Cheap Apartments for Rent in Multnomah County, OR from $500 (1,155 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 1 Bed unit found at Dekum Court in the Northeast Portland neighborhood priced from $506. 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
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$506
Las AdelitasStudio - 30% AMIStudio,1BA$619
MILEPOST 5SROStudio,$620
Alder 9Studio 30%Studio,1BA$626
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room w/Bath1BR,1BA$700
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Fountain Place ApartmentsStudio - 60%Studio,1BA$737
Gretchen KafouryGretchen Kafoury Commons—Your ideal oasis in th...Studio,1BA$757
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757

Best Value Apartments for Rent in Multnomah County, OR

As of July 16, 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
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$0.65
Plaza de Cedro3 bedroom3BR,2BA$1.10
Fern Grove3BR 1Bath3BR,1BA$1.39
Los Jardines de la Paz3 Bedroom 1 Bath3BR,1BA$1.19
East Park Place Apartments2 Bedroom, 2 Bath2BR,2BA$1.38
Shalamar Apartments3 Beds, 1 Baths3BR,1BA$1.38
Midtown East0x1 100Studio ,1BA$1.33
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 $757.

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

The cheapest apartment in Multnomah County is Dekum Court which is listed at $506, while the average apartment in Multnomah County costs $4,497.

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 442 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 $294 which is $4,203 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.