
Cheap Homes for Rent in Multnomah Neighborhood of Portland, OR from $1,400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Multnomah area of Portland.


8417 SW 24th Ave

8417 SW 24th Ave

8417 SW 24th Ave
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.

8332 SW 21st Ave

3007 SW Multnomah Blvd

3200-3236 SW Marigold St

3200-3236 SW Marigold St
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.
Multnomah, Portland, OR Local Guide

How much does it cost to rent a home in Multnomah?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Multnomah 2 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
| Multnomah 4 Bedroom Homes for Rent | $5,790 | $5,790 | $5,790 |
| Multnomah 5 Bedroom Homes for Rent | $3,395 | $3,395 | $3,395 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Multnomah Neighborhood of Portland, OR.
Explore 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 Custer Apartments priced from $1,195. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Custer Apartments | 1BR/1.0BA | 1BR,1BA | $1,195 |
| 2222 Apartments | 1BR/1.0BA | 1BR,1BA | $1,215 |
| 8417 | 1BR/1.0BA | 1BR,1BA | $1,220 |
Best Value Apartments for Rent in Multnomah, OR
As of March 23, 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 | $2.02 |
| Timber Terrace Apartments | 2X1 | 2BR,1BA | $1.93 |
| Shadow Hills | 1 Bed 1 Bath | 1BR,1BA | $1.89 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1.85 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $2.08 |
| Second Wind Apartments | 1 Bedroom in Multnomah Village with 1 free month! | 1BR,1BA | $2.05 |
| 2222 Apartments | 1BR/1.0BA | 1BR,1BA | $2.03 |
| #323 SPRING TERRACE | 1 Bedroom | 1BR,1BA | $2.16 |
Frequently Asked Questions about Multnomah
What type of rentals are currently available in Multnomah?
There are currently 86 Apartments for Rent in Multnomah, OR with pricing that ranges from $1,220 to $2,945. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah ranging from $1,495 to $5,790.
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 $1,495 to $5,790 with an average monthly rent of $3,152.
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.