Cheap Homes for Rent in Multnomah County, OR from $900 (163 Rentals)

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

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property at 5130 N Yale St

5130 N Yale St

PortlandOR97203
property at 20 NW 16th Ave

20 NW 16th Ave

PortlandOR97209
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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 Multnomah County

What type of rentals are currently available in Multnomah County?

There are currently 4698 Apartments for Rent in Multnomah County, OR with pricing that ranges from $451 to $26,948. There are also 409 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah County ranging from $925 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 $925 to $15,000 with an average monthly rent of $3,193.

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 $1,800 to $5,250. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $1,889.

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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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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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.

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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.