Portland, OR Rental Market Trends
Last updated: April 19, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Portland is $1,713, a 0.79% decrease compared to the previous year, when the average rent was $1,727.
Studio Apartments at $1,333 offer the most budget-friendly option with 461 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 658 square feet for $1,623, balancing privacy and affordability.
Two-beedroom units at $1,965 offer 969 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,191 sq ft) for $2,253, suitable for larger households.
Average rent in Portland, OR
Last updated: April 19, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,713 | 745 sq. ft. |
| Studio | $1,333 | 461 sq. ft. |
| 1 Bed | $1,623 | 658 sq. ft. |
| 2 Beds | $1,965 | 969 sq. ft. |
| 3 Beds | $2,253 | 1,191 sq. ft. |
Portland, OR rent trends
What's the typical rent budget in Portland, OR?
The largest share of rentals in Portland, OR (43%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Portland, OR?
135,346 or 47% of the households in Portland, OR are renter-occupied while 151,684 or 53% are owner-occupied.
Most affordable neighborhoods in Portland?
Parkrose $1,204/month
South Tabor $1,230/month
Powellhurst - Gilbert $1,346/month
All of these neighborhoods fall below the city wide average of $1,713/month.Most expensive neighborhoods in Portland?
Downtown Portland $1,940/month
South Waterfont $1,991/month
The Pearl $2,094/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Portland, OR By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| The Pearl | $2,094 |
| South Waterfont | $1,991 |
| Downtown Portland | $1,940 |
| Boise | $1,873 |
| Nob Hill - Northwest District | $1,831 |
| Southwest Gresham | $1,820 |
| Mount Scott North | $1,810 |
| Northwest Gresham | $1,793 |
| Buckman | $1,764 |
| Bridgeton | $1,760 |
| Goose Hollow | $1,735 |
| Sullivan's Gulch | $1,726 |
| Humboldt | $1,719 |
| Corbett - Terwilliger - Lair Hill | $1,692 |
| Madison South | $1,690 |
| Kerns | $1,673 |
| Lloyd District | $1,662 |
| Beaumont - Wilshire | $1,661 |
| Hollybrook | $1,660 |
| Portsmouth | $1,625 |
| Sunnyside | $1,618 |
| West Portland Park | $1,615 |
| East Centennial | $1,609 |
| Mount Hood | $1,609 |
| Parkrose Heights | $1,607 |
| Powell Valley | $1,604 |
| Eliot | $1,592 |
| Central Gresham City | $1,587 |
| Richmond | $1,584 |
| Creston - Kenilworth | $1,582 |
| Hillsdale | $1,579 |
| Wilkes East | $1,578 |
| Multnomah | $1,575 |
| Reed | $1,572 |
| Sellwood - Moreland | $1,565 |
| Hollywood | $1,557 |
| North Central Gresham | $1,542 |
| Hosford - Abernethy | $1,539 |
| Wilkes | $1,538 |
| Northeast Gresham | $1,531 |
| Overlook | $1,530 |
| St. Johns | $1,520 |
| Kelly Creek | $1,515 |
| Mount Tabor | $1,506 |
| Cathedral Park | $1,496 |
| Old Town Portland - Chinatown | $1,488 |
| Homestead | $1,474 |
| West Centennial | $1,461 |
| Lents | $1,458 |
| Hazelwood | $1,457 |
| Rockwood | $1,447 |
| Bridlemile | $1,421 |
| Mill Park | $1,381 |
| Glenfair | $1,362 |
| Powellhurst - Gilbert | $1,346 |
| South Tabor | $1,230 |
| Parkrose | $1,204 |
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Portland | Rent Comparison by Neighborhood
Rent in Beaumont - Wilshire is 11% lower than in Boise
$1,661
Beaumont - Wilshire rent is 3% lower than Portland average
Average Rent
$1,661
$1,873
Boise rent is 9% higher than Portland average
Average Rent
$1,873
How Portland Compares to Other Cities
| City | Average Rent |
|---|---|
| Portland | $1,713 |
| Hillsboro | $1,851 |
| Eugene | $1,889 |
| Bend | $1,918 |
| Gresham | $1,598 |
| Beaverton | $1,745 |
| Salem | $1,493 |
| Tigard | $1,691 |
| Happy Valley | $1,856 |
| Corvallis | $1,987 |
| Oregon City | $1,790 |
| Vancouver, WA | $1,758 |
| Wilsonville, OR | $1,802 |
| Tualatin | $1,717 |
| Lake Oswego | $2,059 |
| West Linn | $2,186 |
| Cornelius, OR | $1,441 |
| Fairview, OR | $1,766 |
| Gladstone, OR | $1,712 |
| Sherwood, OR | $1,977 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Portland apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.