Cheap Apartments for Rent in the Park Blocks Neighborhood of Portland, OR from $400 (54 Rentals)

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

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.

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Koz on 4th
Rent Specials
$949 - $1,425
Total Monthly Price

Total Monthly Price

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$949 - $1,425

Total Monthly Price
$949 - $1,425
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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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
$1,188 - $2,426
Total Monthly Price

Total Monthly Price

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$1,188 - $2,426

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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 - $2,568
Total Monthly Price

Total Monthly Price

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$1,211 - $2,568

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Studio to 2 Bedroom Apartments Available Now

The Cameron

1500 SW 12th AvePortland, OR 97201
Corporate Housing
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The Douglas
$1,275 - $2,950
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Total Monthly Price

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$1,275 - $2,950

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Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
Pet Friendly
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Alder House
Studio Apartments

Alder House

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

Hidwell Apartments

1415 SW 11th 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

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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West Park Place
Studio to 1 Bedroom Apartments

West Park Place

1415-1419 SW Park AvePortland, OR 97201
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The Amy
Studio to 1 Bedroom Apartments

The Amy

2031 SW 10th AvePortland, OR 97201
Student Housing
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Rosenbaum
Studio Apartments

Rosenbaum

1200-1218 SW Washington StPortland, OR 97205
Senior Living
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Whitney Gray
Studio to 2 Bedroom Apartments

Whitney Gray

409 SW 12th AvePortland, OR 97205
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Park Avenue Gardens
Studio to 3 Bedroom Apartments

Park Avenue Gardens

2073 SW Park AvePortland, OR 97201
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The Arthur
Studio Apartments

The Arthur

726 SW 11th AvePortland, OR 97205
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650 SW Sherman St
Studio to 1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
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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 Waterleaf priced from $480. Helen Swindells Building has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here are the most affordable Park Blocks apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
Helen Swindells Building0x1Studio,1BA$500
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$789
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$875
Doricourt ApartmentsStudio (215sq ft '04, '05, '09, '10, '11, #203,...Studio,1BA$900
Regency ApartmentsStudio AStudio,1BA$900
Washington Plaza Apartmentss5fl 275Studio,1BA$915
Tiller TerraceStudioStudio,1BA$950
The VueThe PearlStudio,1BA$978

Best Value Apartments for Rent in Park Blocks, OR

As of July 26, 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 1607 Apartments starting at $1,550 with a $2.22 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
1607 Apartments1BR/1.0BA1BR,1BA$2.22
Waterleaf1 Bedroom 1 Bath1BR,1BA$1.90
Park Plaza1x11BR,1BA$2.18
Blumel HallOne Bedroom- Unfurnished1BR,1BA$1.81
Casa Del ReyLa Reina - One Bedroom1BR,1BA$2.17
Brown Apartments0BR/1.0BAStudio ,1BA$1.99
Ongford ApartmentsStudioStudio ,1BA$2.14
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$2.06
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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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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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 $978.

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

The cheapest apartment in Park Blocks is Fifth Avenue Place Apartments which is listed at $1,100, while the average apartment in Park Blocks costs $2,950.

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 64 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 $497 which is $2,453 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.

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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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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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.

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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.

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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.