Cheap Apartments for Rent in Multnomah County, OR from $300 (1,080 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Waterleaf in the Southwest Portland neighborhood priced from $480. Helen Swindells Apartments in the Pearl District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
Helen Swindells Apartments0x1Studio,1BA$500
Las AdelitasStudio - 30% AMI PSHStudio,1BA$619
MILEPOST 5Studio Just SinkStudio,$630
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Hayu TilixamOne Bedroom1BR,1BA$650
Gretchen Kafoury CommonsSecond Month FREE — Studio Available Now!Studio,1BA$702
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Margaret Carter PlazaStudio HUD UnitStudio,1BA$763
Hamilton WestEff StudioStudio,1BA$789

Best Value Apartments for Rent in Multnomah County, OR

As of April 20, 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/3BTH Model at Cedar Tree starting at $1,950 with a $1.18 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/3BTH3BR,3BA$1.18
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Firwood Station2 Bed 1 Bath2BR,1BA$1.21
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
The Fordham Apartments1x11BR,1BA$1.36
Lents 20002x12BR,1BA$1.37
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Crofton Apartments2BD/1BTH2BR,1BA$1.29
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35

Frequently Asked Questions about Cheap Multnomah County Apartments

What is the Cheapest Studio apartment in Multnomah County?

Currently the most affordable Cheap Studio Apartment in Multnomah County is at Waterleaf listed at $480.

How much is rent for a Cheap One Bedroom Multnomah County Apartment?

The lowest price for a Cheap One Bedroom Multnomah County Apartment is $650 at Hayu Tilixam.

What is the lowest price for a Cheap Two Bedroom Multnomah County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Multnomah County is starting from $1,000 at Crofton Apartments.

What is the most affordable Multnomah County Three Bedroom Apartment?

The best deal on a cheap Multnomah County Three Bedroom Apartment rental is at Villa de Clara Vista and starts from $1,267.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.