
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.


Grace Manor Apartments

Spring Terrace

Timber Terrace

Lancaster Apartments

Total Monthly Price
2121 Multnomah

Total Monthly Price
Multnomah Station
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

8020 SW 19th Ave

Total Monthly Price
Multnomah Village Apartments

Shadow Hills

Total Monthly Price
The Gabe

Barbur Place BP-675

3850-3850 SW Marigold St

Custer Street 1x1 unit! Cozy and Quiet neighbor
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.

Westbrook Village

2222 Apartments

Capitol Hill Apartments

Ivy Tree

Churchill Gardens Apartments

1 Bedroom in Multnomah Village

Crestwood Terrace Apartments
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Madison Apartments

Barbur Heights Apartments

The Woods

8332 SW 21st Ave

Village 35

Park Village Apartment Homes

Dolph Court Apartments DC345-PM
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Vermont Street Apartments

2937 SW Miles St
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 | $1,563 | $1,445 | $1,778 |
| Multnomah 1 Bedroom Apartments | $1,736 | $1,125 | $3,158 |
| Multnomah 2 Bedroom Apartments | $1,994 | $1,285 | $3,394 |
| Multnomah 3 Bedroom Apartments | $1,750 | $1,650 | $1,850 |
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 Studio unit found at 2222 Apartments priced from $1,125. Indian Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable Multnomah apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2222 Apartments | 0BR/1.0BA | Studio,1BA | $1,125 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1,125 |
| Grace Manor Apartments | 2bd1bth | 2BR,1BA | $1,250 |
| Churchill Gardens Apartments | 2731x1 | 1BR,1BA | $1,250 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1,325 |
| Lancaster Apartments | Upstairs | 1BR,1BA | $1,350 |
| Timber Terrace | 2X1 | 2BR,1BA | $1,350 |
| 2121 Multnomah | 2x1R | 2BR,1BA | $1,400 |
| Multnomah Station | A1 | Studio,1BA | $1,445 |
| Multnomah Village Apartments | A1.2 | Studio,1BA | $1,499 |
Best Value Apartments for Rent in Multnomah, OR
As of June 07, 2026 the best value apartment in the Multnomah area is the $1.51 price per square foot 3bd1bth Model at Grace Manor Apartments in the in the Far Southwest Portland neighborhood starting from $1,550. The second greatest value Multnomah apartment is the 2x1 Model at Barbur Place BP-675 starting at $1,795 with a $1.99 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. |
|---|---|---|---|
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| Barbur Place BP-675 | 2x1 | 2BR,1BA | $1.99 |
| 2121 Multnomah | 2x1R | 2BR,1BA | $1.77 |
| Timber Terrace | 2X1 | 2BR,1BA | $1.74 |
| Lancaster Apartments | Downstairs | 1BR,1BA | $1.79 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1.67 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $2.08 |
| Churchill Gardens Apartments | 2731x1 | 1BR,1BA | $2.08 |
| The Gabe | 1K | 1BR,1BA | $2.89 |
| Multnomah Station | A1 | Studio ,1BA | $3.28 |
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 2222 Apartments listed at $1,125.
How much is rent for a Cheap One Bedroom Multnomah Apartment?
The lowest price for a Cheap One Bedroom Multnomah Apartment is $1,125 at Indian Hills 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.
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
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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
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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
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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

Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.