Cheap Apartments for Rent in Multnomah County, OR from $400 (1,034 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Multnomah County.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
property at 2427 NE 9th Ave

2427 NE 9th Ave

PortlandOR97212
Showing Results 1-50, Page 1 of 21

Cheapest Available Multnomah County Apartments for Rent

 

The cheapest available apartment rental in Multnomah County, OR is a 1 Bed unit found at Las Adelitas in the Cully neighborhood priced from $451. MILEPOST 5 in the Southeast Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here is today’s list of the most affordable Multnomah County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Las Adelitas1 Bedroom 1 Bath - 30% AMI PSH1BR,1BA$451
MILEPOST 5SROStudio,$620
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room1BR,$700
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Zeal LoftsS - Standard 1Studio,1BA$820
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$848
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848

Best Value Apartments for Rent in Multnomah County, OR

As of April 29, 2025 the best value apartment in the Multnomah County area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Multnomah County apartment is the 4 Bed 2 Bath PBV 60% MTSP Rent Limit Model at Clara Vista Townhomes starting at $1,696 with a $1.20 price per square foot in the Cully neighborhood. Here is today’s list of the best values for Multnomah County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
Clara Vista Townhomes4 Bed 2 Bath PBV 60% MTSP Rent Limit4BR,2BA$1.20
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$0.65
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.31
7431 N Washburne Ave, Unit 7431 N Washurne Basement7431 N Washburne Ave2BR,1BA$1.36
Beverly Gardens Apartments2 Bed 1 Bath2BR,1BA$1.38
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35

Frequently Asked Questions about Cheap Multnomah County Apartments

What is a cheap apartment in Multnomah County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Multnomah County is under $848.

What is the price of a cheap apartment in Multnomah County?

The cheapest apartment in Multnomah County is Las Adelitas which is listed at $451, while the average apartment in Multnomah County costs $5,500.

What types of apartments are the cheapest in Multnomah County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 374 regular apartments in Multnomah County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Multnomah County?

Cheap apartments in Multnomah County have an average cost of $293 which is $5,207 cheaper than the average rent for all rentals in Multnomah County.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.