Cheap Apartments for Rent in the Park Blocks Neighborhood of Portland, OR from $500 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Park Blocks area of Portland.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Sky3
Rent Specials
$1,375 - $4,186Studio to 2 Bedroom Apartments Available Now

Sky3

1221 SW 11th AvePortland, OR 97205
Transit Friendly
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Alder House
Studio Apartments

Alder House

539 SW 13th AvePortland, OR 97205
  • Utilities Included
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Alder House
Studio Apartments

Alder House

523-539 SW 13th AvePortland, OR 97205
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Empire Apartments
Studio to 1 Bedroom Apartments

Empire Apartments

1217 SW 11th AvePortland, OR 97205
  • Utilities Included

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.

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The Arthur
Studio Apartments

The Arthur

726 SW 11th AvePortland, OR 97205
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Saint Francis Apartments
Studio to 2 Bedroom Apartments

Saint Francis Apartments

1024-1126 SW Main StPortland, OR 97205
  • Utilities Included
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Eden on Everett
Studio to 1 Bedroom Apartments

Eden on Everett

1634 NW Everett StPortland, OR 97209
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Showing Results 1-50, Page 1 of 2

Park Blocks, Portland, OR Local Guide

Cheapest Available Park Blocks Apartments for Rent

 

The cheapest available apartment rental in the Park Blocks area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Fountain Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $737. Here are the most affordable Park Blocks apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Fountain Place ApartmentsStudio - 60%Studio,1BA$737
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
5th Avenue Place ApartmentsStudio, 1 bathStudio,1BA$795
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Washington Plaza Apartmentss4fl 255Studio,1BA$915
Gretchen Kafoury CommonsStudio 60%Studio,1BA$921
Regency ApartmentsStudio AStudio,1BA$950
Whitney GrayStudio AStudio,1BA$975
Beverly Alder ApartmentsStudios (07's, 08's) Faces LightwellStudio,1BA$995

Best Value Apartments for Rent in Park Blocks, OR

As of July 30, 2025 the best value apartment in the Park Blocks area is the $1.60 price per square foot Residence 9 Model at Harrison Tower Apartment Homes in the in the Homestead neighborhood starting from $2,648. The second greatest value Park Blocks apartment is the 2 Bed 2.5 Bath Model at 1607 Apartments starting at $2,200 with a $1.78 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Park Blocks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harrison Tower Apartment HomesResidence 93BR,2BA$1.60
1607 Apartments2 Bed 2.5 Bath2BR,2.5BA$1.78
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1.64
Hidwell Apartments1BR/1.0BA1BR,1BA$1.68
Pine Cone Apartments1bed1bath1BR,1BA$1.62
The CameronA-21BR,1BA$2.10
WaterleafStudio-60%Studio ,1BA$2.13
Brown Apartments0BR/1.0BAStudio ,1BA$1.99
5th Avenue Place ApartmentsStudio, 1 bathStudio ,1BA$1.67
Fountain Place ApartmentsStudio - 60%Studio ,1BA$1.69

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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Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Oregon, including Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Park Blocks Neighborhood in Portland, OR

Walk Score®

99 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

91 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

93 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Park Blocks Apartments

What is a cheap apartment in Park Blocks?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Blocks is under $995.

What is the price of a cheap apartment in Park Blocks?

The cheapest apartment in Park Blocks is Pine Cone Apartments which is listed at $1,050, while the average apartment in Park Blocks costs $3,389.

What types of apartments are the cheapest in Park Blocks?

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 54 regular apartments in Park Blocks 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 Park Blocks?

Cheap apartments in Park Blocks have an average cost of $171 which is $3,218 cheaper than the average rent for all rentals in Park Blocks.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.