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Cheap Apartments for Rent in the Parkrose Neighborhood of Portland, OR from $600 (5 Rentals)
Cheap Apartments in the Parkrose area of Portland.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
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Parkrose, Portland, OR Local Guide
How much does it cost to rent an apartment in Parkrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkrose Studio Apartments | $780 | $700 | $1,173 |
| Parkrose 1 Bedroom Apartments | $1,323 | $1,075 | $1,525 |
| Parkrose 2 Bedroom Apartments | $1,485 | $1,195 | $1,850 |
| Parkrose 3 Bedroom Apartments | $1,625 | $1,625 | $1,625 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Parkrose Neighborhood of Portland, OR.
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Parkrose, Portland, OR Local Guide
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Cheapest Available Parkrose Apartments for Rent
The cheapest available apartment rental in the Parkrose area of Portland, OR is a Studio unit found at MILEPOST 5 priced from $620. TimberView has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Parkrose apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MILEPOST 5 | SRO | Studio, | $620 |
| TimberView | Studio | Studio,1BA | $999 |
| Traditions at Hazelwood a 55+ Community | One Bedroom One Bath (A1) | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Parkrose, OR
As of May 05, 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 Yamhill Model at Hidden Oaks Apartments starting at $1,656 with a $1.85 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Plaza de Cedro | 3 bedroom | 3BR,2BA | $1.10 |
| Hidden Oaks Apartments | Yamhill | 2BR,1BA | $1.85 |
| Sandy Terrace Apartments | 3BR/1.0BA | 3BR,1BA | $1.88 |
| Gateway Terrace | 1-Bedroom | 1BR,1BA | $2.13 |
| Melrose Court Apartments | One Bedroom | 1BR,1BA | $1.65 |
| Traditions at Hazelwood a 55+ Community | Studio (S2) | Studio ,1BA | $2.50 |
| Parkview Apartments - 55+ | Studio | Studio ,1BA | $3.14 |
| TimberView | Studio | Studio ,1BA | $3.01 |
| MILEPOST 5 | SRO | Studio ,0.5BA | $2.48 |
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Pet Friendly LifestyleParkrose, Portland, OR
Ranked #135
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Parkrose, Portland, OR
School data provided by Great Schools
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
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 Parkrose Apartments
What is a cheap apartment in Parkrose?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkrose is under $1,450.
What is the price of a cheap apartment in Parkrose?
The cheapest apartment in Parkrose is Traditions at Hazelwood a 55+ Community which is listed at $1,075, while the average apartment in Parkrose costs $1,625.
What types of apartments are the cheapest in Parkrose?
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 62 regular apartments in Parkrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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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Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.