Cheap Homes for Rent in Parkrose Neighborhood of Portland, OR from $1,600 (3 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Parkrose, Portland, OR Local Guide

Best Value Apartments for Rent in Parkrose, OR

As of September 12, 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
Sandy Terrace Apartments1BR/1.0BA1BR,1BA$1.77
107th Apartments2 x 12BR,1BA$2.36

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Frequently Asked Questions about Parkrose

What type of rentals are currently available in Parkrose?

There are currently 44 Apartments for Rent in Parkrose, OR with pricing that ranges from $900 to $1,895. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkrose ranging from $1,600 to $2,695.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkrose ranges from $1,600 to $2,695 with an average monthly rent of $2,290.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.