Portland, OR Rental Market Trends
Last updated: October 29, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Portland is $1,753, a 0.66% increase compared to the previous year, when the average rent was $1,742.
Studio Apartments at $1,355 offer the most budget-friendly option with 463 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 657 square feet for $1,664, balancing privacy and affordability.
Two-beedroom units at $2,015 offer 969 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,193 sq ft) for $2,317, suitable for larger households.
Average rent in Portland, OR
Last updated: October 29, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,753 | 745 sq. ft. |
| Studio | $1,355 | 463 sq. ft. |
| 1 Bed | $1,664 | 657 sq. ft. |
| 2 Beds | $2,015 | 969 sq. ft. |
| 3 Beds | $2,317 | 1,193 sq. ft. |
Portland, OR rent trends
What's the typical rent budget in Portland, OR?
The largest share of rentals in Portland, OR (42%) 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 $1,277/month
Parkrose $1,277/month
South Tabor $1,278/month
All of these neighborhoods fall below the city wide average of $1,753/month.Most expensive neighborhoods in Portland?
Madison South $2,145/month
The Pearl $2,159/month
The Pearl $2,159/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 | $2,159 |
| The Pearl | $2,159 |
| Madison South | $2,145 |
| Madison South | $2,145 |
| Mount Scott North | $2,115 |
| Mount Scott North | $2,115 |
| South Waterfont | $2,075 |
| South Waterfont | $2,075 |
| Downtown Portland | $1,976 |
| Downtown Portland | $1,976 |
| Nob Hill - Northwest District | $1,910 |
| Nob Hill - Northwest District | $1,910 |
| Southwest Gresham | $1,863 |
| Southwest Gresham | $1,863 |
| Boise | $1,856 |
| Boise | $1,856 |
| Northwest Gresham | $1,846 |
| Northwest Gresham | $1,846 |
| Bridgeton | $1,828 |
| Bridgeton | $1,828 |
| Buckman | $1,781 |
| Buckman | $1,781 |
| Hollybrook | $1,762 |
| Hollybrook | $1,762 |
| Corbett - Terwilliger - Lair Hill | $1,750 |
| Corbett - Terwilliger - Lair Hill | $1,750 |
| Kerns | $1,737 |
| Kerns | $1,737 |
| Portsmouth | $1,736 |
| Portsmouth | $1,736 |
| Goose Hollow | $1,733 |
| Goose Hollow | $1,733 |
| Beaumont - Wilshire | $1,729 |
| Beaumont - Wilshire | $1,729 |
| Sullivan's Gulch | $1,711 |
| Sullivan's Gulch | $1,711 |
| Mount Hood | $1,710 |
| Mount Hood | $1,710 |
| Hosford - Abernethy | $1,706 |
| Hosford - Abernethy | $1,706 |
| Kelly Creek | $1,683 |
| Kelly Creek | $1,683 |
| Lloyd District | $1,656 |
| Lloyd District | $1,656 |
| Creston - Kenilworth | $1,655 |
| Creston - Kenilworth | $1,655 |
| Sunnyside | $1,644 |
| Sunnyside | $1,644 |
| Wilkes East | $1,624 |
| Wilkes East | $1,624 |
| Eliot | $1,623 |
| Eliot | $1,623 |
| Powell Valley | $1,621 |
| Powell Valley | $1,621 |
| Mount Tabor | $1,616 |
| Mount Tabor | $1,616 |
| Richmond | $1,612 |
| Richmond | $1,612 |
| Sellwood - Moreland | $1,605 |
| Sellwood - Moreland | $1,605 |
| North Central Gresham | $1,590 |
| North Central Gresham | $1,590 |
| Central Gresham City | $1,584 |
| Central Gresham City | $1,584 |
| Multnomah | $1,579 |
| Multnomah | $1,579 |
| Hollywood | $1,578 |
| Hollywood | $1,578 |
| East Centennial | $1,577 |
| East Centennial | $1,577 |
| Hillsdale | $1,574 |
| Hillsdale | $1,574 |
| West Portland Park | $1,569 |
| West Portland Park | $1,569 |
| Northeast Gresham | $1,564 |
| Northeast Gresham | $1,564 |
| Wilkes | $1,552 |
| Wilkes | $1,552 |
| Parkrose Heights | $1,532 |
| Parkrose Heights | $1,532 |
| St. Johns | $1,528 |
| St. Johns | $1,528 |
| North Tabor - Center | $1,512 |
| North Tabor - Center | $1,512 |
| Overlook | $1,504 |
| Overlook | $1,504 |
| Bridlemile | $1,502 |
| Bridlemile | $1,502 |
| Cathedral Park | $1,499 |
| Cathedral Park | $1,499 |
| Rockwood | $1,491 |
| Rockwood | $1,491 |
| Lents | $1,454 |
| Lents | $1,454 |
| Hazelwood | $1,441 |
| Hazelwood | $1,441 |
| Homestead | $1,427 |
| Homestead | $1,427 |
| Old Town Portland - Chinatown | $1,414 |
| Old Town Portland - Chinatown | $1,414 |
| Mill Park | $1,375 |
| Mill Park | $1,375 |
| Glenfair | $1,375 |
| Glenfair | $1,375 |
| West Centennial | $1,374 |
| West Centennial | $1,374 |
| Powellhurst - Gilbert | $1,355 |
| Powellhurst - Gilbert | $1,355 |
| South Tabor | $1,278 |
| South Tabor | $1,278 |
| Parkrose | $1,277 |
| Parkrose | $1,277 |
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Portland | Rent Comparison by Neighborhood
Rent in Beaumont - Wilshire is the same as in Beaumont - Wilshire
$1,729
Beaumont - Wilshire rent is 1% lower than Portland average
Average Rent
$1,729
$1,729
Beaumont - Wilshire rent is 1% lower than Portland average
Average Rent
$1,729
How Portland Compares to Other Cities
| City | Average Rent |
|---|---|
| Portland | $1,753 |
| Beaverton | $1,793 |
| Hillsboro | $1,920 |
| Tigard | $1,757 |
| Gresham | $1,655 |
| Salem | $1,463 |
| Eugene | $1,846 |
| Bend | $1,945 |
| Lake Oswego, OR | $2,157 |
| Oregon City, OR | $1,793 |
| Happy Valley, OR | $1,853 |
| West Linn, OR | $2,145 |
| Wilsonville, OR | $1,921 |
| Vancouver, WA | $1,781 |
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.