Apartments for Rent in Portland, OR

Prices and availability in Portland, OR were last updated on 17 May 2026.

The best apartments in Portland, OR are: The Parker, Division Street Lofts, Clay & Tiffany, Quinten Tower and Lorence Court Apartments.

The average rent in Portland, OR is $1,764.

The price range for a studio apartment in Portland, OR is between $480 and $9,150.

The price range for a 1-bedroom apartment in Portland, OR is between $502 and $9,238.

The price range for a 2-bedroom apartment in Portland, OR is between $562 and $11,852.

The price range for a 3-bedroom apartment in Portland, OR is between $849 and $10,004.

In Portland 48% of the housing is rented out compared to 52% of homes are owned, according to the most recent Census Bureau estimates. 29% of Portland's apartments are found in large buildings of 50 units or more, 51% are located in smaller apartment complexes with less than 50 units, and 19% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Portland are about 26 years old, on average. Of these, 58% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 6 stories. About 60% of the rental communities here are low-rise, garden-style communities, 35% are mid-rises, and 14% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Portland come in a range of sizes and floorplans. Studio apartments represent 19% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 44% of the total apartments in the city, while 2-bedroom floorplans represent around 31% of all rentals in Portland. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.