Portland, OR Rental Market Trends
What is the average rent in Portland?
The average rent for an apartment in Portland is $1,736. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Portland, OR
Last updated April 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,736 | 745 sq. ft. |
What is the average apartment size in Portland?
The average size for a Portland, OR apartment is 745 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
135,346 or 47% of the households in Portland, OR are renter-occupied while 151,684 or 53% are owner-occupied.
Portland, OR rent trends
Average Rent in Portland, OR By Neighborhood
| City | Average Rent |
|---|---|
| The Pearl | $2,132 |
| Hayden Island | $2,001 |
| South Waterfont | $1,992 |
| Nob Hill - Northwest District | $1,990 |
| Mount Scott North | $1,937 |
| Downtown Portland | $1,910 |
| Bridgeton | $1,864 |
| Boise | $1,853 |
| Southwest Gresham | $1,840 |
| Northwest Gresham | $1,836 |
| Madison South | $1,829 |
| Hollybrook | $1,813 |
| Buckman | $1,774 |
| Kerns | $1,735 |
| Beaumont - Wilshire | $1,729 |
| Sullivan's Gulch | $1,704 |
| Hosford - Abernethy | $1,703 |
| Mount Hood | $1,699 |
| Kelly Creek | $1,678 |
| Portsmouth | $1,678 |
| Eliot | $1,675 |
| Corbett - Terwilliger - Lair Hill | $1,666 |
| Multnomah | $1,647 |
| Creston - Kenilworth | $1,647 |
| Northeast Gresham | $1,643 |
| Sellwood - Moreland | $1,639 |
| Lloyd District | $1,626 |
| Hillsdale | $1,619 |
| Wilkes East | $1,614 |
| West Portland Park | $1,587 |
| North Central Gresham | $1,586 |
| Goose Hollow | $1,584 |
| Gresham Pleasant Valley | $1,583 |
| East Centennial | $1,580 |
| Central Gresham City | $1,575 |
| Richmond | $1,568 |
| Powell Valley | $1,560 |
| Wilkes | $1,552 |
| Irvington | $1,548 |
| Lents | $1,546 |
| Sunnyside | $1,543 |
| Hollywood | $1,540 |
| Cathedral Park | $1,528 |
| St. Johns | $1,520 |
| Overlook | $1,513 |
| North Tabor - Center | $1,512 |
| Bridlemile | $1,511 |
| Mount Tabor | $1,508 |
| Reed | $1,497 |
| Hazelwood | $1,493 |
| Parkrose Heights | $1,489 |
| Homestead | $1,481 |
| Argay | $1,470 |
| Rose City Park | $1,461 |
| West Centennial | $1,454 |
| Rockwood | $1,441 |
| Old Town Portland - Chinatown | $1,394 |
| Mill Park | $1,391 |
| Powellhurst - Gilbert | $1,388 |
| Glenfair | $1,346 |
| Parkrose | $1,233 |
| Portland Heights | $1,229 |
| South Tabor | $1,224 |
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What are the most affordable neighborhoods in Portland?
The most affordable neighborhoods in Portland are South Tabor, where the average rent goes for $1,224/month, Portland Heights, where renters pay $1,229/mo on average, and Parkrose, where the average rent goes for $1,233/mo. If you’re looking for other great deals, check out the listings from Glenfair ($1,346), Powellhurst - Gilbert ($1,388), and Mill Park ($1,391), where the asking prices are below the average Portland rent of $1,736/mo.
What are the most expensive neighborhoods in Portland?
The most expensive neighborhoods in Portland are South Waterfont ($1,992), Hayden Island ($2,001) and The Pearl ($2,132).
What are the most popular neighborhoods in Portland?
The most popular neighborhood in Portland is Nob Hill - Northwest District, where there are 27 listings with an average rent of $1,990. Next up is Downtown Portland, where apartments go for $1,910/month, followed by The Pearl with $2,132 If you’re looking to rent in Portland’s most popular neighborhoods, make sure to also check out Kerns, where renters pay $1,735 on average, and Eliot, where the average monthly rent is $1,675.
Portland | Rent Comparison by Neighborhood
Rent in Argay is 15% lower than in Beaumont - Wilshire
$1,470
Argay rent is 15% lower than Portland average
Average Rent
$1,470
$1,729
Beaumont - Wilshire rent is 1% lower than Portland average
Average Rent
$1,729
How Portland Compares to Other Cities
| State | Average Rent |
|---|---|
| Portland | $1,736 |
| Beaverton | $1,788 |
| Eugene | $1,853 |
| Hillsboro | $1,888 |
| Gresham | $1,654 |
| Salem | $1,473 |
| Tigard | $1,747 |
| Bend | $1,776 |
| Happy Valley | $1,882 |
| Corvallis | $1,966 |
| Lake Oswego | $2,065 |
| Vancouver, WA | $1,789 |
| Wilsonville, OR | $1,901 |
| Tualatin | $1,778 |
| West Linn | $2,183 |
| Oregon City | $1,794 |
| Fairview, OR | $1,827 |
| Cornelius, OR | $1,412 |
| Gladstone, OR | $1,702 |
| Canby, OR | $1,621 |
| Camas, WA | $2,021 |
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 $175.75. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
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