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Cheap Apartments for Rent in the Rockwood Neighborhood of Portland, OR from $500 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rockwood area of Portland.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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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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Rockwood, Portland, OR Local Guide
How much does it cost to rent an apartment in Rockwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rockwood Studio Apartments | $1,266 | $995 | $1,450 |
| Rockwood 1 Bedroom Apartments | $1,283 | $995 | $1,740 |
| Rockwood 2 Bedroom Apartments | $1,637 | $1,250 | $2,249 |
| Rockwood 3 Bedroom Apartments | $2,112 | $1,600 | $2,700 |
| Rockwood 4 Bedroom Apartments | $2,447 | $2,447 | $2,447 |
Browse Apartments in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Rockwood Neighborhood of Portland, OR.
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Best Value Apartments for Rent in Rockwood, OR
As of August 02, 2025 the best value apartment in the Rockwood area is the $1.74 price per square foot 4 Bedroom x 2 Bathroom Model at Rockwood Village Apartments in the in the East Portland neighborhood starting from $2,447. The second greatest value Rockwood apartment is the 3X2.5TH Model at Villas at Pine starting at $1,999 with a $1.72 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Rockwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Rockwood Village Apartments | 4 Bedroom x 2 Bathroom | 4BR,2BA | $1.74 |
| Villas at Pine | 3X2.5TH | 3BR,2.5BA | $1.72 |
| East Park Place Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.38 |
| Maple Meadows | 2BR/1.0BA | 2BR,1BA | $1.50 |
| Queens Commons | 2x1 | 2BR,1BA | $1.52 |
| 1855 SE 162nd Ave, Unit 1855 | 1855 SE 162nd Ave | 2BR,1BA | $1.58 |
| Willow Terrace | 2BR/1.0BA | 2BR,1BA | $1.68 |
| Eastwood | 2BR/1.0BA | 2BR,1BA | $1.69 |
| Emerald Grove Apartments | 2x1 | 2BR,1BA | $1.74 |
| Parkside Manor | 1BR/1.0BA | 1BR,1BA | $1.67 |
Getting Around the Rockwood Neighborhood in Portland, OR
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
78 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
59 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Rockwood Apartments
What is a cheap apartment in Rockwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rockwood is under $1,347.
What is the price of a cheap apartment in Rockwood?
The cheapest apartment in Rockwood is Alder Royal Apartments which is listed at $995, while the average apartment in Rockwood costs $2,447.
What types of apartments are the cheapest in Rockwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 19 regular apartments in Rockwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Rockwood?
Cheap apartments in Rockwood have an average cost of $1,281 which is $1,166 cheaper than the average rent for all rentals in Rockwood.
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.
A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
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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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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.
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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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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.