Best Affordable Neighborhoods in Gresham, OR
Some of the cheapest neighborhoods in Gresham are Holly Brook, Gresham-North Central, and Gresham-Northwest. These neighborhoods offer some of the lowest rent prices in Gresham, making them ideal for renters on a budget. As of May 1, 2026, the average rent in Gresham is $1,360, which is 1.2% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Holly Brook
Average Rent
$1,444/Month
Year-Over-Year Rent Change
1.3%
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Gresham, Holly Brook might be the perfect place! It has an average rent price of $1,444, while the city’s average stands at $1,360. In the last year, prices have increased by 1.3%. Holly Brook is near Portland Community College, Gresham Station Shopping Center, and Civic Drive Max Station.
Gresham-North Central
Average Rent
$1,475/Month
Year-Over-Year Rent Change
1.3%
Units Available
112 Rentals
Gresham-North Central is a top choice for budget-conscious renters for a variety of reasons. The average rent in Gresham-North Central is $1,475 while the city average is $1,360. This is a -1.3% difference from last year. Residents enjoy convenient access to Lewis and Clark State Recreation Site, Burnside Crossing, and Gresham Central Transit Center.
Gresham-Northwest
Average Rent
$1,494/Month
Year-Over-Year Rent Change
1.4%
Units Available
58 Rentals
When you’re looking for a great Gresham neighborhood on a budget, check out Gresham-Northwest. The average rent is $1,494, compared to the city average of $1,360. Rent prices have decreased by 1.4%. Gresham-Northwest is convenient to Rockwood/E 188Th Transit Center, Kmart Gresham on Burnside, and Blue Lake Regional Park.
Gresham-Northeast
Average Rent
$1,497/Month
Year-Over-Year Rent Change
3.1%
Units Available
59 Rentals
Gresham-Northeast is an affordable neighborhood in Gresham with an average rent price of $1,497. Compare this to the city average of $1,360. In the past year, rent prices have increased by 3.1%. Gresham-Northeast provides easy access to Gresham Central Transit Center, Portland Community College, and Blue Lake Regional Park.
Gresham Butte
Average Rent
$1,508/Month
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Gresham, Gresham Butte might be the perfect place! It has an average rent price of $1,508, while the city’s average stands at $1,360. Gresham Butte is near Portland International, Gresham Central Transit Center, and Springwater Corridor.
Kelly Creek
Average Rent
$1,518/Month
Year-Over-Year Rent Change
1.3%
Units Available
32 Rentals
Kelly Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kelly Creek is $1,518 while the city average is $1,360. This is a -1.3% difference from last year. Residents enjoy convenient access to Planetarium Sky Theater, Gresham City Hall, and Ruby Junction/E 197Th.
Downtown Gresham
Average Rent
$1,542/Month
Year-Over-Year Rent Change
1.6%
Units Available
94 Rentals
When you’re looking for a great Gresham neighborhood on a budget, check out Downtown Gresham. The average rent is $1,542, compared to the city average of $1,360. Rent prices have decreased by 1.6%. Downtown Gresham is convenient to Mount Hood C.C., Bruning Ctr., Cleveland Avenue, and Gresham City Hall.
Powell Valley
Average Rent
$1,587/Month
Year-Over-Year Rent Change
0.8%
Units Available
31 Rentals
Powell Valley is an affordable neighborhood in Gresham with an average rent price of $1,587. Compare this to the city average of $1,360. In the past year, rent prices have increased by 0.8%. Powell Valley provides easy access to Oregon Trail Center, Lewis and Clark State Recreation Site, and Portland International.
Mt Hood
Average Rent
$1,606/Month
Year-Over-Year Rent Change
6%
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Gresham, Mt Hood might be the perfect place! It has an average rent price of $1,606, while the city’s average stands at $1,360. In the last year, prices have decreased by 6%. Mt Hood is near Mount Hood C.C., Gresham, Powell Valley Junction, and Springwater Corridor.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.