Cheap Apartments for Rent in the Multnomah Neighborhood of Portland, OR from $1,100 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Multnomah area of Portland.

MADISON

Grace Manor Apartments
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8332 SW 21st Ave
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Multnomah, Portland, OR Local Guide

How much does it cost to rent an apartment in Multnomah?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Multnomah Studio Apartments | $1,542 | $1,450 | $1,778 |
Multnomah 1 Bedroom Apartments | $1,748 | $1,295 | $2,198 |
Multnomah 2 Bedroom Apartments | $2,022 | $1,325 | $3,346 |
Multnomah 3 Bedroom Apartments | $1,933 | $1,850 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Multnomah Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
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 Barbur Heights Apartments priced from $1,295. 8417 SW 24th Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable Multnomah apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1,295 |
8417 SW 24th Ave | 1BR/1.0BA | 1BR,1BA | $1,295 |
Grace Manor Apartments | 2bd1bth | 2BR,1BA | $1,350 |
Timber Terrace | 2X1 | 2BR,1BA | $1,395 |
Multnomah Station | A1 | Studio,1BA | $1,450 |
Best Value Apartments for Rent in Multnomah, OR
As of August 28, 2025 the best value apartment in the Multnomah area is the $1.83 price per square foot 3BR/2.0BA Model at 2222 Apartments in the in the Far Southwest Portland neighborhood starting from $2,100. The second greatest value Multnomah apartment is the 3839 SW Marigold St Model at 3839 SW Marigold St, Unit 3839 SW Marigold st starting at $2,800 with a $2.55 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2222 Apartments | 3BR/2.0BA | 3BR,2BA | $1.83 |
3839 SW Marigold St, Unit 3839 SW Marigold st | 3839 SW Marigold St | 2BR,1BA | $2.55 |
Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.80 |
Shadow Hills | 2 Bed 2 Bath | 2BR,2BA | $1.63 |
Indian Hills Apartments | 2 Beds 1 Bath | 2BR,1BA | $1.70 |
Timber Terrace | 2X1 | 2BR,1BA | $1.80 |
Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $2.04 |
The Gabe | 1K | 1BR,1BA | $2.64 |
Multnomah Village Apartments | B1.1 | 1BR,1BA | $3.24 |
8417 SW 24th Ave | 1BR/1.0BA | 1BR,1BA | $2.83 |
Getting Around the Multnomah Neighborhood in Portland, OR
Walk Score®
81 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
72 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
39 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Multnomah Station listed at $1,450.
How much is rent for a Cheap One Bedroom Multnomah Apartment?
The lowest price for a Cheap One Bedroom Multnomah Apartment is $1,295 at Barbur Heights 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 $1,350 at Grace Manor Apartments.
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
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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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.