
Cheap Apartments for Rent in the Multnomah Neighborhood of Portland, OR from $1,000 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Multnomah area of Portland.


Spring Terrace

Total Monthly Price
2121 Multnomah

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Multnomah Station

Lancaster Apartments

Shadow Hills

Total Monthly Price
Multnomah Village 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.

Total Monthly Price
The Gabe

Barbur Place BP-675

3925 SW Multnomah Blvd, Unit 104

3850-3850 SW Marigold St

Custer Apartments

Westbrook Village

Ivy Tree
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Capitol Hill Apartments

Timber Terrace

Indian Hills Apartments

1 Bedroom in Multnomah Village

Churchill Gardens Apartments

Crestwood Terrace Apartments

Barbur Heights Apartments
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

Madison Apartments

8417

The Woods

7938 SW 35th Ave

2222 Apartments

Park Village Apartment Homes

4634 SW Vermont St
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Dolph Court Apartments DC345-PM

Vermont Street 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 | $1,564 | $1,349 | $1,778 |
| Multnomah 1 Bedroom Apartments | $1,795 | $1,299 | $3,155 |
| Multnomah 2 Bedroom Apartments | $2,130 | $1,285 | $3,470 |
| Multnomah 3 Bedroom Apartments | $2,032 | $1,650 | $2,695 |
Browse Apartments in this Neighborhood
There are currently 30 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 2 Beds unit found at Grace Manor Apartments priced from $1,250. 1 Bedroom in Multnomah Village 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 |
|---|---|---|---|
| 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 |
| 2121 Multnomah | 1x1 | 1BR,1BA | $1,299 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1,325 |
| Multnomah Station | A1 | Studio,1BA | $1,349 |
| Lancaster Apartments | Upstairs | 1BR,1BA | $1,350 |
| Churchill Gardens Apartments | 2732x1 | 2BR,1BA | $1,375 |
| Indian Hills Apartments | 2BR/1.0BA | 2BR,1BA | $1,445 |
| Shadow Hills | 1 Bed 1 Bath | 1BR,1BA | $1,495 |
| Multnomah Village Apartments | A1.6 | Studio,1BA | $1,501 |
Best Value Apartments for Rent in Multnomah, OR
As of August 07, 2026 the best value apartment in the Multnomah area is the $1.49 price per square foot 2BR/1.0BA Model at Indian Hills Apartments in the in the Far Southwest Portland neighborhood starting from $1,445. The second greatest value Multnomah apartment is the 2732x1 Model at Churchill Gardens Apartments starting at $1,375 with a $1.53 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. |
|---|---|---|---|
| Indian Hills Apartments | 2BR/1.0BA | 2BR,1BA | $1.49 |
| Churchill Gardens Apartments | 2732x1 | 2BR,1BA | $1.53 |
| Barbur Place BP-675 | 2x1 | 2BR,1BA | $1.99 |
| Grace Manor Apartments | 2bd1bth | 2BR,1BA | $1.39 |
| Shadow Hills | 1 Bed 1 Bath | 1BR,1BA | $1.66 |
| Lancaster Apartments | Downstairs | 1BR,1BA | $1.79 |
| 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 |
| 2121 Multnomah | 1x1 | 1BR,1BA | $2.20 |
| The Gabe | Studio | Studio ,1BA | $2.93 |
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 $1,349.
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 1 Bedroom in Multnomah Village.
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.
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

From Arts to Eats: A Local Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.