Cheap Apartments for Rent in the Park Blocks Neighborhood of Portland, OR from $400 (70 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Koz on 4th
Rent Specials
$949 - $1,375
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$949 - $1,375
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$949 - $1,375
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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Park Plaza
$1,004 - $2,426
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$1,004 - $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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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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The Cameron
$1,152 - $2,085
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$1,152 - $2,085
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Studio to 2 Bedroom Apartments Available Now

The Cameron

1500 SW 12th AvePortland, OR 97201
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Collective on 4th
Rent Specials
$1,214 - $4,232
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$1,214 - $4,232
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Studio to 3 Bedroom Apartments Available Now

Collective on 4th

1818 SW 4th AvePortland, OR 97201
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North Hollow
Rent Specials
$1,288 - $4,841
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$1,288 - $4,841
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Studio to 2 Bedroom Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
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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 Douglas
Rent Specials
$1,325 - $2,999
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$1,325 - $2,999
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Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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Storyline
Rent Specials
$1,353 - $5,724
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$1,353 - $5,724
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Studio to 2 Bedroom Apartments Available Now

Storyline

1177 SW Market StPortland, OR 97201
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230 Ash
Rent Specials
$1,360 - $2,005
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$1,360 - $2,005
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Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
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Amara
Rent Specials
$1,374 - $4,512
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$1,374 - $4,512
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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Portland Astoria
Rent Specials
$1,394 - $5,224
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$1,394 - $5,224
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Studio to 2 Bedroom Apartments Available Now

Portland Astoria

140 SW Columbia StPortland, OR 97201
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Museum Place
Rent Specials
$1,399 - $2,581
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$1,399 - $2,581
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Studio to 2 Bedroom Apartments Available Now

Museum Place

1030-1030 SW Jefferson StPortland, OR 97201
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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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Sky3
Rent Specials
$1,399 - $3,729
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$1,399 - $3,729
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Studio to 2 Bedroom Apartments Available Now

Sky3

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

Alder House

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

Everett Micro Lofts

306-318 NW BroadwayPortland, OR 97209
Student Housing

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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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 Apartments 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 Apartments0x1Studio,1BA$500
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$789
Doricourt Apartments -- Historic SW DowntownStudio (215sq ft '04’s, '05s, '09s, '10s, '11s,...Studio,1BA$825
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$845
Fountain Place ApartmentsStudio - 60%Studio,1BA$860
WestshorestudioStudio,1BA$869
Morrison Park Apartments0BR/1.0BAStudio,1BA$875
Regency ApartmentsStudio AStudio,1BA$875

Best Value Apartments for Rent in Park Blocks, OR

As of June 06, 2026 the best value apartment in the Park Blocks area is the $1.46 price per square foot Two Bedroom Model at Gallery Park Apartments in the in the Northwest Portland neighborhood starting from $1,750. The second greatest value Park Blocks apartment is the 105 Model at Everett Station Lofts starting at $1,847 with a $2.06 price per square foot in the Pearl District 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.
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.46
Everett Station Lofts1051BR,1BA$2.06
Victorian Apartments1BR/1.0BA1BR,1BA$1.70
Waterleaf1 Bedroom 1 Bath1BR,1BA$1.83
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.10
Westfal ApartmentsOne Bedroom1BR,1BA$1.71
Brown Apartments0BR/1.0BAStudio ,1BA$1.99
Ongford ApartmentsStudioStudio ,1BA$2.14
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.78
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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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 $875.

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 $2,413.

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 100 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 $1,308 which is $1,105 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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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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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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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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From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.