
Cheap Apartments for Rent in the Multnomah Village Neighborhood of Portland, OR from $1,000 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Multnomah Village area of Portland.


Spring Terrace

Cascade Vista

Terwilliger Terrace

Timber Terrace

Lancaster Apartments

Total Monthly Price
Multnomah Station

Total Monthly Price
2121 Multnomah

Total Monthly Price
Multnomah Village Apartments
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.

Pickett Park

8020 SW 19th Ave

1942-1944-1944 SW Nebraska St

Shadow Hills

1507-1507 SW Evans St

Barbur Place BP-675

Custer Apartments

1508 SW Dewitt St

Hilldale Garden Apartments
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.

Vista Manor Apartments

Tree Hill Commons

Ivy Tree

Capitol Hill Apartments

Churchill Gardens Apartments

Second Wind Apartments

Fulton Park Apartments

Crestwood Terrace Apartments

2222 Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Barbur Heights Apartments

Madison Apartments

The Woods

8332 SW 21st Ave

8417

Troy Street Condominiums

7938 SW 35th Ave

2626 SW Beaverton Hillsdale Hwy

Hillsdale Heights Apartments
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.

Sharrita Villa

West Hills Terrace Apartments

Dolph Court Apartments DC345-PM
Multnomah Village, Portland, OR Local Guide

How much does it cost to rent an apartment in Multnomah Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Multnomah Village Studio Apartments | $1,497 | $1,359 | $1,778 |
| Multnomah Village 1 Bedroom Apartments | $1,662 | $1,315 | $3,158 |
| Multnomah Village 2 Bedroom Apartments | $1,926 | $1,285 | $3,394 |
| Multnomah Village 3 Bedroom Apartments | $1,881 | $1,650 | $2,145 |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 1 mile radius of the Multnomah Village Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Multnomah Village, Portland, OR Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Multnomah Village Apartments for Rent
 The cheapest available apartment rental in the Multnomah Village area of Portland, OR is a 1 Bed unit found at 1508 SW Dewitt St priced from $1,095. Vista Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,120. Here are the most affordable Multnomah Village apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1508 SW Dewitt St | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
| Vista Manor Apartments | 1BR/1.0BA | 1BR,1BA | $1,120 |
| Grace Manor Apartments | 2bd1bth | 2BR,1BA | $1,250 |
| Churchill Gardens Apartments | 2731x1 | 1BR,1BA | $1,250 |
| Cascade Vista | One Bedroom B | 1BR,1BA | $1,315 |
| 2222 Apartments | 1BR/1.0BA | 1BR,1BA | $1,325 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1,325 |
| Lancaster Apartments | Upstairs | 1BR,1BA | $1,350 |
| Timber Terrace | 2X1 | 2BR,1BA | $1,350 |
| Multnomah Station | A1 | Studio,1BA | $1,359 |
Best Value Apartments for Rent in Multnomah Village, OR
As of June 15, 2026 the best value apartment in the Multnomah Village area is the $1.51 price per square foot 3bd1bth Model at Grace Manor Apartments in the in the Far Southwest Portland neighborhood starting from $1,550. The second greatest value Multnomah Village apartment is the 1 Bed 1 Bath Model at Shadow Hills starting at $1,530 with a $1.70 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for Multnomah Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| Shadow Hills | 1 Bed 1 Bath | 1BR,1BA | $1.70 |
| Barbur Place BP-675 | 2x1 | 2BR,1BA | $1.99 |
| 2121 Multnomah | 2x1R | 2BR,1BA | $1.77 |
| Timber Terrace | 2X1 | 2BR,1BA | $1.74 |
| Lancaster Apartments | Downstairs | 1BR,1BA | $1.79 |
| Terwilliger Terrace | 1 x 1 F | 1BR,1BA | $1.87 |
| Vista Manor Apartments | 1BR/1.0BA | 1BR,1BA | $1.72 |
| 1508 SW Dewitt St | 1 Beds, 1 Baths | 1BR,1BA | $1.69 |
| Churchill Gardens Apartments | 2731x1 | 1BR,1BA | $2.08 |
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 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.
Pet Friendly LifestyleMultnomah Village, Portland, OR
Ranked #103
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Multnomah Village, Portland, OR
Ida B. Wells-Barnett High School
School data provided by Great Schools
Frequently Asked Questions about Cheap Multnomah Village Apartments
What is the Cheapest Studio apartment in Multnomah Village?
Currently the most affordable Cheap Studio Apartment in Multnomah Village is at Multnomah Station listed at $1,359.
How much is rent for a Cheap One Bedroom Multnomah Village Apartment?
The lowest price for a Cheap One Bedroom Multnomah Village Apartment is $1,095 at 1508 SW Dewitt St.
What is the lowest price for a Cheap Two Bedroom Multnomah Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Multnomah Village is starting from $1,250 at Grace Manor Apartments.
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

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.

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.

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.

From Arts to Eats: A Local Insiders 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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.