Cheap Homes for Rent in Multnomah County, OR from $700 (149 Rentals)

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Search the lowest-cost Homes 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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Las Adelitas in the Cully neighborhood priced from $619. MILEPOST 5 in the Southeast Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Las AdelitasStudio - 30% AMIStudio,1BA$619
MILEPOST 5SROStudio,$620
NAYA Generations1 Bedroom1BR,1BA$644
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room w/Bath1BR,1BA$700
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
Zeal LoftsStudio 1Studio,1BA$795
Morrison Park ApartmentsStudio - 50%Studio,1BA$800

Best Value Apartments for Rent in Multnomah County, OR

As of June 20, 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
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.31
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
NAYA Generations1 Bedroom1BR,1BA$1.02

Frequently Asked Questions about Multnomah County

What type of rentals are currently available in Multnomah County?

There are currently 4710 Apartments for Rent in Multnomah County, OR with pricing that ranges from $506 to $26,947. There are also 439 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah County ranging from $750 to $12,500.

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 $750 to $12,500 with an average monthly rent of $2,943.

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 $1,225 to $26,947, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $9,150. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $1,800.

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.

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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.

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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.

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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.