Cheap Apartments for Rent in Multnomah County, OR from $470 (1,330 Rentals)

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

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920 NW naito pkwy #j20
$150 - $2,250

Total Monthly Price

Base Rent$150 - $2,250
Total Monthly Price$150 - $2,250
1 to 2 Bedroom Apartment Available Now

920 NW naito pkwy #j20

920 NW naito pkwy #j20Portland, OR 97209
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Koz on 4th
Rent Specials
$899 - $1,325

Total Monthly Price

Base Rent$899 - $1,325
Total Monthly Price$899 - $1,325
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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The Addy
Rent Specials
$970 - $2,507

Total Monthly Price

Base Rent$970 - $2,507
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

The Addy

1222 NW 18th AvePortland, OR 97209
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Koz on 13th
Rent Specials
$975 - $1,329

Total Monthly Price

Base Rent$975 - $1,329
Total Monthly Price$975 - $1,329
Studio to 1 Bedroom Apartments Available Oct 1

Koz on 13th

123 SE 13th AvePortland, OR 97214
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The Fredrick
$995 - $1,515

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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Cheapest Available Multnomah County Apartments for Rent

 

The cheapest available apartment rental in Multnomah County, OR is a Studio unit found at Wy'East Plaza in the East Portland neighborhood priced from $572. Waterleaf in the Southwest Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $572. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wy'East PlazaStudioStudio, 1BA$572
WaterleafStudioStudio, 1BA$572
Modern Rich Apartments0BR/1.0BAStudio, 1BA$649
Center Villageb2.12BR, 1BA$650
Las Adelitas1 Bedroom 1 Bath - 30% AMI1BR, 1BA$698
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR, 1BA$729
Ainsworth St - Rooms for Rent1BR/1.0BA1BR, 1BA$750
Rockwood Landing2X1- 40% LIHTC2BR, 1BA$785
Gretchen Kafoury CommonsStudio 40%Studio, 1BA$791

Best Value Apartments for Rent in Multnomah County, OR

As of September 29, 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 East Portland neighborhood starting from $2,395. The second greatest value Multnomah County apartment is the Studio Model at Z_Caritas Sacred Heart Villa in the Southeast Portland neighborhood starting at $1,438 with a $0.96 price per square foot. 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
Z_Caritas Sacred Heart VillaStudioStudio, 1BA$0.96
Clara Vista Townhomes4 Bed 2 Bath PBV 40% MTSP Rent Limit4BR, 2BA$0.80
Miraflores3 bed 1 bath 50% HOME Low3BR, 1BA$0.70
Los Jardines de la Paz3 Bedroom 1 Bath3BR, 1BA$1.19
eastburn2BR/1.0BA2BR, 1BA$1.22
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

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 $791.

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

The cheapest apartment in Multnomah County is Las Adelitas which is listed at $698, while the average apartment in Multnomah County costs $1,622.

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 438 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 $261 which is $1,361 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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