Average Rent in Multnomah, OR

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Current Versus Historical Multnomah, OR Rents

Multnomah rentals average $1,650 for a studio rental to $2,795 for a 4-bedroom rental. The median price of all currently available listings is $1,695, or roughly $22 per square feet.

For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $13 (0.79%) year-over-year from $1,637 to $1,650. 1-bedroom rentals prices have decreased by $57 (-2.79%) year-over-year from $2,057 to $2,000. 2-bedroom rentals prices have decreased by $995 (-38.02%) year-over-year from $2,618 to $1,623. 3-bedroom rentals prices have decreased by $248 (-9.76%) year-over-year from $2,543 to $2,295. 4-bedroom rentals prices have decreased by $929 (-24.30%) year-over-year from $3,824 to $2,895. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 17.02% this month. 1-bedroom rents have gone up by 27.66% this month. 2-bedroom rents have gone down by 3.52% this month. 3-bedroom rents have gone up by 1.40% this month. 4-bedroom rents have gone down by 1.25% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$36.86	$1,650	$1,637 (0.79%)	$1,601 (3.08%)
1 BR	$31.09	$2,000	$2,057 (-2.79%)	$1,812 (10.41%)
2 BR	$24.31	$1,623	$2,618 (-38.02%)	$1,977 (-17.93%)
3 BR	$19.96	$2,295	$2,543 (-9.76%)	$2,434 (-5.72%)
4+ BR	$19.08	$2,895	$3,824 (-24.30%)	$3,082 (-6.06%)

Historical Rents in Multnomah, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Multnomah

There are a total of 2 cities nearby Multnomah. The average rent in Multnomah is currently $2,030 per month. Only one city nearby has an average rent lower than that. Our records show that Portland, OR, with an average rent of $1,659, is the most affordable city nearby. In contrast, the most expensive city near Multnomah, OR is Mount Vista, WA. Monthly rents here are on average $2,401 per month.

Let's compare Multnomah, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Multnomah, OR is 50.00% more expensive than other cities nearby. One bedrooms are about 8.73% more affordable. Two bedrooms in Multnomah, OR are about 27.12% more affordable. Finally, rent for three bedrooms are about 74.65% more expensive. Want more information? Check out the top 2 cities near Multnomah, OR in the following table.

City	Studio	1 Bed	2 Bed	All
Portland, OR	$1,650	$1,970	$1,675	$1,659
Mount Vista, WA	N/A	$2,314	$2,520	$2,401

Top Neighborhoods Near Multnomah

There are a total of 1 neighborhoods in or near Multnomah. One neighborhood in the area is Fisher's Landing East. We've included all of these top 1 neighborhoods in or near Multnomah, OR in the following table.

The average rent for these 1 neighborhoods in or near Multnomah, OR is currently around $1,918 per month. Interestingly, the neighborhoods' average rent is higher than Multnomah's average rent, which is only $1,695. Out of all the neighborhoods in or near Multnomah, Fisher's Landing East has the most affordable average rent at $1,918 per month. Whereas, at $1,918 average rent per month, Fisher's Landing East is the most expensive neighborhood in or near Multnomah. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Fisher's Landing East, Vancouver, WA	N/A	$1,918	$2,819	$1,918

Top Counties Near Multnomah

There are a total of 1 counties located by Multnomah, OR. One county in the area is Washington, OR. The average rent for rentals in these counties is $2,295. That's roughly around $19 per sqft. The county that is the most affordable is Washington, OR. Its average rent per month is $2,295. Vice versa, with an average rent of $2,295, Washington, OR is the most expensive county by Multnomah, OR.

In comparison, rent for one bedroom listings in Multnomah, OR is 25.10% more expensive than other counties nearby. Finally, rent for two bedrooms in Multnomah, OR is 8.79% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Washington, OR	N/A	$1,476	$1,795	$2,295

Top Zipcodes Near Multnomah

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Multnomah Average Rents

What is the average rent price in Multnomah, OR?

The average monthly rental price for Multnomah, OR apartments for rent is approximately $1,695. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Multnomah, OR rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Multnomah, OR.

How much is a studio apartment in Multnomah, OR?

The average monthly rental price for studio apartments is $1,650 and an average price per square feet of $36.86. There are a total of 11 studio apartment listings currently available for rent in Multnomah.

How much is a one bedroom apartment in Multnomah, OR?

The average monthly rental price for one bedroom apartments is $1,970 and an average price per square feet of $31.09. There are a total of 22 one bedroom apartment listings currently available for rent in Multnomah.

How much is a two bedroom apartment in Multnomah, OR?

The average monthly rental price for two bedroom apartments is $1,650 and an average price per square feet of $24.31. There are a total of 38 two bedroom apartment listings currently available for rent in Multnomah.

How have rent prices in Multnomah, OR changed this year?

Rent prices for rentals in Multnomah, OR can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.38%, three bedroom rental prices have changed by -0.10% year-over-year.

What is a reasonable rent price in Multnomah, OR?

A reasonable rent price in Multnomah, OR is around $1,356/month. You can search for these reasonably priced rental listings on RentHop.