The Manchester United skipper made history for the Three Lions last month when he netted his record-breaking 50th goal for his country.
A second-half penalty in a 2-0 win over Switzerland saw Rooney edge above United legend Sir Bobby Charlton in the pecking order of great English goalscorers, and the achievement prompted a BBC documentary in his honour.
Rooney played alongside Gerrard with England for 11 years, with the former Liverpool captain retiring after the 2014 World Cup having amassed over 100 caps for the Three Lions.
Speaking about his time with England, United captain Rooney revealed his fellow Liverpudlian Gerrard to be the finest midfielder he played with, overlooking the likes of Paul Scholes and Frank Lampard.
Rooney told the BBC: “Who’s the best England player I’ve played with? For me, I’d have to say Stevie.
“For me he’s an incredible player, an incredible leader and he helped me a lot in the early days for England.”
Rooney, who was named United skipper by Louis van Gaal in the summer of 2014, also reserved a mention for David Beckham.
“I also loved playing with David Beckham,” Rooney added. “Playing with him as a striker is great because you know if you make a run, he’ll find you.”
Rooney will lead England next summer in France as Roy Hodgson’s side head to the European Championships, and he currently captains a team that are unbeaten since they crashed out of the World Cup to Uruguay in June 2014.
Hodgson’s men have already qualified for next summer’s tournament, but the Three Lions do have qualification clashes with Estonia and Lithuania to contend with in the coming days.