Cheap Apartments for Rent in the Multnomah Village Neighborhood of Portland, OR from $1,000 (40 Rentals)

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

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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Multnomah Station
$1,474 - $2,945
Total Monthly Price

Total Monthly Price

Base Rent
$1,474 - $2,945
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
Affordability
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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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Tree Hill Commons
1 to 2 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

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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Vista Manor
1 to 2 Bedroom Apartments

Vista Manor

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

Lancaster Apartments

6630-6640 SW Capitol HwyPortland, OR 97219

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.

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Village 35
Studio to 2 Bedroom Apartments

Village 35

7938 SW 35th AvePortland, OR 97219
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Sharrita Villa
1 to 2 Bedroom Apartments

Sharrita Villa

2202-2450 SW Bertha BlvdPortland, OR 97239
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The Woods
1 to 2 Bedroom Apartments

The Woods

2720 2722 Spring Garden SPortland, OR 97219
  • Utilities Included
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2222 Apartments
Studio to 3 Bedroom Apartments

2222 Apartments

2222 SW Spring Garden StPortland, OR 97219
Corporate Housing

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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Showing Results 1-40, 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 Vista Manor priced from $1,230. Terwilliger Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,249. Here are the most affordable Multnomah Village apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Vista Manor1BR/1.0BA1BR,1BA$1,230
Terwilliger Terrace1 x 1 F1BR,1BA$1,249
Spring Terrace2x12BR,1BA$1,285
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$1,295
Pickett Park2x12BR,1BA$1,300
2121 Multnomah2x1R2BR,1BA$1,400
Timber Terrace2X12BR,1BA$1,450
Multnomah StationA1Studio,1BA$1,474
Barbur Heights Apartments2 Bedroom / 2.0 Bath2BR,2BA$1,525
Grace Manor Apartments3bd1bth3BR,1BA$1,550

Best Value Apartments for Rent in Multnomah Village, OR

As of April 29, 2026 the best value apartment in the Multnomah Village area is the $1.50 price per square foot 2733x1 Model at Churchill Gardens Apartments in the in the Far Southwest Portland neighborhood starting from $1,650. The second greatest value Multnomah Village apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,550 with a $1.51 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.
Churchill Gardens Apartments2733x13BR,1BA$1.50
Grace Manor Apartments3bd1bth3BR,1BA$1.51
Shadow Hills2 Bed 2 Bath2BR,2BA$1.69
2222 Apartments2BR/2.0BA2BR,2BA$1.64
Barbur Place BP-6752x12BR,1BA$1.99
2121 Multnomah2x1R2BR,1BA$1.77
Timber Terrace2X12BR,1BA$1.87
Terwilliger Terrace1 x 1 F1BR,1BA$1.67
Spring Terrace2x12BR,1BA$1.76
Vista Manor1BR/1.0BA1BR,1BA$1.89

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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!

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Don'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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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A 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

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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.

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Pet Friendly Lifestyle
Multnomah Village, Portland, OR

Ranked #113

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 $1,474.

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

The lowest price for a Cheap One Bedroom Multnomah Village Apartment is $1,230 at Vista Manor.

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 $1,285 at Spring Terrace.

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 $1,550.

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

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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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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

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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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.