Cheap Homes for Rent in Multnomah Neighborhood of Portland, OR from $1,200 (4 Rentals)

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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.

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.

Best Value Apartments for Rent in Multnomah, OR

As of September 09, 2025 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 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.
3839 SW Marigold St, Unit 3839 SW Marigold st3839 SW Marigold St2BR,1BA$2.45
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Shadow Hills2 Bed 2 Bath2BR,2BA$1.63
The Woods2 bedroom flats - rt bldg2BR,1BA$2.01
Timber Terrace2X12BR,1BA$1.80
Indian Hills Apartments1 Bed 1 Bath1BR,1BA$1.93
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$2.08
Spring Terrace Apartments1BR 1 Bath1BR,1BA$2.35
The GabeStudioStudio ,1BA$2.89
8417 SW 24th Ave1BR/1.0BA1BR,1BA$3.17

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 $1,195 to $3,339. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah ranging from $1,295 to $3,850.

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 $1,295 to $3,850 with an average monthly rent of $2,721.

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.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.