Cheap Apartments for Rent in the Multnomah Village Neighborhood of Portland, OR from $1,100 (32 Rentals)

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

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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
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Vista Manor
1 to 2 Bedroom Apartments

Vista Manor

1430 SW Moss StPortland, OR 97219
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Timberlee Apartments
1 to 3 Bedroom Apartments

Timberlee Apartments

5131 SW 38th PlPortland, OR 97221
  • Utilities Included

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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Shadow Hills
1 to 3 Bedroom Apartments

Shadow Hills

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

Village 35

7938 SW 35th AvePortland, OR 97219

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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.

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 Cascade Vista priced from $1,225. 1 Bedroom in Multnomah Village 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
Cascade VistaOne Bedroom A1BR,1BA$1,225
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$1,295
Fulton Park ApartmentsFulton 1 Bedroom Downstairs1BR,1BA$1,299
Multnomah StationA1Studio,1BA$1,299
8417 SW 24th Ave1BR/1.0BA1BR,1BA$1,325
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,325
Shadow Hills1 Bed 1 Bath1BR,1BA$1,335
Grace Manor Apartments2bd1bth2BR,1BA$1,350
Multnomah Village ApartmentsA1.3Studio,1BA$1,375
Timber Terrace2X12BR,1BA$1,395

Best Value Apartments for Rent in Multnomah Village, OR

As of November 01, 2025 the best value apartment in the Multnomah Village area is the $1.66 price per square foot 7910 SW Capitol Hill Rd Model at 7910 SW Capitol Hill Rd, Unit 12 in the in the Far Southwest Portland neighborhood starting from $2,495. The second greatest value Multnomah Village apartment is the 2BR 2 Bath Model at Spring Terrace Apartments starting at $1,450 with a $1.39 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.
7910 SW Capitol Hill Rd, Unit 127910 SW Capitol Hill Rd3BR,2BA$1.66
Spring Terrace Apartments2BR 2 Bath2BR,2BA$1.39
Grace Manor Apartments3bd1bth3BR,1BA$1.80
7825 SW 35th Ave, Unit 7825 SW 35th7825 SW 35th Ave3BR,1BA$1.91
2222 Apartments2BR/2.0BA2BR,2BA$1.75
Shadow Hills2 Bed 2 Bath A2BR,2BA$1.93
1610 SW Freeman St, Unit Apt B1610 SW Freeman St1BR,1BA$2.00
The Woods2 bedroom flats - rt bldg2BR,1BA$2.01
Timber Terrace2X12BR,1BA$1.80
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$2.05

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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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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 #118

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $1,299.

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

The lowest price for a Cheap One Bedroom Multnomah Village Apartment is $1,225 at Cascade Vista.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.