Cheap Homes for Rent in Parkrose Heights Neighborhood of Portland, OR from $1,100 (16 Rentals)

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Search the lowest-cost Homes 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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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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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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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
Traditions at HazelwoodB1S2BR,1BA$995
seaside021BR/1.0BA1BR,1BA$995

Best Value Apartments for Rent in Parkrose Heights, OR

As of July 15, 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 3 Bedroom, 2 Bath Model at Terrace At Columbia Knoll Apartments starting at $1,720 with a $1.50 price per square foot in the Cully 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
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$1.52
Fern Grove3BR 1Bath3BR,1BA$1.39
Gateway Plaza Apartments2BD, 1BTH B2BR,1BA$1.53
Castillian Townhomes2X1.52BR,1.5BA$1.49
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
SAGEWOOD ESTATES2 Bed 1 Bath A2BR,1BA$1.50

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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Frequently Asked Questions about Parkrose Heights

What type of rentals are currently available in Parkrose Heights?

There are currently 376 Apartments for Rent in Parkrose Heights, OR with pricing that ranges from $700 to $2,340. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkrose Heights ranging from $1,195 to $4,000.

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 $1,195 to $4,000 with an average monthly rent of $2,488.

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.