Cheap Homes for Rent in Multnomah County, OR from $500 (102 Rentals)

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

property at 9330 N Charleston Ave

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

9330 N Charleston Ave, Unit Attic Room

9330 N Charleston Ave
PortlandOR97203

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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property at 532 NE Sumner St

$995 - $1,850

1 To 2 Bedroom Rentals

Available Jul 16

532 NE Sumner St

PortlandOR97211
property at 9120 N Tioga Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 2 Bath Home for Rent

Available Jul 1

9120 N Tioga Ave

PortlandOR97203

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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property at 17139 SE Salmon St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

Studio, 1.5 Bath Home for Rent

Available Now

17139 SE Salmon St

PortlandOR97233

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 17139 SE Salmon St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

Studio, 1 Bath Home for Rent

Available Jul 1

17139 SE Salmon St

PortlandOR97233

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 3

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 Building 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 Building0x1Studio,1BA$500
Center Villageb2.12BR,1BA$621
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
East Stark ApartmentsStudioStudio,1BA$700
Rockwood Landing2X1- 40% LIHTC2BR,1BA$785
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$789
Society 62Private Room w/Bath1BR,1BA$795
Buri BuildingStudio SIMStudio,1BA$799
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800

Best Value Apartments for Rent in Multnomah County, OR

As of June 24, 2026 the best value apartment in the Multnomah County area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Multnomah County apartment is the 4 Bed 2 Bath PBV 60% MTSP Rent Limit Model at Clara Vista Townhomes starting at $1,696 with a $1.20 price per square foot in the Cully 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.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Clara Vista Townhomes4 Bed 2 Bath PBV 60% MTSP Rent Limit4BR,2BA$1.20
Madera Court Apartments3x23BR,2BA$1.28
Crown Point Apartments2 Beds, 1 Baths2BR,1BA$1.27
Firwood Station2 Bed 1 Bath2BR,1BA$1.21
View North Apartments2 Beds, 1 Baths2BR,1BA$1.26
Townhouse VillaTownhouse2BR,1BA$1.25
Rockwood Landing2X1- 40% LIHTC2BR,1BA$0.86
seaside011BR/1.0BA1BR,1BA$1.29
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

Frequently Asked Questions about Multnomah County

What type of rentals are currently available in Multnomah County?

There are currently 4805 Apartments for Rent in Multnomah County, OR with pricing that ranges from $320 to $9,349. There are also 473 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah County ranging from $510 to $6,500.

What is the current price range for Rental Homes in Multnomah County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Multnomah County ranges from $510 to $6,500 with an average monthly rent of $2,980.

How much are larger Three and Four Bedroom Rentals in Multnomah County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Multnomah County range from $1,395 to $8,521, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,995.

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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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.