Cheap Homes for Rent in Multnomah County, OR from $500 (81 Rentals)

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

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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. St. Francis Park in the Southeast 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
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$506
St. Francis ParkStudioStudio,1BA$536
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
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757

Best Value Apartments for Rent in Multnomah County, OR

As of July 24, 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 Studio Model at Z_Caritas Sacred Heart Villa starting at $1,438 with a $0.96 price per square foot in the Southeast 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
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
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
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
St. Francis ParkStudioStudio ,1BA$1.34

Frequently Asked Questions about Multnomah County

What type of rentals are currently available in Multnomah County?

There are currently 4756 Apartments for Rent in Multnomah County, OR with pricing that ranges from $506 to $14,301. There are also 445 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah County ranging from $580 to $8,750.

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 $580 to $8,750 with an average monthly rent of $3,230.

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 $507 to $11,587, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $8,750. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,447.

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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