Portland, OR Rental Market Trends
What is the average rent in Portland?
The average rent for an apartment in Portland is $1,728. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Portland, OR
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,728 | 758 sq. ft. |
What is the average apartment size in Portland?
The average size for a Portland, OR apartment is 758 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
132,612 or 47% of the households in Portland, OR are renter-occupied while 151,284 or 53% are owner-occupied.
Portland, OR rent trends
Average Rent in Portland, OR By Neighborhood
| City | Average Rent |
|---|---|
| The Pearl | $2,017 |
| Nob Hill - Northwest District | $1,966 |
| East Columbia - Heron Meadows | $1,800 |
| Hayhurst | $1,799 |
| South Waterfont | $1,799 |
| Downtown Portland | $1,760 |
| St. Johns | $1,742 |
| Eliot | $1,724 |
| Lloyd District | $1,713 |
| Corbett - Terwilliger - Lair Hill | $1,701 |
| Sullivan's Gulch | $1,697 |
| Kerns | $1,674 |
| Northwest Industrial | $1,656 |
| Buckman | $1,636 |
| Mount Hood | $1,631 |
| Powell Valley | $1,616 |
| Central Gresham City | $1,608 |
| Concordia | $1,608 |
| North Central Gresham | $1,608 |
| Northeast Gresham | $1,608 |
| Northwest Gresham | $1,608 |
| Sunderland | $1,608 |
| Hosford - Abernethy | $1,601 |
| Ardenwald | $1,591 |
| Brentwood - Darlington | $1,572 |
| South Tabor | $1,572 |
| Creston - Kenilworth | $1,564 |
| Brooklyn | $1,560 |
| Reed | $1,560 |
| Rose City Park | $1,558 |
| Far Southwest Portland | $1,549 |
| Multnomah | $1,549 |
| West Portland Park | $1,549 |
| East Centennial | $1,537 |
| North Gresham | $1,537 |
| Portsmouth | $1,534 |
| Roseway | $1,511 |
| Lents | $1,504 |
| Powellhurst - Gilbert | $1,478 |
| Montavilla | $1,476 |
| Argay | $1,453 |
| Madison South | $1,452 |
| Rockwood | $1,424 |
| Mill Park | $1,422 |
| Hazelwood | $1,417 |
| West Centennial | $1,404 |
| Parkrose | $1,260 |
| Sumner | $1,260 |
| Cully | $800 |
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What are the most affordable neighborhoods in Portland?
The most affordable neighborhoods in Portland are Cully, where the average rent goes for $800/month, Parkrose, where renters pay $1,260/mo on average, and Sumner, where the average rent goes for $1,260/mo. If you’re looking for other great deals, check out the listings from West Centennial ($1,404), Hazelwood ($1,417), and Mill Park ($1,422), where the asking prices are below the average Portland rent of $1,728/mo.
What are the most expensive neighborhoods in Portland?
The most expensive neighborhoods in Portland are East Columbia - Heron Meadows ($1,800), Nob Hill - Northwest District ($1,966) and The Pearl ($2,017).
What are the most popular neighborhoods in Portland?
The most popular neighborhood in Portland is Downtown Portland, where there are 3 listings with an average rent of $1,760. Next up is St. Johns, where apartments go for $1,742/month, followed by Ardenwald with $1,591 If you’re looking to rent in Portland’s most popular neighborhoods, make sure to also check out Argay, where renters pay $1,453 on average, and Brentwood - Darlington, where the average monthly rent is $1,572.
Portland | Rent Comparison by Neighborhood
Rent in Ardenwald is 9% higher than in Argay
$1,591
Ardenwald rent is 8% lower than Portland average
Average Rent
$1,591
$1,453
Argay rent is 16% lower than Portland average
Average Rent
$1,453
How Portland Compares to Other Cities
| State | Average Rent |
|---|---|
| Portland | $1,728 |
| Beaverton | $1,742 |
| Bend | $1,874 |
| Dallas | $1,234 |
| Eugene | $1,761 |
| Happy Valley | $1,767 |
| Lake Oswego | $2,025 |
| Milwaukie | $1,622 |
| Salem | $1,446 |
| Vancouver | $1,701 |
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 $152.21. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
