Cheap Apartments for Rent in the Parkrose Neighborhood of Portland, OR from $600 (31 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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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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4936 NE 105th Ave
1 Bedroom Apartments

4936 NE 105th Ave

4936 NE 105th AvePortland, OR 97220

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Maywood Court Apartments
1 to 2 Bedroom Apartments

Maywood Court Apartments

9345-9391 NE Prescott StPortland, OR 97220
  • Utilities Included
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Knight's Castle
2 to 3 Bedroom Apartments

Knight's Castle

11036 NE Wygant StPortland, OR 97220

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 Alicia Apartments
Studio to 2 Bedroom Apartments

The Alicia Apartments

10304-10308 NE Wygant StPortland, OR 97220
  • Utilities Included
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Park Rose Village
2 Bedroom Apartments

Park Rose Village

9935 NE Prescott StPortland, OR 97220
  • Utilities Included

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Berna Court
2 Bedroom Apartments

Berna Court

10746 NE Wygant StPortland, OR 97220
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The Squire
1 to 2 Bedroom Apartments

The Squire

10315-10339 NE Fremont StPortland, OR 97220
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Sumner Estates
Studio Apartments

Sumner Estates

5200 NE 92nd AvePortland, OR 97220
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4751 NE 99th Ave
Studio Apartments

4751 NE 99th Ave

4751 NE 99th AvePortland, OR 97220

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Celilo Court
2 to 3 Bedroom Apartments

Celilo Court

4605-4667 NE 95th AvePortland, OR 97220
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Plaza de Cedro
3 to 4 Bedroom Apartments

Plaza de Cedro

10801-10805 NE Fremont StPortland, OR 97220
  • Utilities Included
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Kamani Apartments
Studio to 2 Bedroom Apartments

Kamani Apartments

10525-10537 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 1 Bed unit found at Sandy Terrace Apartments priced from $1,195. Plaza de Cedro has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,267. Here are the most affordable Parkrose apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Sandy Terrace Apartments1BR/1.0BA1BR,1BA$1,195
Plaza de Cedro3 bedroom3BR,2BA$1,267
Hidden Oaks ApartmentsMultnomah1BR,1BA$1,331
107th Apartments2 x 12BR,1BA$1,595

Best Value Apartments for Rent in Parkrose, OR

As of September 11, 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 Columbia Model at Hidden Oaks Apartments starting at $1,603 with a $1.78 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
Hidden Oaks ApartmentsColumbia2BR,1BA$1.78
107th Apartments2 x 12BR,1BA$2.36
Sandy Terrace Apartments1BR/1.0BA1BR,1BA$1.77

Quick Rent Budget Calculator

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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, 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 $1,349 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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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.