
Cheap Homes for Rent in Parkrose Neighborhood of Portland, OR from $1,400 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkrose area of Portland.

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.

4556 NE 98th Ave
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
Parkrose, Portland, OR Local Guide

How much does it cost to rent a home in Parkrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkrose 2 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
Parkrose 3 Bedroom Homes for Rent | $2,795 | $2,795 | $2,795 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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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Best Value Apartments for Rent in Parkrose, OR
As of April 22, 2025 the best value apartment in the Parkrose area is the $1.52 price per square foot 3BR/1.5BA Model at Parkshore in the in the Argay neighborhood starting from $1,800. The second greatest value Parkrose apartment is the 3BR/2.0BA Model at Castlegate Apartments starting at $2,300 with a $1.98 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Parkshore | 3BR/1.5BA | 3BR,1.5BA | $1.52 |
Castlegate Apartments | 3BR/2.0BA | 3BR,2BA | $1.98 |
Plaza de Cedro | 3 bedroom | 3BR,2BA | $1.10 |
Sandy Terrace Apartments | 3BR/1.0BA | 3BR,1BA | $1.91 |
Hidden Oaks Apartments | Clackamas | 1BR,1BA | $1.75 |
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 |
TimberView | Studio | Studio ,1BA | $3.01 |
MILEPOST 5 | SRO | Studio ,0.5BA | $2.48 |
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Frequently Asked Questions about Parkrose
What type of rentals are currently available in Parkrose?
There are currently 53 Apartments for Rent in Parkrose, OR with pricing that ranges from $700 to $2,300. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkrose ranging from $1,495 to $2,795.
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 $1,495 to $2,795 with an average monthly rent of $1,961.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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.

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Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.