Cheap Apartments for Rent in the Parkrose Heights Neighborhood of Portland, OR from $600 (50 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
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.

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.

close
View Me
The Alicia Apartments
Studio to 2 Bedroom Apartments

The Alicia Apartments

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

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.

close
View Me
Melissa Anne
1 to 2 Bedroom Apartments

Melissa Anne

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

The Squire

10315-10339 NE Fremont StPortland, OR 97220
close
View Me
seaside02
1 to 2 Bedroom Apartments

seaside02

131-149 SE 151st AvePortland, OR 97233
close
View Me
335 SE 80th Ave
Studio Apartments

335 SE 80th Ave

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

The Nick Fish

10550 NE Halsey StPortland, OR 97220
close
View Me
Weidler Plaza
1 to 2 Bedroom Apartments

Weidler Plaza

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

Edgemont Apartments

11181-11211 NE Weidler StPortland, OR 97220

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.

close
View Me
Jackson Court
1 to 3 Bedroom Apartments

Jackson Court

1313 NE 131st PlPortland, OR 97230
close
View Me
Emerald Park Apartments
1 to 3 Bedroom Apartments

Emerald Park Apartments

646-664 SE 148th AvePortland, OR 97233
  • Utilities Included
close
View Me
Castillian Townhomes
1 to 2 Bedroom Apartments

Castillian Townhomes

13625 SE Stark StPortland, OR 97233
  • Utilities Included
close
View Me
Cherry Blossom Estates
1 to 3 Bedroom Apartments

Cherry Blossom Estates

10570 SE Cherry Blossom DrPortland, OR 97216
  • Utilities Included
close
View Me
Fairway Apartments
1 to 3 Bedroom Apartments

Fairway Apartments

12430-12454 NE Glisan StPortland, OR 97230
close
View Me
Greenview Village
1 to 2 Bedroom Apartments

Greenview Village

14998 SE Stark StPortland, OR 97233
  • 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.

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 $620. 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 5SROStudio,$620
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Traditions at HazelwoodS1Studio,1BA$965
Melissa Anne1x11BR,1BA$1,025
Parkview ApartmentsStudioStudio,1BA$1,050
Huckleberry ApartmentsStudioStudio,1BA$1,050
seaside021BR/1.0BA1BR,1BA$1,050
Halsey Street Arms Apartments1BR 1 Bath1BR,1BA$1,100
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$1,112

Best Value Apartments for Rent in Parkrose Heights, OR

As of September 18, 2025 the best value apartment in the Parkrose Heights area is the $1.47 price per square foot 3BR/1.5BA Model at Parkshore in the in the Argay neighborhood starting from $1,750. The second greatest value Parkrose Heights apartment is the 3BR/2.0BA Model at Shannon starting at $1,750 with a $1.51 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.
Parkshore3BR/1.5BA3BR,1.5BA$1.47
Shannon3BR/2.0BA3BR,2BA$1.51
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.52
Fern Grove3BR 1Bath3BR,1BA$1.39
Melrose Court ApartmentsTownhome2BR,1.5BA$1.29
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.33
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
seaside021BR/1.0BA1BR,1BA$1.40

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 #75

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

Getting Around the Parkrose Heights Neighborhood in Portland, OR

Walk Score®

78 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

90 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

53 / 100

Good Transit

Many nearby public transportation options

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 $1,112.

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 $1,947.

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 118 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 $566 which is $1,381 cheaper than the average rent for all rentals in Parkrose Heights.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.