Portland, OR Rental Market Trends
What is the average rent in Portland?
The average rent for an apartment in Portland is $1,735. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Portland, OR
Last updated June 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,735 | 744 sq. ft. |
What is the average apartment size in Portland?
The average size for a Portland, OR apartment is 744 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Portland, OR apartment rent ranges
Portland, OR Occupied Housing Units
135,346 or 47% of the households in Portland, OR are renter-occupied while 151,684 or 53% are owner-occupied.
Portland, OR rent trends
Average Rent in Portland, OR By Neighborhood
| City | Average Rent |
|---|---|
| The Pearl | $2,148 |
| Madison South | $2,125 |
| Mount Scott North | $2,094 |
| South Waterfont | $2,067 |
| Hayden Island | $2,065 |
| Nob Hill - Northwest District | $1,985 |
| Southwest Gresham | $1,915 |
| Downtown Portland | $1,901 |
| Bridgeton | $1,834 |
| Boise | $1,830 |
| Northwest Gresham | $1,818 |
| Buckman | $1,768 |
| Hollybrook | $1,745 |
| Sullivan's Gulch | $1,741 |
| Kerns | $1,722 |
| Corbett - Terwilliger - Lair Hill | $1,720 |
| Beaumont - Wilshire | $1,711 |
| Hosford - Abernethy | $1,695 |
| Mount Hood | $1,686 |
| Kelly Creek | $1,683 |
| Lloyd District | $1,640 |
| Sunnyside | $1,628 |
| Creston - Kenilworth | $1,614 |
| Powell Valley | $1,606 |
| Sellwood - Moreland | $1,606 |
| Wilkes East | $1,605 |
| Portsmouth | $1,605 |
| Mount Tabor | $1,601 |
| North Central Gresham | $1,596 |
| Eliot | $1,595 |
| Richmond | $1,593 |
| Northeast Gresham | $1,591 |
| East Centennial | $1,583 |
| Gresham Pleasant Valley | $1,579 |
| Hillsdale | $1,579 |
| West Portland Park | $1,570 |
| Irvington | $1,569 |
| Multnomah | $1,563 |
| Wilkes | $1,560 |
| Central Gresham City | $1,553 |
| Goose Hollow | $1,546 |
| Reed | $1,545 |
| Rose City Park | $1,520 |
| Hollywood | $1,520 |
| Parkrose Heights | $1,518 |
| St. Johns | $1,513 |
| Argay | $1,507 |
| Cathedral Park | $1,505 |
| Overlook | $1,495 |
| Bridlemile | $1,488 |
| North Tabor - Center | $1,482 |
| Rockwood | $1,470 |
| Hazelwood | $1,457 |
| Homestead | $1,435 |
| Lents | $1,423 |
| Old Town Portland - Chinatown | $1,403 |
| Mill Park | $1,398 |
| West Centennial | $1,388 |
| Glenfair | $1,355 |
| Powellhurst - Gilbert | $1,351 |
| South Tabor | $1,266 |
| Parkrose | $1,238 |
| Portland Heights | $1,235 |
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What are the most affordable neighborhoods in Portland?
The most affordable neighborhoods in Portland are Portland Heights, where the average rent goes for $1,235/month, Parkrose, where renters pay $1,238/mo on average, and South Tabor, where the average rent goes for $1,266/mo. If you’re looking for other great deals, check out the listings from Powellhurst - Gilbert ($1,351), Glenfair ($1,355), and West Centennial ($1,388), where the asking prices are below the average Portland rent of $1,735/mo.
What are the most expensive neighborhoods in Portland?
The most expensive neighborhoods in Portland are Mount Scott North ($2,094), Madison South ($2,125) and The Pearl ($2,148).
What are the most popular neighborhoods in Portland?
The most popular neighborhood in Portland is Downtown Portland, where there are 23 listings with an average rent of $1,901. Next up is Nob Hill - Northwest District, where apartments go for $1,985/month, followed by The Pearl with $2,148 If you’re looking to rent in Portland’s most popular neighborhoods, make sure to also check out Kerns, where renters pay $1,722 on average, and Buckman, where the average monthly rent is $1,768.
Portland | Rent Comparison by Neighborhood
Rent in Argay is 12% lower than in Beaumont - Wilshire
$1,507
Argay rent is 13% lower than Portland average
Average Rent
$1,507
$1,711
Beaumont - Wilshire rent is 1% lower than Portland average
Average Rent
$1,711
How Portland Compares to Other Cities
| State | Average Rent |
|---|---|
| Portland | $1,735 |
| Beaverton | $1,792 |
| Salem | $1,466 |
| Hillsboro | $1,934 |
| Eugene | $1,837 |
| Gresham | $1,650 |
| Tigard | $1,748 |
| Bend | $1,870 |
| Corvallis | $2,013 |
| Happy Valley | $1,841 |
| Lake Oswego | $2,134 |
| Vancouver, WA | $1,759 |
| Wilsonville, OR | $1,913 |
| Oregon City | $1,779 |
| West Linn | $2,216 |
| Tualatin | $1,783 |
| Fairview, OR | $1,800 |
| Cornelius, OR | $1,378 |
| Gladstone, OR | $1,678 |
| Battle Ground, WA | $1,829 |
| Canby, OR | $1,653 |
What is the average price for a storage unit in Portland?
The average rent for a non-climate-controlled 10'x10' storage unit in Portland is $177.84. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
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