Cheap Homes for Rent in Multnomah County, OR from $500 (129 Rentals)

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

property at 6906 N Vancouver Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

6906 N Vancouver Ave

PortlandOR97217

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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 Building in the Pearl District neighborhood priced from $500. Waterleaf in the Southwest Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $536. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Building0x1Studio,1BA$500
WaterleafStudioStudio,1BA$536
Las AdelitasStudio - 30% AMI PSHStudio,1BA$619
MILEPOST 5Studio Just SinkStudio,$630
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Hayu TilixamOne Bedroom1BR,1BA$650
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Pearl CourtStudio - DStudio,1BA$789
Hamilton WestEff StudioStudio,1BA$789
Zeal LoftsStudio 1Studio,1BA$795

Best Value Apartments for Rent in Multnomah County, OR

As of March 25, 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
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Villas de Mariposas4 Bedrooms 2 Baths4BR,2BA$1.25
Plaza de Cedro3 bedroom3BR,2BA$1.10
Terracina VistaThree Bedroom3BR,2BA$1.29
Springcreek Trail ApartmentsDuplex2BR,1.5BA$1.23
Firwood Station2 Bed 1 Bath2BR,1BA$1.21
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Crofton Apartments2BD/1BTH2BR,1BA$1.29

Frequently Asked Questions about Multnomah County

What type of rentals are currently available in Multnomah County?

There are currently 4783 Apartments for Rent in Multnomah County, OR with pricing that ranges from $500 to $14,478. There are also 613 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah County ranging from $545 to $15,500.

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 $545 to $15,500 with an average monthly rent of $3,128.

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 $968 to $11,814, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $6,995. Four Bedroom Single-Family rentals are also available starting from $2,249 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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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.

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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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.