Various systems and methods for low power multi-rate data paths are disclosed. As one example, a semiconductor device that includes a multi-rate data path is discussed. The multi-rate data path includes at least two register circuits with an output of one of the register circuits electrically coupled to an input of the other register circuit via a combinational logic block. In addition, the semiconductor device includes a control circuit that is operable to modify the rate at which the multi-rate data path operates by selectably bypassing at least one of the register circuits.