Cheap Apartments for Rent in the Parkrose Heights Neighborhood of Portland, OR from $600 (56 Rentals)

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

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.

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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The Alicia Apartments
Studio to 2 Bedroom Apartments

The Alicia Apartments

10304-10308 NE Wygant StPortland, OR 97220
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SM Multnomah Manor
1 to 3 Bedroom Apartments

SM Multnomah Manor

9110 NE Hassalo StPortland, OR 97220
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Eastgate Apartments
Studio to 2 Bedroom Apartments

Eastgate Apartments

123-229 SE 97th AvePortland, OR 97216
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Parkway Garden Apartments
Studio to 3 Bedroom Apartments

Parkway Garden Apartments

14024-14124 NE Sandy BlvdPortland, OR 97230
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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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seaside02
1 to 2 Bedroom Apartments

seaside02

131-149 SE 151st AvePortland, OR 97233
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The Bria Apartments
1 to 2 Bedroom Apartments

The Bria Apartments

30 NE 146th AvePortland, OR 97230
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Melissa Anne
1 to 2 Bedroom Apartments

Melissa Anne

7606-7720 E Burnside StPortland, OR 97215
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The Squire
1 to 2 Bedroom Apartments

The Squire

10315-10339 NE Fremont StPortland, OR 97220
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335 SE 80th Ave
Studio Apartments

335 SE 80th Ave

335 SE 80th AvePortland, OR 97215
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The Nick Fish
Studio to 2 Bedroom Apartments

The Nick Fish

10550 NE Halsey StPortland, OR 97220

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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Jackson Court
1 to 3 Bedroom Apartments

Jackson Court

1313 NE 131st PlPortland, OR 97230
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Weidler Plaza
1 to 2 Bedroom Apartments

Weidler Plaza

10711-10751 NE Weidler StPortland, OR 97220
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Edgemont Apartments
Studio to 2 Bedroom Apartments

Edgemont Apartments

11181-11211 NE Weidler StPortland, OR 97220
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Stark Street Crossing
Studio to 2 Bedroom Apartments

Stark Street Crossing

14112-14134 SE Stark StPortland, OR 97233
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Emerald Park Apartments
1 to 3 Bedroom Apartments

Emerald Park Apartments

646-664 SE 148th AvePortland, OR 97233
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Greenview Village
1 to 2 Bedroom Apartments

Greenview Village

14998 SE Stark StPortland, OR 97233
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Star Krest
1 Bedroom Apartments

Star Krest

303 SE 126th AvePortland, OR 97233

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.

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
Eastgate Apartments0X1Studio,1BA$895
Parkview ApartmentsStudioStudio,1BA$900
Parkrose Terrace0 Beds, 1 BathsStudio,1BA$950
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$979
335 SE 80th Ave0 Beds, 1 BathsStudio,1BA$1,050
Huckleberry ApartmentsStudioStudio,1BA$1,050
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1,075

Best Value Apartments for Rent in Parkrose Heights, OR

As of December 25, 2025 the best value apartment in the Parkrose Heights area is the $1.48 price per square foot 3433 NE Cadet Ave Model at 3433 NE Cadet Ave, Unit Upper in the in the East Portland neighborhood starting from $1,850. The second greatest value Parkrose Heights apartment is the 3BR/2.0BA Model at Stunning 3-bed/2-bath apartments, close to public transit starting at $1,750 with a $1.46 price per square foot in the East 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.
3433 NE Cadet Ave, Unit Upper3433 NE Cadet Ave2BR,1BA$1.48
Stunning 3-bed/2-bath apartments, close to public transit3BR/2.0BA3BR,2BA$1.46
Plaza de Cedro3 bedroom3BR,2BA$1.10
Melrose Court ApartmentsTwo Bedroom2BR,1BA$1.18
Glenfair Park Apartments2BR/1.5BA2BR,1.5BA$1.50
Weidler Plaza2x12BR,1BA$1.37
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.33
Ventura Apartments2-BED2BR,1BA$1.53
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

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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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.

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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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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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Pet Friendly Lifestyle
Parkrose Heights, Portland, OR

Ranked #72

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,075.

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 $1,895.

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 88 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 $545 which is $1,350 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

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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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!