Portland, OR Rental Market Trends

Q: What are the most affordable neighborhoods in Portland?

The most affordable neighborhoods in Portland are Cully , where the average rent goes for $887/month, Parkrose, where renters pay $1,202/mo on average, and Parkrose Heights , where the average rent goes for $1,202/mo. If you’re looking for other great deals, check out the listings from Sumner ($1,202), Woodland Park ($1,202), and West Centennial ($1,410), where the asking prices are below the average Portland rent of $1,763/mo.

What is the average rent in Portland?

The average rent for an apartment in Portland is $1,763. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Portland, OR

Last updated February 2023

Average Rent	Average Apartment Size
$1,763	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

130,452 or 47% of the households in Portland, OR are renter-occupied while 149,345 or 53% are owner-occupied.

Portland, OR rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Portland, OR By Neighborhood

Neighborhood	Average Rent
The Pearl	$2,065
Old Town Portland - Chinatown	$2,057
Arnold Creek	$2,027
Nob Hill - Northwest District	$2,026
Healy Heights	$1,893
Arbor Lodge	$1,884
Hayden Island	$1,884
Kenton	$1,884
Forest Park	$1,872
Bridgeton	$1,858
East Columbia - Heron Meadows	$1,858
Humboldt	$1,858
Piedmont	$1,858
Overlook	$1,851
Northwest Heights - Forest Heights	$1,850
Willbridge	$1,850
Boise	$1,825
Bridlemile	$1,821
Hayhurst	$1,821
Sullivan's Gulch	$1,813
Lloyd District	$1,809
Hillsdale	$1,805
Homestead	$1,802
South Waterfont	$1,802
Southwest Hills	$1,802
St. Johns	$1,794
Kerns	$1,780
Goose Hollow	$1,778
Downtown Portland	$1,776
Arlington Heights	$1,771
Sylvan Highlands	$1,771
Hillside	$1,760
Northwest Forest Park - Willamette Heights	$1,760
Northwest Industrial	$1,760
Westover	$1,760
Greater Corbett	$1,754
Eliot	$1,750
Laurelhurst	$1,744
Portland Heights	$1,741
Hollywood	$1,739
Buckman	$1,734
Ladd's	$1,734
Corbett - Terwilliger - Lair Hill	$1,728
Sunnyside	$1,725
Hosford - Abernethy	$1,670
Richmond	$1,648
Central Gresham City	$1,633
North Central Gresham	$1,633
Northeast Gresham	$1,633
Northwest Gresham	$1,633
East Gresham - Orient	$1,631
Hollybrook	$1,619
Powell Valley	$1,619
Concordia	$1,611
Sunderland	$1,611
Vernon	$1,611
Woodlawn	$1,611
Mount Tabor	$1,609
Ardenwald	$1,594
Alameda	$1,593
King	$1,593
Sabin	$1,593
Asert	$1,592
Gresham Butte	$1,592
Kelly Creek	$1,592
Mount Hood	$1,592
Persimmon Country Club	$1,592
Southwest Gresham	$1,592
Brooklyn	$1,588
Eastmoreland	$1,588
Reed	$1,588
Ross Island	$1,588
Sellwood - Moreland	$1,588
Irvington	$1,583
Creston - Kenilworth	$1,575
Eastmoreland Heights	$1,575
Woodstock	$1,575
Cathedral Park	$1,566
Portsmouth	$1,566
University Park	$1,566
Ashcreek	$1,563
Collins View	$1,563
Crestwood	$1,563
Far Southwest Portland	$1,563
Forest Highlands	$1,563
Maplewood	$1,563
Markham	$1,563
Marshall Park	$1,563
Multnomah	$1,563
Riverdale	$1,563
Riverwood	$1,563
South Burlingame	$1,563
West Portland Park	$1,563
Beaumont - Wilshire	$1,561
North Tabor - Center	$1,557
East Centennial	$1,556
Grant Park	$1,555
North Gresham	$1,552
Brentwood - Darlington	$1,548
Foster - Powell	$1,548
Mount Scott - Arleta	$1,548
Rose City Park	$1,548
South Tabor	$1,548
Cherry Park	$1,540
Pleasant Valley	$1,537
Roseway	$1,509
Lents	$1,487
Mount Scott North	$1,487
Powellhurst - Gilbert	$1,479
Bellrose	$1,469
Gresham Pleasant Valley	$1,469
Montavilla	$1,468
Argay	$1,459
Russell	$1,459
Wilkes	$1,459
Wilkes East	$1,459
Greenhills	$1,451
Madison South	$1,429
Glenfair	$1,425
Rockwood	$1,425
Mill Park	$1,420
Hazelwood	$1,412
West Centennial	$1,410
Parkrose	$1,202
Parkrose Heights	$1,202
Sumner	$1,202
Woodland Park	$1,202
Cully	$887

What are the most affordable neighborhoods in Portland?

The most affordable neighborhoods in Portland are Cully, where the average rent goes for $887/month, Parkrose, where renters pay $1,202/mo on average, and Parkrose Heights, where the average rent goes for $1,202/mo. If you’re looking for other great deals, check out the listings from Sumner ($1,202), Woodland Park ($1,202), and West Centennial ($1,410), where the asking prices are below the average Portland rent of $1,763/mo.

What are the most expensive neighborhoods in Portland?

The most expensive neighborhoods in Portland are Arnold Creek ($2,027), Old Town Portland - Chinatown ($2,057) and The Pearl ($2,065).

What are the most popular neighborhoods in Portland?

The most popular neighborhood in Portland is Nob Hill - Northwest District, where there are 36 listings with an average rent of $2,026. Next up is Downtown Portland, where apartments go for $1,776/month, followed by The Pearl with $2,065 If you’re looking to rent in Portland’s most popular neighborhoods, make sure to also check out Kerns, where renters pay $1,780 on average, and North Central Gresham, where the average monthly rent is $1,633.

Portland | Rent Comparison by Neighborhood

Rent in Alameda is 15% lower than in Arbor Lodge

$1,593

Alameda rent is 10% lower than Portland average

Average Rent	$1,593

$1,884

Arbor Lodge rent is 7% higher than Portland average

Average Rent	$1,884

How Portland Compares to Other Cities

City	Average Rent
Portland	$1,763
Vancouver	$1,710
Gresham	$1,632
Beaverton	$1,787
Eugene	$1,752
Hillsboro	$1,970
Salem	$1,417
Bend	$1,781
Tigard	$1,711
Happy Valley	$1,763
Corvallis	$1,773
Wilsonville	$1,818
Oregon City	$1,774
Lake Oswego	$2,123
Fairview	$1,786
Forest Grove	$1,352
Tualatin	$1,810
Washougal	$1,904
Canby	$1,585
Cornelius	$1,338
Gladstone	$1,717

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 $162.69. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.