Portland, OR Rent Trends

Rank #33, last updated March 7

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To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.

What is the average rent in Portland?

The average rent of a studio apartment in Portland, OR is $1,195. The average rent of a 1-bedroom in Portland, OR is $1,399. The average rent of a 2-bedroom in Portland, OR is $1,650. The average rent of a 3-bedroom in Portland, OR is $2,675.

Studio

$1,195


1 bed

$1,399


2 beds

$1,650


3+ beds

$2,675

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

Rent Prices Over Time in Portland

Apartment Rent Ranges in Portland

The monthly rent for apartments in Portland, OR ranges from $600 to $2,200+.

$600 - $1,000

$1,000 - $1,400

$1,400 - $1,800

$1,800 - $2,200

$2,200+

What is the average apartment size in Portland?

The average size of a Portland, OR apartment is 722 square feet, while the median apartment size for Portland, OR is 663 square feet. However, square footage varies based on unit type. Most rentals in Portland, OR (35.25%) are 1 bedroom apartments, while the fewest (11.21%) are 3+ bedroom apartments. Meanwhile, 2 bedroom apartments account for 31.76%, and studio apartments make up 21.78%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Portland?

Studio1 bed2 beds3+ beds
Arbor Lodge*$1,395$1,900*
Argay Terrace**$1,920$1,649
Boise$1,099$1,381**
Cathedral Park$1,299$1,355$1,874*
Creston-Kenilworth*$1,395$1,595*
Eliot$1,070$1,411**
Goose Hollow Foothills League$1,081$1,413$1,747*
Hazelwood*$1,225$1,450$1,927
Hillsdale*$1,499$1,445*
Hollywood$1,110$1,450$1,672*
Homestead$1,225$1,399$1,875*
Humboldt*$1,472$1,950*
Irvington*$1,475$1,695*
Kenton*$1,345$2,095*
Kerns$1,243$1,440**
Lents**$1,527$2,298
Lloyd District Community Association$1,195$1,367$1,858*
Montavilla*$1,200$1,395*
Mt. Scott-Arleta**$1,635$2,295
Mt. Tabor$1,212$1,500$1,960$2,595
Multnomah*$1,345$1,670*
North Tabor$1,110$1,299$1,567*
Overlook$1,195$1,410**
Pearl District$1,551$1,849$2,597*
Portland Downtown$995$1,383$2,300*
Portsmouth*$1,345$1,650$2,595
Powellhurst-Gilbert*$1,250$1,475$2,445
Richmond*$1,529$1,895*
Sellwood-Moreland Improvement League$1,301$1,408$1,949*
South Portland$1,322$1,373$1,595*
South Tabor*$1,162*$2,825
Southwest Hills**$1,575$5,248
St. Johns$1,173$1,335$1,600$2,395
University Park**$1,699$2,520
Wilkes*$1,150$1,295*
Woodstock$1,430$1,694$2,003*

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

* Insufficient data to calculate value

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