Cheap Apartments for Rent in the Multnomah Neighborhood of Portland, OR from $1,000 (23 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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Westbrook Village
Studio to 3 Bedroom Apartments

Westbrook Village

9863 SW 35th DrPortland, OR 97219
  • Utilities Included

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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

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 2121 Multnomah priced from $1,199. 2222 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Multnomah apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
2121 Multnomah1x1R1BR,1BA$1,199
2222 Apartments1BR/1.0BA1BR,1BA$1,250
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,275
Multnomah StationA1Studio,1BA$1,275
8417 SW 24th Ave1BR/1.0BA1BR,1BA$1,295

Best Value Apartments for Rent in Multnomah, OR

As of November 28, 2025 the best value apartment in the Multnomah area is the $1.39 price per square foot 2BR 2 Bath Model at Spring Terrace Apartments in the in the Far Southwest Portland neighborhood starting from $1,450. The second greatest value Multnomah apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,850 with a $1.80 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.
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
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1.64
The Woods2 bedroom flats - rt bldg2BR,1BA$2.01
Timber Terrace2X12BR,1BA$1.71
Lancaster ApartmentsDownstairs1BR,1BA$1.79
2222 Apartments1BR/1.0BA1BR,1BA$1.77
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$2.00
2121 Multnomah1x1R1BR,1BA$2.03

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

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 $1,275.

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

The lowest price for a Cheap One Bedroom Multnomah Apartment is $1,199 at 2121 Multnomah.

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

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.