Apartments for Rent in Multnomah, Portland, OR

Multnomah, Portland apartment availability

Multnomah's rental market offers a good selection of listings, with an average of 51 rentals available each month. The neighborhood's inventory is comprised mostly of 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom units. Many of these apartments cater to pet owners, with 43% allowing pets and an additional 43% permitting pets with restrictions. Assigned parking is also a common amenity, available in nearly 45% of apartments. This mix of amenities and unit types makes Multnomah a viable option for renters seeking a variety of choices in a Portland neighborhood.

Multnomah, Portland rental market trends

The Multnomah rental market in Portland saw a modest increase of about 1% in 2024, with an average monthly rent of $1,454 across all bed counts and property types. Breaking it down by bed count, 1-bedrooms averaged $1,290 per month, a 2.4% decrease from the previous year, while 2-bedrooms averaged $1,488, a 2.3% decrease. On the other hand, 3-bedrooms saw a 6.2% increase, averaging $2,131 per month. Studios remained relatively stable, averaging $1,421 per month.

The summer months tend to see higher demand and prices in Multnomah, with August typically being the most expensive month, 6.6% higher than December, the lowest month. If you're looking for a new apartment, winter might be a good time to search, with prices in December being about 6.6% lower than in August. Keep in mind that the rental market can be competitive, especially during the peak summer months.

Why Multnomah, Portland is a great place to live

Multnomah is a top choice for renters who prioritize social living and pet ownership. According to data, apartments in Multnomah often feature pet-friendly amenities such as dedicated pet spaces, pet-safe windows, and outdoor areas, making it an ideal neighborhood for pet owners. The lack of breed restrictions and presence of pet events further enhance its pet-friendliness. Additionally, Multnomah's high walk score, well-maintained street infrastructure, and frequent transit options make it easy for residents to get around and connect with others, contributing to its strong social life. With a mix of age groups in the neighborhood, Multnomah offers a unique blend of community and convenience.