
Cheap Apartments for Rent in the Multnomah Neighborhood of Portland, OR from $1,000 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Multnomah area of Portland.


8417 SW 24th Ave

8417 SW 24th Ave

Total Monthly Price
Multnomah Station

MADISON
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.

8417 SW 24th Ave

8417 SW 24th Ave

Westbrook Village

Capitol Hill Apartments

Ivy Tree
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.

2222 Apartments

1 Bedroom in Multnomah Village

Churchill Gardens Apartments

Crestwood Terrace Apartments

Barbur Heights Apartments
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.

The Woods

Lancaster Apartments
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 | $1,519 | $1,323 | $1,778 |
| Multnomah 1 Bedroom Apartments | $1,695 | $1,295 | $2,115 |
| Multnomah 2 Bedroom Apartments | $1,865 | $1,250 | $2,945 |
| Multnomah 3 Bedroom Apartments | $1,920 | $1,550 | $2,750 |
Browse Apartments in this Neighborhood
There are currently 17 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 2222 Apartments priced from $1,215. Grace Manor Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,250. Here are the most affordable Multnomah apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2222 Apartments | 1BR/1.0BA | 1BR,1BA | $1,215 |
| Grace Manor Apartments | 2bd1bth | 2BR,1BA | $1,250 |
| 1 Bedroom in Multnomah Village | 1 Bedroom in Multnomah Village with 1 free month! | 1BR,1BA | $1,295 |
| 8417 SW 24th Ave | 1BR/1.0BA | 1BR,1BA | $1,295 |
| Multnomah Station | A1 | Studio,1BA | $1,323 |
Best Value Apartments for Rent in Multnomah, OR
As of February 26, 2026 the best value apartment in the Multnomah area is the $2.41 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 $2,650. The second greatest value Multnomah apartment is the 2901 SW Canby Ct Model at 2901 SW Canby Ct starting at $2,795 with a $2.66 price per square foot in the 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. |
|---|---|---|---|
| 3839 SW Marigold St, Unit 3839 SW Marigold st | 3839 SW Marigold St | 2BR,1BA | $2.41 |
| 2901 SW Canby Ct | 2901 SW Canby Ct | 2BR,2BA | $2.66 |
| Spring Terrace Apartments | 2BR 2 Bath | 2BR,2BA | $1.39 |
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| Timber Terrace | 2X1 | 2BR,1BA | $1.93 |
| Shadow Hills | 1 Bed 1 Bath | 1BR,1BA | $1.87 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $2.08 |
| 1 Bedroom in Multnomah Village | 1 Bedroom in Multnomah Village with 1 free month! | 1BR,1BA | $2.05 |
| 2222 Apartments | 1BR/1.0BA | 1BR,1BA | $2.03 |
| 8417 SW 24th Ave | 1BR/1.0BA | 1BR,1BA | $2.49 |
Frequently Asked Questions about Cheap Multnomah Apartments
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 $1,250 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 $1,550.
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

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.

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.

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.

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

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.

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.

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.

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.