Cheap Apartments for Rent in the Multnomah Neighborhood of Portland, OR from $1,000 (24 Rentals)

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

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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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Westbrook Village
Studio to 3 Bedroom Apartments

Westbrook Village

9863 SW 35th DrPortland, OR 97219
  • Utilities Included

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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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Ivy Tree
1 to 2 Bedroom Apartments

Ivy Tree

2302-2418 SW Dolph CtPortland, 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
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Timber Terrace
1 to 2 Bedroom Apartments

Timber Terrace

8332 SW 21st StPortland, OR 97219
Corporate Housing
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Lancaster Apartments
1 to 2 Bedroom Apartments

Lancaster Apartments

6630-6640 SW Capitol HwyPortland, OR 97219

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Cheapest Available Multnomah Apartments for Rent

 

The cheapest available apartment rental in the Multnomah area of Portland, OR is a 1 Bed unit found at 2222 Apartments priced from $1,215. Barbur Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here are the most affordable Multnomah apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
2222 Apartments1BR/1.0BA1BR,1BA$1,215
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,275
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$1,295
8417 SW 24th Ave1BR/1.0BA1BR,1BA$1,295
Shadow Hills1 Bed 1 Bath1BR,1BA$1,310

Best Value Apartments for Rent in Multnomah, OR

As of January 12, 2026 the best value apartment in the Multnomah area is the $2.45 price per square foot 3839 SW Marigold St Model at 3839 SW Marigold St, Unit 3839 SW Marigold st in the in the Far Southwest Portland neighborhood starting from $2,700. The second greatest value Multnomah 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3839 SW Marigold St, Unit 3839 SW Marigold st3839 SW Marigold St2BR,1BA$2.45
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
Shadow Hills2 Bed 2 Bath2BR,2BA$1.62
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1.64
Timber Terrace2X12BR,1BA$1.71
Barbur Heights Apartments2 Bedroom / 2.0 Bath2BR,2BA$2.03
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$2.05
2222 Apartments1BR/1.0BA1BR,1BA$2.03

Frequently Asked Questions about Cheap Multnomah Apartments

What is the Cheapest Studio apartment in Multnomah?

Currently the most affordable Cheap Studio Apartment in Multnomah is at The Gabe listed at $1,336.

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

The lowest price for a Cheap One Bedroom Multnomah Apartment is $1,215 at 2222 Apartments.

What is the lowest price for a Cheap Two Bedroom Multnomah Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Multnomah is starting from $1,325 at Timber Terrace.

What is the most affordable Multnomah Three Bedroom Apartment?

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

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.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!