Cheap Apartments for Rent in Multnomah County, OR from $300 (1,120 Rentals)

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

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Koz on Killingsworth
Rent Specials
$899 - $1,595
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,595
Total Monthly Price
$899 - $1,595
Studio to 2 Bedroom Apartments Available Now

Koz on Killingsworth

151 N Killingsworth StPortland, OR 97217
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Koz on 4th
Rent Specials
$949 - $1,425
Total Monthly Price

Total Monthly Price

Base Rent
$949 - $1,425
Total Monthly Price
$949 - $1,425
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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The Addy
Rent Specials
$976 - $2,456
Total Monthly Price

Total Monthly Price

Base Rent
$976 - $2,456
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

The Addy

1222 NW 18th AvePortland, OR 97209
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The Fredrick
$995 - $1,515
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,515
Total Monthly Price
$995 - $1,515
Studio to 2 Bedroom Apartments Available Now

The Fredrick

3010-3106 SW 10th AvePortland, OR 97239
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Showing Results 1-50, Page 1 of 23

Cheapest Available Multnomah County Apartments for Rent

 

The cheapest available apartment rental in Multnomah County, OR is a Studio unit found at Helen Swindells Building in the Pearl District neighborhood priced from $500. Pine Point Apartments in the East Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $562. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Building0x1Studio,1BA$500
Pine Point Apartments1x11BR,1BA$562
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Center Villageb2.12BR,1BA$650
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Rockwood Landing2X1- 40% LIHTC2BR,1BA$785
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$789
Buri BuildingStudio SIMStudio,1BA$799
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822

Best Value Apartments for Rent in Multnomah County, OR

As of August 15, 2026 the best value apartment in the Multnomah County area is the $1.06 price per square foot 2169 NW Irving St Model at 2169 NW Irving St, Unit #10 in the in the Northwest Portland neighborhood starting from $2,650. The second greatest value Multnomah County apartment is the Studio Model at Z_Caritas Sacred Heart Villa starting at $1,438 with a $0.96 price per square foot in the Southeast 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.
2169 NW Irving St, Unit #102169 NW Irving St2BR,1BA$1.06
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Crown Point Apartments2 Beds, 1 Baths2BR,1BA$1.27
eastburn2BR/1.0BA2BR,1BA$1.22
L Roy GardensThree Bedroom One Bathroom HUD Unit3BR,1BA$1.25
Townhouse VillaTownhouse2BR,1BA$1.25
Rockwood Landing2X1- 40% LIHTC2BR,1BA$0.86
Center Villageb2.12BR,1BA$0.75
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Pine Point Apartments1x11BR,1BA$0.81

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 $822.

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

The cheapest apartment in Multnomah County is Pine Point Apartments which is listed at $562, while the average apartment in Multnomah County costs $1,650.

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 327 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 $169 which is $1,481 cheaper than the average rent for all rentals in Multnomah County.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.