current apartment rentals in the Gresham, OR area range in price from $935 to $5,365 with an overall median price of $2,056. The three Gresham neighborhoods with the lowest median rent pricing are Gresham Northeast at $1,020, Gresham Centennial at $950, and Gresham Southwest at $935. 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$1,855$1,02067
Gresham Centennial$2,089$950187
Gresham Southwest$2,094$935124
Gresham North Central$2,115$935138
Gresham Northwest$2,127$935242

Cheapest Available Gresham Apartments for Rent

 

The cheapest available apartment rental in Gresham, OR is a Studio unit found at Keystone East Apartment Homes in the East Portland neighborhood priced from $950. Alder Royal Apartments 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
Keystone East Apartment HomesSmStudio,1BA$950
Alder Royal Apartments1BR/1.0BA1BR,1BA$995
seaside021BR/1.0BA1BR,1BA$995
Crofton Apartments2BD/1BTH2BR,1BA$1,000
The Aurora1X11BR,1BA$1,034

Best Value Apartments for Rent in Gresham, OR

As of November 04, 2025 the best value apartment in the Gresham area is the $1.39 price per square foot 3 Bedroom Model at Cedar Tree in the in the East Portland neighborhood starting from $2,299. The second greatest value Gresham apartment is the 201 SW 4th St Model at 201 SW 4th St, Unit 2 starting at $1,600 with a $1.19 price per square foot in the Riverbend 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.
Cedar Tree3 Bedroom3BR,2.5BA$1.39
201 SW 4th St, Unit 2201 SW 4th St2BR,1BA$1.19
Halsey Summit Apartments3 Bedroom, 1.5 Bath3BR,1.5BA$1.09
Chelsey Lane Apartments0502x2m2BR,2BA$1.37
East Park Place Apartments2 Bedroom, 2 Bath2BR,2BA$1.38
Windsor Court Apartments2 Bedroom Loft2BR,2BA$1.45
Maple Meadows2BR/1.0BA2BR,1BA$1.50
Queens Commons2x12BR,1BA$1.52
Red Rose Manor2BR2B2BR,2BA$1.45
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Gresham

What type of rentals are currently available in Gresham?

There are currently 670 Apartments for Rent in Gresham, OR with pricing that ranges from $935 to $5,365. There are also 86 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gresham ranging from $700 to $19,995.

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 $700 to $19,995 with an average monthly rent of $3,118.

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 $1,150 to $5,365, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $19,995. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $2,447.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.