Rental market trends in Portland, OR
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Average Apartment Cost in Portland, OR
Apartment Rent Ranges in Portland, OR
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Portland, OR
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| John's Landing | $1,630 | -4% |
| Richmond | $1,625 | +12% |
| South Portland | $1,610 | -5% |
| St. Johns | $1,411 | +1% |
| North Portland | $1,400 | 0% |
| Arbor Lodge | $1,400 | +17% |
| Kerns | $1,375 | -36% |
| Westmoreland | $1,375 | -- |
| Sullivan's Gulch | $1,350 | +13% |
| Pearl | $1,296 | -18% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Mississippi | $1,695 | -13% |
| Northwest Portland | $1,683 | +1% |
| John's Landing | $1,667 | -6% |
| Boise | $1,660 | -14% |
| South Portland | $1,645 | -7% |
| Northeast Portland | $1,641 | -4% |
| North Portland | $1,625 | -3% |
| St. Johns | $1,625 | -4% |
| Cully | $1,625 | -- |
| Irvington | $1,600 | +24% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Pearl | $3,525 | +8% |
| Downtown | $3,459 | +5% |
| Northwest Portland | $3,437 | +19% |
| Overlook | $3,390 | +29% |
| Goose Hollow | $3,252 | +1% |
| Eliot | $3,066 | +40% |
| South Portland | $2,865 | +13% |
| John's Landing | $2,865 | +13% |
| Mississippi | $2,506 | -1% |
| St. Johns | $2,499 | +89% |
How Other Cities Compare to Portland, OR
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Tigard | $2,622 | +23% |
| Beaverton | $2,565 | -4% |
| Hillsboro | $2,309 | +12% |
| Ridgefield | $1,925 | -- |
| Vancouver | $1,870 | +29% |
| Lake Oswego | $1,649 | -- |
| Woodburn | $1,465 | -- |
| Salem | $1,437 | +37% |
| Camas | $1,400 | -- |
| Wilsonville | $1,395 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Hillsboro | $2,404 | +5% |
| Lake Oswego | $2,228 | +59% |
| Ridgefield | $2,040 | +16% |
| Newberg | $1,850 | +55% |
| Wilsonville | $1,791 | +15% |
| Vancouver | $1,709 | +9% |
| Beaverton | $1,686 | +2% |
| Camas | $1,612 | +11% |
| Woodburn | $1,537 | -- |
| Oregon City | $1,450 | +9% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Ridgefield | $2,370 | -8% |
| Wilsonville | $2,319 | +11% |
| Vancouver | $1,939 | +5% |
| Milwaukie | $1,795 | +53% |
| Gresham | $1,785 | +10% |
| Camas | $1,775 | -1% |
| Beaverton | $1,742 | -14% |
| Oregon City | $1,722 | +10% |
| Woodburn | $1,702 | -- |
| Tualatin | $1,699 | -- |
Portland, OR Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $1249 | $1225 | $1250 | $1260 | $1297 | $1295 | $1295 | $1262 | $1250 | $1250 | $1275 | $1250 | $1250 |
| $1602 | $1572 | $1574 | $1587 | $1580 | $1572 | $1579 | $1574 | $1569 | $1587 | $1579 | $1587 | $1580 |
| $2012 | $1992 | $1935 | $1870 | $1972 | $2050 | $2027 | $1800 | $1872 | $1797 | $1942 | $1935 | $1909 |
| $2200 | $2195 | $2195 | $2165 | $2177 | $2189 | $2200 | $2200 | $2225 | $2187 | $2149 | $2173 | $2150 |
Neighborhood Information for Portland, OR
What are the most affordable neighborhoods in Portland, OR?
The most affordable neighborhoods in Portland are Glenfair, where the average 1-bedroom apartment rent goes for $1,150, Centennial, where renters pay $1,195 on average for a 1-bedroom apartment, and Creston-Kenilworth, where the average 1-bedroom apartment rent goes for $1,225. If you're looking for other great deals, check out the listings in Hillsdale ($1,245 for a 1-bedroom apartment) or Belmont ($1,250 for a 1-bedroom apartment), compared to the $1,582 average for a Portland 1-bedroom apartment.
What are the most expensive neighborhoods in Portland, OR?
The most expensive neighborhoods in Portland are Eliot, where the average 1-bedroom apartment rent goes for $2,673, Pearl, where renters pay $2,322 on average for a 1-bedroom apartment, and South Waterfront, where the average 1-bedroom apartment rent goes for $2,050. If you're looking for other premium neighborhoods, check out the listings in Goose Hollow ($2,046 for a 1-bedroom apartment) or Mississippi ($1,695 for a 1-bedroom apartment), compared to the $1,582 average for a Portland 1-bedroom apartment.
What are the most popular neighborhoods in Portland, OR?
The most popular neighborhoods in Portland are Belmont, where the average 1-bedroom apartment rent goes for $1,250, Hawthorne District, where renters pay $1,495 on average for a 1-bedroom apartment, and Sunnyside, where the average 1-bedroom apartment rent goes for $1,295. If you're looking for other popular neighborhoods, check out the listings in Richmond ($1,395 for a 1-bedroom apartment) or North Tabor ($1,399 for a 1-bedroom apartment), compared to the $1,582 average for a Portland 1-bedroom apartment.
