Cheap Apartments for Rent in the Parkrose Neighborhood of Portland, OR from $600 (10 Rentals)

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

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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The Alicia Apartments
Studio Apartments

The Alicia Apartments

10304-10308 NE Wygant StPortland, OR 97220
  • Utilities Included
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The Diplomat
1 to 3 Bedroom Apartments

The Diplomat

10934 NE Wygant StPortland, OR 97220
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Parkrose Terrace
Studio Apartments

Parkrose Terrace

10235 NE Prescott StPortland, OR 97220
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The Squire
1 to 2 Bedroom Apartments

The Squire

10315-10339 NE Fremont StPortland, OR 97220

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.

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 Melrose Court Apartments priced from $1,100. Parkview Apartments - 55+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Parkrose apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Melrose Court ApartmentsOne Bedroom1BR,1BA$1,100
Parkview Apartments - 55+ Senior ApartmentsStudioStudio,1BA$1,100
SAGEWOOD ESTATES2 Bed 1 Bath A2BR,1BA$1,195

Best Value Apartments for Rent in Parkrose, OR

As of May 30, 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 2 bedroom/1 bath Model at Sandstone Manor starting at $1,775 with a $1.93 price per square foot in the East Portland 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
Sandstone Manor2 bedroom/1 bath2BR,1BA$1.93
Hidden Oaks ApartmentsWillamette2BR,1BA$1.82
Sandy Terrace Apartments3BR/1.0BA3BR,1BA$1.88
SAGEWOOD ESTATES2 Bed 1 Bath A2BR,1BA$1.50
Melrose Court ApartmentsOne Bedroom1BR,1BA$1.60
Gateway Terrace1-Bedroom1BR,1BA$2.02
107th Apartments1 x 11BR,1BA$2.74
Parkview Apartments - 55+ Senior ApartmentsStudioStudio ,1BA$3.14

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Parkrose, Portland, OR

Ranked #140

Among neighborhoods in Portland, OR 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 Cheapest Studio apartment in Parkrose?

Currently the most affordable Cheap Studio Apartment in Parkrose is at Parkview Apartments - 55+ Senior Apartments listed at $1,100.

How much is rent for a Cheap One Bedroom Parkrose Apartment?

The lowest price for a Cheap One Bedroom Parkrose Apartment is $1,100 at Melrose Court 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 $1,350 at Melrose Court 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.

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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 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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.