Cheap Apartments for Rent in the Parkrose Heights Neighborhood of Portland, OR from $600 (60 Rentals)

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

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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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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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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The Alicia Apartments
Studio Apartments

The Alicia Apartments

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

SM Multnomah Manor

9110 NE Hassalo StPortland, OR 97220
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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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The Diplomat
1 to 3 Bedroom Apartments

The Diplomat

10934 NE Wygant StPortland, OR 97220
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Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Parkrose Terrace
Studio Apartments

Parkrose Terrace

10235 NE Prescott StPortland, OR 97220
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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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seaside02
1 Bedroom Apartments

seaside02

131-149 SE 151st 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.

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Melissa Anne
1 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 1 Bedroom Apartments

The Nick Fish

10550 NE Halsey StPortland, OR 97220
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Weidler Plaza
1 Bedroom Apartments

Weidler Plaza

10711-10751 NE Weidler StPortland, OR 97220

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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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 $620. SM Multnomah Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $822. Here are the most affordable Parkrose Heights apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Buri BuildingStudio SIMStudio,1BA$934
seaside021BR/1.0BA1BR,1BA$995
The Bria Apartments1 Bedroom1BR,1BA$999
Melissa Anne1x11BR,1BA$1,025
Huckleberry ApartmentsStudioStudio,1BA$1,050
Traditions at HazelwoodA11BR,1BA$1,075
335 SE 80th Ave0 Beds, 1 BathsStudio,1BA$1,075
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1,075

Best Value Apartments for Rent in Parkrose Heights, OR

As of June 29, 2025 the best value apartment in the Parkrose Heights area is the $1.46 price per square foot 3BR/2.0BA Model at 120 SE 143rd Portland, LLC in the in the East Portland neighborhood starting from $1,750. The second greatest value Parkrose Heights apartment is the 3BR/2.0BA Model at Shannon starting at $1,650 with a $1.42 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.
120 SE 143rd Portland, LLC3BR/2.0BA3BR,2BA$1.46
Shannon3BR/2.0BA3BR,2BA$1.42
Terrace At Columbia Knoll Apartments3 Bedroom, 2 Bath3BR,2BA$1.50
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.31
Fern Grove3BR 1Bath3BR,1BA$1.39
Gateway Plaza Apartments2BD, 1BTH A2BR,1BA$1.51
Castillian Townhomes2X1.52BR,1.5BA$1.49
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Parkrose Heights, Portland, OR

Ranked #65

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Parkrose Heights, Portland, OR

School data provided by Great Schools

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,850.

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 130 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 $712 which is $1,138 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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.