Cheap Homes for Rent in Multnomah Village Neighborhood of Portland, OR from $1,200 (6 Rentals)

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

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 Greenbriar Village priced from $1,203. Vista Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,220. Here are the most affordable Multnomah Village apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Greenbriar VillageSmall One Bed1BR,1BA$1,203
Vista Manor1BR/1.0BA1BR,1BA$1,220
1 Bedroom in Multnomah Village1 Bed / 1 Bath1BR,1BA$1,295

Best Value Apartments for Rent in Multnomah Village, OR

As of September 13, 2025 the best value apartment in the Multnomah Village area is the $1.62 price per square foot 3 Bed 2 Bath Model at Shadow Hills in the in the Southwest Portland neighborhood starting from $1,895. 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.
Shadow Hills3 Bed 2 Bath3BR,2BA$1.62
Spring Terrace Apartments2BR 2 Bath2BR,2BA$1.39
Grace Manor Apartments3bd1bth3BR,1BA$1.80
2222 Apartments2BR/2.0BA2BR,2BA$1.80
The Woods2 bedroom flats - rt bldg2BR,1BA$2.01
Timber Terrace2X12BR,1BA$1.80
Vista Manor1BR/1.0BA1BR,1BA$1.79
Pickett Park2x12BR,1BA$2.45
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$2.04
1 Bedroom in Multnomah Village1 Bed / 1 Bath1BR,1BA$2.05

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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 Multnomah Village

What type of rentals are currently available in Multnomah Village?

There are currently 111 Apartments for Rent in Multnomah Village, OR with pricing that ranges from $1,157 to $3,339. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah Village ranging from $1,295 to $3,975.

What is the current price range for Rental Homes in Multnomah Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Multnomah Village ranges from $1,295 to $3,975 with an average monthly rent of $2,454.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.