In this paper a unified approach for power allocation (PA) problem in multi-hop orthogonal frequency division multiplexing (OFDM) amplify-and-forward (AF) relaying systems has been developed. In the proposed approach, we consider short and long-term individual and total power constraints at the source and relays, and devise decentralized low complexity PA algorithms when wireless links are subject to channel path-loss and small-scale Rayleigh fading. In particular, aiming at improving the instantaneous rate of multi-hop transmission systems with AF relaying, we develop (i) a near-optimal iterative PA algorithm based on the exact analysis of the received SNR at the destination; (ii) a low complexity-suboptimal iterative PA algorithm based on an approximate expression at high-SNR regime; and (iii) a low complexity-non iterative PA scheme with limited performance loss. Since the PA problem in multi-hop systems is too complex to solve with known optimization solvers, in the proposed formulations, we adopted a two-stage approach, including a power distribution phase among distinct subcarriers, and a power allocation phase among different relays. The individual PA phases are then appropriately linked through an iterative method which tries to compensate the performance loss caused by the distinct two-stage approach. Simulation results show the superior performance of the proposed power allocation algorithms.