
Cheap Apartments for Rent in the Arnold Creek Neighborhood of Portland, OR from $860 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Arnold Creek area of Portland.


8332 SW 21st Ave

Indian Hills Apartments

Ridgeview Terrace

Grace Manor Apartments

Capitol Park

Spring Terrace

8417 SW 24th Ave, Unit 209

Total Monthly Price
2121 Multnomah

Total Monthly Price
Multnomah Station
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

Holm at Sellwood

LuDon Luradel

Total Monthly Price
Multnomah Village Apartments

1404 SW Dickinson Ln

10608 SW 49th Ave, Unit 08

9938 SW Terwilliger Blvd

Total Monthly Price
8815 SW Terwilliger Blvd, Unit 8815

Capitol Gardens

Quail Ridge Apartments

The Village at Multnomah
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.

Custer Apartments

Westbrook Village

Ivy Tree

Capitol Hill Apartments

Multnomah Woods

Wheelhouse Lofts 2

Timber Terrace

Vista Manor

fivec01

Wheel House Lofts
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

Carleton Terrace Apartments

1 Bedroom in Multnomah Village

Plum Street Apartments

Barbur Heights Apartments

Churchill Gardens Apartments

Piccolo Collina Apartments

Crestwood Terrace Apartments

Madison Apartments

The Woods

GPM588 - Vanguard Apartments (T1)
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.

Sellwood

#299 JANEWOOD WEST

6009 SW Taylors Ferry Rd

Troy Street Condominiums

2222 Apartments

2024-2817MF

1408 SW Custer Dr

Dolph Court Apartments DC345-PM

Baird street Apartments

Village 35
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.
Arnold Creek, Portland, OR Local Guide

How much does it cost to rent an apartment in Arnold Creek?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Arnold Creek Studio Apartments | $1,587 | $1,395 | $2,230 |
| Arnold Creek 1 Bedroom Apartments | $1,970 | $1,160 | $3,377 |
| Arnold Creek 2 Bedroom Apartments | $2,443 | $1,285 | $5,200 |
| Arnold Creek 3 Bedroom Apartments | $3,400 | $1,650 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 74 rentals with your search options within a 2 mile radius of the Arnold Creek Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Arnold Creek, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Arnold Creek Apartments for Rent
 The cheapest available apartment rental in the Arnold Creek area of Portland, OR is a Studio unit found at The Village at Multnomah priced from $1,090. Indian Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Arnold Creek apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Village at Multnomah | 0BR/1.0BA | Studio,1BA | $1,090 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1,200 |
| Ridgeview Terrace | 1x1 | 1BR,1BA | $1,200 |
| Grace Manor Apartments | 2bd1bth | 2BR,1BA | $1,250 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1,250 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1,295 |
| Plum Street Apartments | 1BR/1.0BA | 1BR,1BA | $1,295 |
| 1 Bedroom in Multnomah Village | 1 Bedroom in Multnomah Village with 1 free month! | 1BR,1BA | $1,295 |
| Carleton Terrace Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,325 |
| GPM588 - Vanguard Apartments (T1) | 0BR/1.0BA | Studio,1BA | $1,395 |
Best Value Apartments for Rent in Arnold Creek, OR
As of September 14, 2026 the best value apartment in the Arnold Creek area is the $1.62 price per square foot 3 Bed Townhome Model at Capitol Gardens in the in the Far Southwest Portland neighborhood starting from $1,950. The second greatest value Arnold Creek apartment is the 2733x1 Model at Churchill Gardens Apartments starting at $1,650 with a $1.50 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Arnold Creek apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Capitol Gardens | 3 Bed Townhome | 3BR,1.5BA | $1.62 |
| Churchill Gardens Apartments | 2733x1 | 3BR,1BA | $1.50 |
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| 4445-4483 SW Garden Home Rd | 3BR/1.5BA | 3BR,1.5BA | $1.90 |
| LuDon Luradel | Spacious 2-Bedroom at Luradel | ONE MONTH FREE!... | 2BR,1BA | $1.67 |
| Quail Ridge Apartments | 2 Bedroom, 1 Bath Large | 2BR,1BA | $1.79 |
| Carleton Terrace Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.74 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1.79 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1.74 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $2.04 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
Read ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Arnold Creek, Portland, OR
Lake Oswego Senior High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Arnold Creek, Portland, and the greater Portland area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, transit availability, pet-friendly communities, apartment communities for the kids, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Arnold Creek Apartments
What is the Cheapest Studio apartment in Arnold Creek?
Currently the most affordable Cheap Studio Apartment in Arnold Creek is at The Village at Multnomah listed at $1,090.
How much is rent for a Cheap One Bedroom Arnold Creek Apartment?
The lowest price for a Cheap One Bedroom Arnold Creek Apartment is $1,200 at Ridgeview Terrace.
What is the lowest price for a Cheap Two Bedroom Arnold Creek Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Arnold Creek is starting from $1,250 at Grace Manor Apartments.
What is the most affordable Arnold Creek Three Bedroom Apartment?
The best deal on a cheap Arnold Creek Three Bedroom Apartment rental is at Grace Manor Apartments and starts from $1,550.
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.
Helpful Local Expert Guides

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.
Articles, How-To's, and Tips

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.

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.