Cheap Apartments for Rent in Multnomah County, OR from $500 (1,150 Rentals)

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Search the lowest-cost Apartments available for rent right now in Multnomah County.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cheapest Available Multnomah County Apartments for Rent

 

The cheapest available apartment rental in Multnomah County, OR is a Studio unit found at Las Adelitas in the Cully neighborhood priced from $619. MILEPOST 5 in the Southeast Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Las AdelitasStudio - 30% AMIStudio,1BA$619
MILEPOST 5SROStudio,$620
NAYA Generations1 Bedroom1BR,1BA$644
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room w/Bath1BR,1BA$700
Zeal LoftsStudio 2Studio,1BA$795
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Katherine Apartments0BR/1.0BAStudio,1BA$850

Best Value Apartments for Rent in Multnomah County, OR

As of June 14, 2025 the best value apartment in the Multnomah County area is the $1.06 price per square foot 3x2.5 Model at The Willows in the in the East Portland neighborhood starting from $2,295. The second greatest value Multnomah County apartment is the 2BR/1.0BA Model at The Sandpiper starting at $1,495 with a $0.83 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Multnomah County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Willows3x2.53BR,2.5BA$1.06
The Sandpiper2BR/1.0BA2BR,1BA$0.83
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
2344 SE Ankeny St, Unit 2344B2344 SE Ankeny St1BR,1BA$0.57
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.31
East Park Place Apartments2 Bedroom, 2 Bath2BR,2BA$1.38
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
NAYA Generations1 Bedroom1BR,1BA$1.02

Frequently Asked Questions about Cheap Multnomah County Apartments

What is a cheap apartment in Multnomah County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Multnomah County is under $850.

What is the price of a cheap apartment in Multnomah County?

The cheapest apartment in Multnomah County is NAYA Generations which is listed at $644, while the average apartment in Multnomah County costs $4,572.

What types of apartments are the cheapest in Multnomah County?

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 364 regular apartments in Multnomah County 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 Multnomah County?

Cheap apartments in Multnomah County have an average cost of $215 which is $4,357 cheaper than the average rent for all rentals in Multnomah County.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.