Cheap Apartments for Rent in the Parkrose Heights Neighborhood of Portland, OR from $600 (54 Rentals)

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

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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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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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Parkrose Terrace
Studio to 1 Bedroom 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 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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Stark Street Crossing
Studio to 2 Bedroom Apartments

Stark Street Crossing

14112-14134 SE Stark StPortland, OR 97233
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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
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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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Jackson Court
1 to 3 Bedroom Apartments

Jackson Court

1313 NE 131st PlPortland, OR 97230
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Greenview Village
1 to 2 Bedroom Apartments

Greenview Village

14998 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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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 5SROStudio,$630
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Parkview ApartmentsStudioStudio,1BA$900
Traditions at HazelwoodA11BR,1BA$995
Melissa Anne1x11BR,1BA$1,025
Huckleberry ApartmentsStudioStudio,1BA$1,050
335 SE 80th Ave0 Beds, 1 BathsStudio,1BA$1,050
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1,075
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$1,076

Best Value Apartments for Rent in Parkrose Heights, OR

As of November 10, 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 starting at $1,850 with a $1.54 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 to3BR/2.0BA3BR,2BA$1.54
Plaza de Cedro3 bedroom3BR,2BA$1.10
Melrose Court ApartmentsTownhome2BR,1.5BA$1.42
Glenfair Park Apartments2BR/1.5BA2BR,1.5BA$1.50
Weidler Plaza2x12BR,1BA$1.37
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.33
Rochelle Apartments2 Bedroom, 1 Bath2BR,1BA$1.51
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

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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Pet Friendly Lifestyle
Parkrose Heights, Portland, OR

Ranked #66

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,076.

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 $1,671.

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 93 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 $620 which is $1,051 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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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! 

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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.