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Richmond apartments for rent - Portland, OR

Beds

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Average Rent in Portland, OR

Avg. RentAnnual Change
Portland Studio - $1,2620%
Portland 1 Bed - $1,565+5%
Portland 2 Beds - $1,860-2%
Last updated 6/18/2024

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Local Guide

See what Portland, OR has to offer.

Demographics

Education

High School

12%

Associate's

22%

Bachelor's

42%

Master's

21%

Doctorate

3%

Family Size

2 people

46%

3 people

26%

4 people

25%

5 people

3%

6+ people

1%

Household Income

0-50k

25%

50-100k

32%

100-150k

19%

150-200k

12%

200k+

12%

Age

0-10

11%

10-20

6%

20-45

51%

45-65

25%

65+

8%

Affordability

Last updated 6/18/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Richmond, Portland, OR

In Portland, OR, as of 2024, the average rent for apartments ranges from $1,262 to $1,860. Specifically, the average rent for a studio apartment in Richmond, Portland, OR is $1,262. For those seeking a 1-bedroom apartments, the average rent is $1,565. And for a 2-bedroom apartment, renters can expect to pay an average of $1,860.

Annual Rent Change Over the Past 12 Months

Studio

0%

Changed from $1,262 to $1,262
1 Bed

+5%

Changed from $1,490 to $1,565
2 Beds

-2%

Changed from $1,898 to $1,860
Last updated 6/18/2024

Cost of Living

Compared to State Average

1.8%

Compared to National Average

18.8%

The cost of living in Richmond, Portland, OR is 1.8% higher than the state average and 18.8% higher than the national average. Richmond, Portland, OR housing is 50.2% more expensive than the U.S average, while utilities are about 6.8% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 10.4% more in Richmond, Portland, OR than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 11.9% more here compared to the U.S. average.
Cost of Living in Richmond, Portland, ORCompared to State AverageCompared to National Average
Housing
3.7%
50.2%
Utilities
0.4%
6.8%
Food
0.7%
10.4%
Transportation
3.3%
28.4%
Healthcare
1.8%
11.9%

Compare Other Cities

CityStudio Avg RentAnnual Change
Hillsboro$2,505+10%
Beaverton$2,337-1%
Lake Oswego$1,904+15%
Vancouver$1,723-9%
Forest Grove$1,575--
Milwaukie$1,497+16%
Canby$1,4750%
Salem$1,437+44%
Woodburn$1,437-2%
Wilsonville$1,3950%
Camas$1,300--
Tualatin$1,295+6%
Portland$1,2620%
Gresham$1,200-13%
City1 Bed Avg RentAnnual Change
Lake Oswego$1,900+10%
Troutdale$1,750--
Milwaukie$1,721+23%
Wilsonville$1,704+4%
Vancouver$1,687-11%
Woodburn$1,587+3%
Oregon City$1,575+5%
Portland$1,565+5%
Canby$1,5600%
Camas$1,545-10%
Gresham$1,502+2%
Beaverton$1,500-2%
Battleground$1,400-2%
Longview$1,380--
Tualatin$1,325--
Salem$1,310-1%
Forest Grove$1,275-13%
Mcminnville$1,250--
Keizer$1,0500%
City2 Beds Avg RentAnnual Change
Lake Oswego$2,200-3%
Newberg$2,1990%
Wilsonville$2,098-8%
Vancouver$1,9970%
Troutdale$1,995+21%
Forest Grove$1,907+42%
Beaverton$1,884+11%
Portland$1,860-2%
Gresham$1,797+11%
Milwaukie$1,7970%
Woodburn$1,794+5%
Mcminnville$1,6950%
Canby$1,675+2%
Tualatin$1,625+10%
Camas$1,615-15%
Longview$1,586--
Battleground$1,575-7%
Clackamas$1,550--
Salem$1,508-6%
Oregon City$1,495-13%
Keizer$1,475+16%

Compare Neighborhoods

Cully

$1,095

1 Bed Avg. Rent

Multnomah Village

$1,195

1 Bed Avg. Rent

Creston-Kenilworth

$1,195

1 Bed Avg. Rent

What are the most affordable neighborhoods in Portland, OR?

For renters in Portland seeking more affordable options, the neighborhoods to watch are Cully, Multnomah Village, and Creston-Kenilworth, where average rents for 1-bedroom apartments stand at $1,095, $1,195, and $1,195 respectively. Additional areas offering value are Hazelwood and Portsmouth, where the rents are $1,195 and $1,195, a favorable comparison to Portland's overall 1-bedroom average of $1,565.

What are the most expensive neighborhoods in Portland, OR?

In Portland, the neighborhoods commanding the highest rents are Downtown, Pearl, and Mississippi. A 1-bedroom apartment in Downtown averages at $2,122, in Pearl it averages $2,011, and in Mississippi, the average is $1,983. For additional high-end living options, Northwest Portland offers 1-bedroom apartments at $1,800, and Goose Hollow at $1,740. These rates compare to the overall average rent of $1,565 for a 1-bedroom apartment in Portland, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Portland, OR?

In Portland, the most sought-after neighborhoods for renters include Hawthorne District, Belmont, and Sunnyside. In Hawthorne District, the average rent for a 1-bedroom apartment is $1,522. Belmont sees average rents of $1,250 for a 1-bedroom unit. Sunnyside offers similar appeal with 1-bedroom apartments averaging $1,399. For those seeking other popular areas, North Tabor presents 1-bedroom apartments at $1,437, and Mt. Tabor at $1,695. These prices are set against the backdrop of the city-wide average of $1,565 for a 1-bedroom apartment in Portland, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Mississippi$1,620--
Pearl$1,618+11%
Overlook$1,467-15%
North Portland$1,461+1%
Buckman$1,456+16%
St. Johns$1,450-3%
Kenton$1,450--
Hawthorne District$1,425+13%
Hillsdale$1,425--
South Portland$1,395+8%
John's Landing$1,395-1%
Sullivan's Gulch$1,390+7%
Northeast Hazel Dell$1,375--
Downtown$1,357+18%
Lair Hill$1,295+13%
Kerns$1,262-5%
Northwest Portland$1,2500%
Sunnyside$1,2270%
Belmont$1,227--
Westmoreland$1,225-8%
Northeast Portland$1,218-4%
Irvington$1,212-9%
Creston-Kenilworth$1,200+12%
Humboldt$1,195--
Northwest District$1,187-3%
Alphabet District$1,187-5%
Nob Hill$1,187-3%
Eliot$1,142-7%
Goose Hollow$1,125-10%
King's Hill Historic District$1,125-10%
Mt. Tabor$1,124-4%
Cathedral Park$1,124--
Parkrose$1,110+1%
East Portland$1,097+4%
North Tabor$1,095--
Powellhurst-Gilbert$1,075--
Centennial$1,0450%
Arbor Lodge$1,045-25%
Multnomah Village$1,000--
Central Northeast Portland$999-26%
Hazelwood$995--
Hollywood$895-34%
Neighborhood1 Bed Avg RentAnnual Change
Pearl$2,011-3%
Mississippi$1,983+3%
Northwest Portland$1,800+20%
Goose Hollow$1,740+7%
Buckman$1,730+16%
Mt. Tabor$1,695+13%
Hillsdale$1,650--
Northeast Hazel Dell$1,640-3%
Northwest District$1,600+7%
Nob Hill$1,600+7%
King's Hill Historic District$1,575+5%
Northeast Portland$1,570-5%
Humboldt$1,569--
Alphabet District$1,550+4%
St. Johns$1,549-2%
Westmoreland$1,531+4%
Hawthorne District$1,522+2%
North Portland$1,472-6%
South Portland$1,450-3%
John's Landing$1,450+12%
Kerns$1,440-2%
North Tabor$1,437+1%
Parkrose$1,422--
Eliot$1,420-43%
Sunnyside$1,399-3%
Central Northeast Portland$1,395-4%
Lair Hill$1,375+10%
Kenton$1,362-17%
Cathedral Park$1,355--
Irvington$1,350+6%
Centennial$1,350-3%
Arbor Lodge$1,307-8%
East Portland$1,300-7%
Hollywood$1,295-15%
Lents$1,295-7%
Powellhurst-Gilbert$1,2950%
Sullivan's Gulch$1,295-1%
Belmont$1,250--
Overlook$1,247-11%
Montavilla$1,200-14%
Multnomah Village$1,195-8%
Creston-Kenilworth$1,195+2%
Hazelwood$1,195-8%
Portsmouth$1,195-18%
Cully$1,095-33%
Neighborhood2 Beds Avg RentAnnual Change
Buckman$2,573+29%
Northwest District$2,385+1%
Nob Hill$2,385+1%
Kerns$2,365+9%
Humboldt$2,350+4%
Hawthorne District$2,095+8%
Alphabet District$1,950-7%
North Portland$1,947-15%
Kenton$1,935-4%
Northeast Portland$1,910-18%
Sullivan's Gulch$1,895--
Westmoreland$1,889+16%
Arbor Lodge$1,870-1%
Hillsdale$1,850+24%
King's Hill Historic District$1,845+19%
Cathedral Park$1,810+7%
Northeast Hazel Dell$1,800-6%
Hollywood$1,795-10%
Parkrose$1,770+11%
Sunnyside$1,725-9%
Belmont$1,725-1%
Eliot$1,675-45%
North Tabor$1,670-36%
South Portland$1,645-22%
Mt. Tabor$1,562-27%
Irvington$1,555-7%
Central Northeast Portland$1,550-9%
St. Johns$1,550+11%
Creston-Kenilworth$1,520-5%
Lair Hill$1,500+9%
East Portland$1,495-3%
Lents$1,495-6%
Powellhurst-Gilbert$1,495-12%
Cully$1,495+11%
John's Landing$1,495-32%
Overlook$1,450-33%
Portsmouth$1,425-5%
Hazelwood$1,399-6%
Woodstock$1,395--
Multnomah Village$1,375+4%
Montavilla$1,350-20%
Centennial$1,350-15%

Transportation

Commute Time

0-15 Mins

14%

15-30 Mins

47%

30-40 Mins

21%

40-60 Mins

13%

60+ Mins

5%

Transportation Scores

Percentage: 9191

Walk Score®

Percentage: 9797

Bike Score®

Percentage: 5252

Transit Score®

Area Amenities

Top Score

Grocery Stores

2.5/5 stars based on undefined reviews

Not bad on the supermarket score. Richmond Portland gets an average rating.

  1. Few grocery stores per resident
  2. 83% more grocery stores than average
  3. 7% fewer grocery stores than areas of a similar size

Restaurants

2.5/5 stars based on undefined reviews

An average foodie scene: not too cold and not too hot.

  1. Few restaurants per resident
  2. 91% more restaurants than average
  3. 57% more restaurants than areas of a similar size

Coffee

2.5/5 stars based on undefined reviews

Not too cold, not too hot. An average town for coffee.

  1. A high number of coffee shops per resident
  2. 95% more coffee shops than average
  3. 80% more coffee shops than areas of a similar size

Nightlife

2.5/5 stars based on undefined reviews

Nightlife is on the rocks in Richmond Portland.

  1. A high number of bars and clubs per resident
  2. 94% more bars and clubs than average
  3. 70% more bars and clubs than areas of a similar size

Pet Services

2.5/5 stars based on undefined reviews

Who's an ok boy? Richmond Portland doesn't deserve many treats.

  1. Few pet facilities per resident
  2. 86% more pet facilities than average
  3. 48% more pet facilities than areas of a similar size

Theaters

2.5/5 stars based on undefined reviews

Richmond Portland sits in the middle of the pack for theater.

  1. A high number of theaters per resident
  2. 94% more theaters than average
  3. 78% more theaters than areas of a similar size

Parks

2/5 stars based on undefined reviews

Not too many park perks in Richmond Portland.

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Childcare

2/5 stars based on undefined reviews

Richmond Portland is low on childcare options so get on the waiting list early.

  1. Few daycares per resident
  2. 20% more daycares than average
  3. Far fewer daycares than areas of a similar size

Retail Shops

2/5 stars based on undefined reviews

The retail inventory is low in Richmond Portland.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Health and Fitness

2/5 stars based on undefined reviews

You'll have to workout somewhere else to keep fit.

  1. Few gyms per resident
  2. 83% more gyms than average
  3. 20% more gyms than areas of a similar size

Fine Arts

2/5 stars based on undefined reviews

You gotta Van Gogh somewhere else for art.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Amusement Parks

2/5 stars based on undefined reviews

In need of a lift: Richmond Portland is light on amusement parks.

  1. Few amusement parks per resident
  2. An average number of amusement parks
  3. A standard number of amusement parks compared to areas of a similar size

Hospitals

2/5 stars based on undefined reviews

Be patient when looking for a hospital around here.

  1. Few hospitals per resident
  2. An average number of hospitals
  3. A standard number of hospitals compared to areas of a similar size

Medical Care

2/5 stars based on undefined reviews

We have a bone to pick with this Richmond Portland's access to medical care.

  1. Few medical facilities per resident
  2. 68% more medical facilities than average
  3. A standard number of medical facilities compared to areas of a similar size

Gas Stations

2/5 stars based on undefined reviews

Honk if you see a gas station.

  1. Few gas stations per resident
  2. 70% more gas stations than average
  3. 57% fewer gas stations than areas of a similar size

Schools

Top Schools in Richmond Portland

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Portland, OR 2.9 miles$1,565$1,860
Vancouver, WA 9.5 miles$1,687$1,997
Beaverton, OR 8.8 miles$1,500$1,884
Cedar Hills, OR 8.4 miles------
Lake Oswego, OR 6.2 miles$1,900$2,200
Happy Valley, OR 6 miles$4,029$4,938
Gresham, OR 9.3 miles$1,502$1,797
Milwaukie, OR 4.1 miles$1,721$1,797
Oregon City, OR 10.2 miles$1,575$1,495
Tualatin, OR 10.7 miles$1,325$1,625

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Hawthorne District 0.5 miles$1,522$2,095
Mt. Tabor 1.4 miles$1,695$1,562
Creston-Kenilworth 0.8 miles$1,195$1,520
Buckman 1.7 miles$1,730$2,573
Sunnyside 0.8 miles$1,399$1,725
Belmont 0.8 miles$1,250$1,725
Kerns 1.8 miles$1,440$2,365
Woodstock 1.8 miles---$1,395
North Tabor 1.7 miles$1,437$1,670
Brooklyn 1.9 miles$1,400$1,395