Cheap Apartments for Rent in the Park Blocks Neighborhood of Portland, OR from $470 (69 Rentals)

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

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Koz on 4th
Rent Specials
$899 - $1,375

Total Monthly Price

Base Rent$899 - $1,375

Total Monthly Price$899 - $1,375
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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.

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Park Plaza
$1,092 - $2,426

Total Monthly Price

Base Rent$1,092 - $2,426

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Park Plaza

1969 SW Park AvePortland, OR 97201
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The Cameron
Rent Specials
$1,211 - $2,272

Total Monthly Price

Base Rent$1,211 - $2,272

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

The Cameron

1500 SW 12th AvePortland, OR 97201
Corporate Housing
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Museum Place
Rent Specials
$1,273 - $2,692

Total Monthly Price

Base Rent$1,273 - $2,692

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Museum Place

1030-1030 SW Jefferson StPortland, OR 97201
Transit Friendly
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Hollis
Rent Specials
$1,274 - $5,410

Total Monthly Price

Base Rent$1,274 - $5,410

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Hollis

1625 SW Alder StPortland, OR 97205
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Storyline
Rent Specials
$1,299 - $9,456

Total Monthly Price

Base Rent$1,299 - $9,456

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Storyline

1177 SW Market StPortland, OR 97201
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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

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Collective on 4th
Rent Specials
$1,315 - $2,592

Total Monthly Price

Base Rent$1,315 - $2,592

Total Monthly Price$1,315 - $2,592
Studio to 2 Bedroom Apartments Available Now

Collective on 4th

1818 SW 4th AvePortland, OR 97201
Student Housing
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Amara
Rent Specials
$1,316 - $8,387

Total Monthly Price

Base Rent$1,316 - $8,387

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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The Douglas
$1,334 - $2,950

Total Monthly Price

Base Rent$1,334 - $2,950

Total Monthly PriceVaries
Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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230 Ash
Rent Specials
$1,345 - $2,260

Total Monthly Price

Base Rent$1,345 - $2,260

Total Monthly Price$1,345 - $2,260
Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
Eco-Friendly
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  • Low Income
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North Hollow
Rent Specials
$1,374 - $4,344

Total Monthly Price

Base Rent$1,374 - $4,344

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
Corporate Housing
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Sky3
Rent Specials
$1,399 - $4,576

Total Monthly Price

Base Rent$1,399 - $4,576

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Sky3

1221 SW 11th AvePortland, OR 97205
Corporate Housing
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Park Blocks - One of the Best Affordable Neighborhoods in Portland

Named as one of the Best Affordable Neighborhoods to rent in Portland by our Portland, OR Local Expert Chad Deitchley. See how it ranks!

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Alder House
Studio Apartments

Alder House

539 SW 13th AvePortland, OR 97205
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Empire Apartments
Studio to 2 Bedroom Apartments

Empire Apartments

1217 SW 11th AvePortland, OR 97205
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St. James
Studio to 2 Bedroom Apartments

St. James

1312 SW 10th AvePortland, OR 97201
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Alder House
Studio Apartments

Alder House

523-539 SW 13th AvePortland, OR 97205
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Everett Micro Lofts
Studio Apartments

Everett Micro Lofts

306-318 NW BroadwayPortland, OR 97209
Student Housing
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Saint Francis Apartments
Studio to 2 Bedroom Apartments

Saint Francis Apartments

1024-1126 SW Main StPortland, OR 97205
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Fifth Avenue Court
Studio to 2 Bedroom Apartments

Fifth Avenue Court

221 NW 5th AvePortland, OR 97209
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Brown Apartments
Studio to 2 Bedroom Apartments

Brown Apartments

807 SW 14th AvePortland, OR 97205

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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. Hamilton West has the second lowest priced unit, which is a Studio apartment currently listed from $789. 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
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$789
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$799
Morrison Park Apartments0BR/1.0BAStudio,1BA$875
Alder HouseSROStudio,1BA$897
Regency ApartmentsStudio AStudio,1BA$900
Washington Plaza Apartmentss4fl 375Studio,1BA$915
Clay & TiffanyStudio DStudio,1BA$949
Tiller TerraceStudioStudio,1BA$950
Brown Apartments0BR/1.0BAStudio,1BA$995

Best Value Apartments for Rent in Park Blocks, OR

As of September 09, 2026 the best value apartment in the Park Blocks area is the $2.06 price per square foot 105 Model at Everett Station Lofts in the in the Pearl District neighborhood starting from $1,847. The second greatest value Park Blocks apartment is the 1BR/1.0BA Model at 1402-1406 SW 12th Ave starting at $1,125 with a $1.55 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.
Everett Station Lofts1051BR,1BA$2.06
1402-1406 SW 12th Ave1BR/1.0BA1BR,1BA$1.55
Park Plaza1x11BR,1BA$2.18
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.10
Westfal ApartmentsOne Bedroom1BR,1BA$1.71
Blumel HallOne Bedroom- Unfurnished1BR,1BA$1.81
WaterleafStudioStudio ,1BA$2.17
Brown Apartments0BR/1.0BAStudio ,1BA$1.99
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.88
Modern Rich Apartments0BR/1.0BAStudio ,1BA$2.16

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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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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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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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 Westfal Apartments which is listed at $1,025, while the average apartment in Park Blocks costs $1,674.

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 107 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 $531 which is $1,143 cheaper than the average rent for all rentals in Park Blocks.

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

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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.

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

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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.