Cheap Homes for Rent in Multnomah Neighborhood of Portland, OR from $1,000 (5 Rentals)

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

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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 Indian Hills Apartments priced from $1,100. The Gabe has the second lowest priced unit, which is a Studio apartment currently listed from $1,269. Here are the most affordable Multnomah apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Indian Hills Apartments1 Bed 1 Bath1BR,1BA$1,100
The GabeStudioStudio,1BA$1,269
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$1,295

Best Value Apartments for Rent in Multnomah, OR

As of October 28, 2025 the best value apartment in the Multnomah area is the $1.39 price per square foot 2BR 2 Bath Model at Spring Terrace Apartments in the in the Far Southwest Portland neighborhood starting from $1,450. 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.
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
2222 Apartments2BR/2.0BA2BR,2BA$1.75
Shadow Hills2 Bed 2 Bath A2BR,2BA$1.95
The Woods2 bedroom flats - rt bldg2BR,1BA$2.01
Timber Terrace2X12BR,1BA$1.80
Indian Hills Apartments1 Bed 1 Bath1BR,1BA$1.63
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$2.08
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$2.05

Frequently Asked Questions about Multnomah

What type of rentals are currently available in Multnomah?

There are currently 89 Apartments for Rent in Multnomah, OR with pricing that ranges from $1,100 to $2,945. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah ranging from $1,095 to $3,995.

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 $1,095 to $3,995 with an average monthly rent of $2,563.

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.

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.