Cheap Apartments for Rent in Multnomah County, OR from $500 (1,256 Rentals)

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

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Mississippi Court
$901 - $1,279
Total Monthly Price

Total Monthly Price

Base Rent
$656 - $1,034
Required Monthly Fees
$245
Total Monthly Price
$901 - $1,279
Studio Apartments Available Now

Mississippi Court

2631 N Mississippi AvePortland, OR 97227
Affordability
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Park Plaza
$970 - $2,372
Total Monthly Price

Total Monthly Price

Base Rent
$966 - $2,368
Required Monthly Fees
$4
Total Monthly Price
$970 - $2,372
Studio to 2 Bedroom Apartments Available Now

Park Plaza

1969 SW Park AvePortland, OR 97201
Corporate Housing
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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 Helen Swindells Apartments in the Pearl District neighborhood priced from $500. Las Adelitas in the Cully neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $619. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Apartments0x1Studio,1BA$500
Las AdelitasStudio - 30% AMIStudio,1BA$619
MILEPOST 5Studio Just SinkStudio,$630
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
York TerraceStudioStudio,1BA$651
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Hamilton WestEff StudioStudio,1BA$757
Pearl CourtStudio - DStudio,1BA$789
Zeal LoftsStudio 1Studio,1BA$795
Society 62Private Room w/Bath1BR,1BA$795

Best Value Apartments for Rent in Multnomah County, OR

As of March 05, 2026 the best value apartment in the Multnomah County area is the $1.11 price per square foot 3x2.5 Model at The Willows in the in the East Portland neighborhood starting from $2,395. The second greatest value Multnomah County apartment is the 3BD/2.5BTH Model at Cedar Tree starting at $1,999 with a $1.02 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$1.11
Cedar Tree3BD/2.5BTH3BR,2.5BA$1.02
Plaza de Cedro3 bedroom3BR,2BA$1.10
Melrose Court ApartmentsTwo Bedroom2BR,1BA$1.18
Terracina VistaThree Bedroom3BR,2BA$1.29
Villa de Clara Vista3 Bedroom 1 Bath PBV 50% AMI3BR,1BA$1.28
seaside011BR/1.0BA1BR,1BA$1.15
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Crofton Apartments2BD/1BTH2BR,1BA$1.29
York TerraceStudioStudio ,1BA$1.12

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 $795.

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

The cheapest apartment in Multnomah County is York Terrace which is listed at $698, while the average apartment in Multnomah County costs $8,011.

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 519 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 $238 which is $7,773 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.

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