Cheap Homes for Rent in Parkrose Heights Neighborhood of Portland, OR from $1,000 (9 Rentals)

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

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

Best Value Apartments for Rent in Parkrose Heights, OR

As of September 12, 2025 the best value apartment in the Parkrose Heights area is the $1.54 price per square foot 3BR/2.0BA Model at 120 SE 143rd Portland, LLC 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 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.
120 SE 143rd Portland, LLC3BR/2.0BA3BR,2BA$1.54
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
SAGEWOOD ESTATES2 Bed 2 Bath2BR,2BA$1.48
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.33
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

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Pet Friendly Lifestyle
Parkrose Heights, Portland, OR

Ranked #68

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 Parkrose Heights

What type of rentals are currently available in Parkrose Heights?

There are currently 378 Apartments for Rent in Parkrose Heights, OR with pricing that ranges from $700 to $2,650. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkrose Heights ranging from $1,095 to $3,500.

What is the current price range for Rental Homes in Parkrose Heights?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkrose Heights ranges from $1,095 to $3,500 with an average monthly rent of $1,936.

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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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.