Cheap Homes for Rent in Multnomah Village 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 Village area of Portland.

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

Multnomah Village, Portland, OR Local Guide

Best Value Apartments for Rent in Multnomah Village, OR

As of March 28, 2025 the best value apartment in the Multnomah Village area is the $1.80 price per square foot 3bd1bth Model at Grace Manor Apartments in the in the Far Southwest Portland neighborhood starting from $1,850. The second greatest value Multnomah Village apartment is the 6219 SW 21st Ave Model at 6219 SW 21st Ave, Unit B starting at $1,600 with a $1.73 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for Multnomah Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Grace Manor Apartments3bd1bth3BR,1BA$1.80
6219 SW 21st Ave, Unit B6219 SW 21st Ave1BR,1BA$1.73
Hillsdale HeightsTYPE "A"1BR,1BA$1.67
Timber Terrace Apartments XB-YY212X12BR,1BA$1.93
Shadow Hills1 Bed 1 Bath1BR,1BA$1.84
Terwilliger1 x 11BR,1BA$1.73
2222 Apartments2BR/1.5BA2BR,1.5BA$2.05
West Hills Terrace ApartmentsBottom Floor 1x11BR,1BA$1.83
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$2.08
Churchill Gardens Apartments2731x11BR,1BA$2.03

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Frequently Asked Questions about Multnomah Village

What type of rentals are currently available in Multnomah Village?

There are currently 118 Apartments for Rent in Multnomah Village, OR with pricing that ranges from $1,181 to $9,353. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Multnomah Village ranging from $1,275 to $3,095.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Multnomah Village ranges from $1,275 to $3,095 with an average monthly rent of $2,224.

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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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.

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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.