Cheap Apartments for Rent in the Parkrose Heights Neighborhood of Portland, OR from $500 (99 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 14407 NE Fremont St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

3 Bedroom, 2 Bath Townhome for Rent

Available Now

14407 NE Fremont St

PortlandOR97230

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.

Read Article

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.

Read Article
close
View Me
Melrose Court Apartments
$1,200 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,055 - $1,605
Required Monthly Fees
$145
Total Monthly Price
$1,200 - $1,750
1 to 2 Bedroom Apartments Available Now

Melrose Court Apartments

4301-4495 NE 133rd AvePortland, OR 97230
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

Read Article
close
View Me
SM Multnomah Manor
1 to 3 Bedroom Apartments

SM Multnomah Manor

9110 NE Hassalo StPortland, OR 97220
  • Utilities Included
close
View Me
The Alicia Apartments
Studio to 2 Bedroom Apartments

The Alicia Apartments

10304-10308 NE Wygant StPortland, OR 97220
  • Utilities Included

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.

Read Article
close
View Me
The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
  • Utilities Included
close
View Me
Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
  • Utilities Included
close
View Me
Parkrose Terrace
Studio to 1 Bedroom Apartments

Parkrose Terrace

10235 NE Prescott StPortland, OR 97220
  • Utilities Included
close
View Me
Parkway Garden Apartments
Studio to 3 Bedroom Apartments

Parkway Garden Apartments

14024-14124 NE Sandy BlvdPortland, OR 97230
  • Utilities Included
close
View Me
The Bria Apartments
1 to 2 Bedroom Apartments

The Bria Apartments

30 NE 146th AvePortland, OR 97230
  • Utilities Included
close
View Me
Melissa Anne
1 to 2 Bedroom Apartments

Melissa Anne

7606-7720 E Burnside StPortland, OR 97215

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.

Read Article
Showing Results 1-50, Page 1 of 2

Parkrose Heights, Portland, OR Local Guide

Cheapest Available Parkrose Heights Apartments for Rent

 

The cheapest available apartment rental in the Parkrose Heights area of Portland, OR is a Studio unit found at MILEPOST 5 priced from $630. Buri Building has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Parkrose Heights apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5Studio Just SinkStudio,$630
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Madison at ParkroseStudioStudio,1BA$900
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$959
Wy'East PlazastudioStudio,1BA$1,001
Melissa Anne1x11BR,1BA$1,025
Fairway Apartments1x11BR,1BA$1,025
335 SE 80th Ave0 Beds, 1 BathsStudio,1BA$1,050
Huckleberry ApartmentsStudioStudio,1BA$1,050

Best Value Apartments for Rent in Parkrose Heights, OR

As of April 04, 2026 the best value apartment in the Parkrose Heights area is the $1.33 price per square foot 2BR/1.0BA Model at Imperial House in the in the East Portland neighborhood starting from $1,350. The second greatest value Parkrose Heights apartment is the 2 Bedroom 1.5 Bath Model at Michael Manor Apartments starting at $1,495 with a $1.69 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Parkrose Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Imperial House2BR/1.0BA2BR,1BA$1.33
Michael Manor Apartments2 Bedroom 1.5 Bath2BR,1.5BA$1.69
Hassalo Apartments2BR/1.0BA2BR,1BA$1.71
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Rochelle Apartments1 Bedroom, 1 Bath1BR,1BA$1.62
Ventura Park Plaza Apartments1BD, 1BTH1BR,1BA$1.59
Gateway ParkOne Bedroom1BR,1BA$1.64
Vine Maple1BR 1Bath1BR,1BA$1.60
Melissa Anne1x11BR,1BA$1.46
SAGEWOOD ESTATES1 Bed 1 Bath B1BR,1BA$1.65

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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!

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Parkrose Heights, Portland, OR

Ranked #56

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Parkrose Heights, Portland, OR

School data provided by Great Schools

Frequently Asked Questions about Cheap Parkrose Heights Apartments

What is a cheap apartment in Parkrose Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkrose Heights is under $1,050.

What is the price of a cheap apartment in Parkrose Heights?

The cheapest apartment in Parkrose Heights is SM Multnomah Manor which is listed at $822, while the average apartment in Parkrose Heights costs $3,000.

What types of apartments are the cheapest in Parkrose Heights?

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 109 regular apartments in Parkrose Heights 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 Parkrose Heights?

Cheap apartments in Parkrose Heights have an average cost of $352 which is $2,648 cheaper than the average rent for all rentals in Parkrose Heights.

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

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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 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.

decorative image for From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.