Cheap Homes for Rent in Multnomah County, OR from $800 (85 Rentals)

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

property at 5130 N Yale St

5130 N Yale St

PortlandOR97203
property at 1829 NW LOVEJOY

1829 NW LOVEJOY

PortlandOR97209
property at 301 NE Morris St

301 NE Morris St

PortlandOR97212
Showing Results 1-50, Page 1 of 2

Cheapest Available Multnomah County Apartments for Rent

 

The cheapest available apartment rental in Multnomah County, OR is a Studio unit found at Dekum Court in the Northeast Portland neighborhood priced from $502. 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
Dekum CourtStudioStudio,1BA$502
MILEPOST 5SROStudio,$620
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
5418 NE 25th Ave5418 NE 25th Ave1BR,1BA$650
4811 SE Haig St4811 SE Haig St1BR,1BA$650
2371 SW Montgomery Dr2371 SW Montgomery Dr1BR,1BA$725
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Ascend Apartments: New Micro Studios and LoftsStudio 1Studio,1BA$799

Best Value Apartments for Rent in Multnomah County, OR

As of April 03, 2025 the best value apartment in the Multnomah County area is the $1.04 price per square foot 4 Bedroom 2 Baths Model at Los Jardines de la Paz in the in the Cully neighborhood starting from $1,413. The second greatest value Multnomah County apartment is the 4 Bedroom 2 Baths PBV unit at 30% AMI Model at Villa de Suenos starting at $848 with a $0.65 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.
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
Clara Vista Townhomes3 Bed 1.5 Bath PBV Home Low Rent Limit3BR,1.5BA$1.07
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.08
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.38
East Park Place Apartments2 Bedroom, 2 Bath2BR,2BA$1.38
Park Place3 Bed 2 Bath Standard3BR,2BA$1.38
Shalamar Apartments3 Beds, 1 Baths3BR,1BA$1.38
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

Frequently Asked Questions about Multnomah County

What type of rentals are currently available in Multnomah County?

There are currently 4688 Apartments for Rent in Multnomah County, OR with pricing that ranges from $500 to $26,948. There are also 337 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah County ranging from $800 to $15,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Multnomah County ranges from $800 to $15,000 with an average monthly rent of $3,082.

How much are larger Three and Four Bedroom Rentals in Multnomah County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Multnomah County range from $1,245 to $26,948, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,250. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $1,813.

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.

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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.