Portland, OR Rental Market Trends
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
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

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
Alameda rent is 10% lower than Portland average
Average Rent | $1,593 |
---|
Arbor Lodge rent is 7% higher than Portland average
Average Rent | $1,884 |
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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.