Cheap Homes for Rent in Multnomah County, OR from $655 (100 Rentals)

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

property at 4056 N Juneau St
$630 - $655
1 Bedroom Rentals
Available Now
Furnished

4056 N Juneau St

PortlandOR97203
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 20 NW 16th Ave
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
Studio, 1 Bath Condo for Rent
Available Oct 1
Affordability

20 NW 16th Ave, Unit #306

20 NW 16th Ave
PortlandOR97209
property at 1765 NE Holman St
$1,250

Total Monthly Price

Base Rent$1,250
Total Monthly Price$1,250
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

1765 NE Holman St, Unit B

1765 NE Holman St
PortlandOR97211
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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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property at 16049 SE Caruthers St
$1,300 - $1,500

Total Monthly Price

Base Rent$1,300 - $1,500
Total Monthly Price$1,300 - $1,500
1 To 2 Bedroom Townhomes for Rent
Available Now
Affordability

16049 SE Caruthers St

PortlandOR97233
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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 255 SW Harrison St
$1,350 - $2,600
1 To 2 Bedroom Rentals
Available Now
Affordability

255 SW Harrison St

PortlandOR97201

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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Showing Results 1-50, Page 1 of 2

Best Value Homes for Rent in Multnomah County, OR

As of September 24, 2026 the best value rental home in the Multnomah County area is the $1.02 price per square foot 8145 SW 57th Ave Model at 8145 SW 57th Ave in the Far Southwest Portland neighborhood starting from $6,300. The second greatest value Multnomah County rental home is the 3014 NW Chapin Dr Model at 3014 NW Chapin Dr in the Northwest Portland neighborhood starting at $5,495 with a $1.06 price per square foot. Here is today’s list of the best values for Multnomah County homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
8145 SW 57th Ave8145 SW 57th Ave5BR, 4.5BA$1.02
3014 NW Chapin Dr3014 NW Chapin Dr5BR, 3.5BA$1.06
UnitUnit3BR, 3.5BA$1.06
5820 SW Nevada Ct5820 SW Nevada Ct3BR, 2BA$1.14
3920 SW Wilbard St3920 SW Wilbard St3BR, 2BA$1.14
8617 SW 49th Ave8617 SW 49th Ave3BR, 2.5BA$1.34
UnitUnit4BR, 1BA$1.11
3801 NE 82nd Ave3801 NE 82nd Ave3BR, 1BA$1.37
4626 NE 96th Ave4626 NE 96th Ave2BR, 1BA$1.30
4534 NE 82nd Ave4534 NE 82nd Ave3BR, 1.5BA$1.42

Frequently Asked Questions about Multnomah County

What type of rentals are currently available in Multnomah County?

There are currently 4833 Apartments for Rent in Multnomah County, OR with pricing that ranges from $470 to $16,705. There are also 439 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah County ranging from $655 to $11,500.

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 $655 to $11,500 with an average monthly rent of $2,774.

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 $671 to $7,773, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $11,500. Four Bedroom Single-Family rentals are also available starting from $2,000 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.