Average Rent in Multnomah, OR

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Current Versus Historical Multnomah, OR Rents

Multnomah rentals average $1,188 for a studio rental to $4,373 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $23 per square feet.

For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $431 (-26.61%) year-over-year from $1,618 to $1,188. 1-bedroom rentals prices have decreased by $529 (-26.38%) year-over-year from $2,004 to $1,475. 2-bedroom rentals prices have decreased by $472 (-21.79%) year-over-year from $2,167 to $1,695. 3-bedroom rentals prices have decreased by $152 (-5.96%) year-over-year from $2,547 to $2,395. 4-bedroom rentals prices have increased by $816 (22.94%) year-over-year from $3,557 to $4,373. 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 6.42% this month. 1-bedroom rents have gone up by 7.53% this month. 2-bedroom rents have gone up by 4.25% this month. 3-bedroom rents have gone up by 1.77% this month. 4-bedroom rents have gone up by 14.44% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$34.50	$1,188	$1,618 (-26.61%)	$1,547 (-23.26%)
1 BR	$27.64	$1,475	$2,004 (-26.38%)	$1,655 (-10.86%)
2 BR	$21.08	$1,695	$2,167 (-21.79%)	$1,829 (-7.33%)
3 BR	$22.49	$2,395	$2,547 (-5.96%)	$2,396 (-0.03%)
4+ BR	$24.09	$4,373	$3,557 (22.94%)	$3,130 (39.70%)

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 $2,006 per month. Our records show that Portland, OR, with an average rent of $1,610, 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 29.46% more affordable. Two bedrooms in Multnomah, OR are about 27.92% more affordable. Finally, rent for three bedrooms are about 53.85% 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	$1,188	$1,505	$1,695	$1,610
Mount Vista, WA	N/A	$2,314	$2,520	$2,401

Top Neighborhoods Near Multnomah

There are a total of 2 neighborhoods in or near Multnomah. Some of these neighborhoods include Fisher's Landing East and Kerns. We've included all of these top 2 neighborhoods in or near Multnomah, OR in the following table.

The average rent for these 2 neighborhoods in or near Multnomah, OR is currently around $2,035 per month. Interestingly, the neighborhoods' average rent is higher than Multnomah's average rent, which is only $1,600. 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 $2,152 average rent per month, Kerns 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
Kerns, Portland, OR	$1,794	$2,193	$3,477	$2,152

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 $2,225. That's roughly around $23 per sqft. The county that is the most affordable is Washington, OR. Its average rent per month is $2,225. Vice versa, with an average rent of $2,225, Washington, OR is the most expensive county by Multnomah, OR.

In comparison, rent for one bedroom listings in Multnomah, OR is 28.75% more affordable than other counties nearby. Finally, rent for two bedrooms in Multnomah, OR is 1.37% more expensive 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	$1,899	$1,625	$2,225

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 $1,600. 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 $1,188 and an average price per square feet of $34.50. There are a total of 14 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 $1,475 and an average price per square feet of $27.64. There are a total of 28 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 $1,648 and an average price per square feet of $21.08. There are a total of 48 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 -0.27%, one bedroom rental prices have changed by -0.26%, two bedroom rental prices have changed by -0.22%, three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in Multnomah, OR?

A reasonable rent price in Multnomah, OR is around $1,280/month. You can search for these reasonably priced rental listings on RentHop.