Cheap Apartments for Rent in the Parkrose Neighborhood of Portland, OR from $600 (14 Rentals)

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

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4936 NE 105th Ave
1 Bedroom Apartments

4936 NE 105th Ave

4936 NE 105th AvePortland, OR 97220
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Knight's Castle
2 to 3 Bedroom Apartments

Knight's Castle

11036 NE Wygant StPortland, OR 97220
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Parkrose Terrace
Studio to 1 Bedroom Apartments

Parkrose Terrace

10235 NE Prescott StPortland, OR 97220
  • Utilities Included
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Parkshore
2 to 3 Bedroom Apartments

Parkshore

10329-10339 NE Prescott StPortland, OR 97220
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Maywood Court Apartments
1 to 2 Bedroom Apartments

Maywood Court Apartments

9345-9391 NE Prescott StPortland, OR 97220
  • Utilities Included

Parkrose, Portland, OR Local Guide

Cheapest Available Parkrose Apartments for Rent

 

The cheapest available apartment rental in the Parkrose area of Portland, OR is a 3 Beds unit found at Plaza de Cedro priced from $1,267. Sandy Terrace Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,395. Here are the most affordable Parkrose apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Plaza de Cedro3 bedroom3BR,2BA$1,267
Sandy Terrace Apartments2BR/1.0BA2BR,1BA$1,395
Pine Grove2 Bed 1 Bath FL - 2A2BR,1BA$1,695

Best Value Apartments for Rent in Parkrose, OR

As of November 10, 2025 the best value apartment in the Parkrose area is the $1.10 price per square foot 3 bedroom Model at Plaza de Cedro in the in the East Portland neighborhood starting from $1,267. The second greatest value Parkrose apartment is the 2BR/1.0BA Model at Sandy Terrace Apartments starting at $1,395 with a $1.61 price per square foot in the Argay neighborhood. Here is today’s list of the best values for Parkrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Plaza de Cedro3 bedroom3BR,2BA$1.10
Sandy Terrace Apartments2BR/1.0BA2BR,1BA$1.61
Pine Grove2 Bed 1 Bath FL - 3A2BR,1BA$2.12

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Parkrose, Portland, OR

Ranked #141

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Parkrose Neighborhood in Portland, OR

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

71 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Parkrose Apartments

What is the lowest price for a Cheap Two Bedroom Parkrose Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Parkrose is starting from $1,395 at Sandy Terrace Apartments.

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.

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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.