Cheap Homes for Rent in Multnomah Neighborhood of Portland, OR from $800 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Multnomah area of Portland.

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.

Read Article

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.

Read Article
Showing Results 1-8, Page 1 of 1

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 $1,149. 2222 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,215. Here are the most affordable Multnomah apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
2121 Multnomah1x1R1BR,1BA$1,149
2222 Apartments1BR/1.0BA1BR,1BA$1,215
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,275

Best Value Apartments for Rent in Multnomah, OR

As of January 29, 2026 the best value apartment in the Multnomah area is the $2.45 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 $2,700. The second greatest value Multnomah apartment is the 2BR 2 Bath Model at Spring Terrace Apartments starting at $1,450 with a $1.39 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.
3839 SW Marigold St, Unit 3839 SW Marigold st3839 SW Marigold St2BR,1BA$2.45
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
Shadow Hills2 Bed 2 Bath2BR,2BA$1.64
Timber Terrace2X12BR,1BA$1.71
Barbur Heights Apartments2 Bedroom / 2.0 Bath2BR,2BA$2.03
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$2.05
2222 Apartments1BR/1.0BA1BR,1BA$2.03
2121 Multnomah1x1R1BR,1BA$1.95

Frequently Asked Questions about Multnomah

What type of rentals are currently available in Multnomah?

There are currently 90 Apartments for Rent in Multnomah, OR with pricing that ranges from $1,149 to $2,995. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah ranging from $800 to $3,595.

What is the current price range for Rental Homes in Multnomah?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Multnomah ranges from $800 to $3,595 with an average monthly rent of $2,322.

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

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

Articles, How-To's, and Tips

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.