Cheap Apartments for Rent in the Multnomah Village Neighborhood of Portland, OR from $1,100 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Multnomah Village area of Portland.

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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Tree Hill Commons
1 Bedroom Apartments

Tree Hill Commons

4004-4050 SW Beaverton Hillsdale HwyPortland, OR 97221
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Ivy Tree
1 to 2 Bedroom Apartments

Ivy Tree

2302-2418 SW Dolph CtPortland, OR 97219
  • Utilities Included
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Vista Manor
1 Bedroom Apartments

Vista Manor

1430 SW Moss StPortland, OR 97219
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Timberlee Apartments
1 to 2 Bedroom Apartments

Timberlee Apartments

5131 SW 38th PlPortland, OR 97221
  • Utilities Included

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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The Woods
1 Bedroom Apartments

The Woods

2720 2722 Spring Garden SPortland, OR 97219
  • Utilities Included

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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Shadow Hills
1 to 3 Bedroom Apartments

Shadow Hills

2040 SW Vermont StPortland, OR 97219
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Village 35
1 Bedroom Apartments

Village 35

7938 SW 35th AvePortland, OR 97219
Showing Results 1-28, Page 1 of 1

Multnomah Village, Portland, OR Local Guide

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 West Hills Terrace Apartments priced from $1,295. Barbur Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable Multnomah Village apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
West Hills Terrace ApartmentsTop Floor 1x11BR,1BA$1,295
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,295
Greenbriar VillageMedium One Bedroom1BR,1BA$1,296
Terwilliger1 x 11BR,1BA$1,300
Spring Terrace Apartments1BR 1 Bath1BR,1BA$1,350
Grace Manor Apartments2bd1bth2BR,1BA$1,350
Timber Terrace Apartments XB-YY212X12BR,1BA$1,395
Multnomah StationA1Studio,1BA$1,450
Shadow Hills1 Bed 1 Bath1BR,1BA$1,470
Multnomah Village ApartmentsA1.6Studio,1BA$1,501

Best Value Apartments for Rent in Multnomah Village, OR

As of July 28, 2025 the best value apartment in the Multnomah Village area is the $1.84 price per square foot 2X2 Model at Sharrita Villa in the in the Southwest Portland neighborhood starting from $1,895. The second greatest value Multnomah Village apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,850 with a $1.80 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Multnomah Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sharrita Villa2X22BR,2BA$1.84
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Greenbriar Village3 Bed 1.5 Bath3BR,1.5BA$2.18
Shadow Hills1 Bed 1 Bath1BR,1BA$1.63
2222 Apartments2BR/2.0BA2BR,2BA$1.96
Timber Terrace Apartments XB-YY212X12BR,1BA$1.80
Terwilliger1 x 11BR,1BA$1.73
West Hills Terrace ApartmentsTop Floor 1x11BR,1BA$1.89
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$2.04
Spring Terrace Apartments1BR 1 Bath1BR,1BA$2.35

Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Multnomah Village, Portland, OR

Ranked #116

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Multnomah Village, Portland, OR

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 $1,450.

How much is rent for a Cheap One Bedroom Multnomah Village Apartment?

The lowest price for a Cheap One Bedroom Multnomah Village Apartment is $1,295 at West Hills Terrace Apartments.

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 $1,350 at Grace Manor Apartments.

What is the most affordable Multnomah Village Three Bedroom Apartment?

The best deal on a cheap Multnomah Village Three Bedroom Apartment rental is at Grace Manor Apartments and starts from $1,850.

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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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.

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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.