The Pearl, Portland, OR Rental Market Trends
Last updated: September 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in The Pearl is $2,092, a 0.04% increase compared to the previous year, when the average rent was $2,091.
Studio Apartments at $1,495 offer the most budget-friendly option with 506 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 712 square feet for $1,949, balancing privacy and affordability.
Two-bedroom units at $2,969 offer 1,090 square feet, perfect for roommates or small families.
Average rent in The Pearl, Portland, OR
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,092 | 760 sq. ft. |
| Studio | $1,495 | 506 sq. ft. |
| 1 Bed | $1,949 | 712 sq. ft. |
| 2 Beds | $2,969 | 1,090 sq. ft. |
| 3 Beds | n/a | n/a |
The Pearl, Portland, OR rent trends
Rental prices in The Pearl, Portland, OR have increased by 0.04% over the past year. The average rent moved from $2,091 to $2,092.
What's the typical rent budget in The Pearl, Portland, OR?
The largest share of rentals in The Pearl, Portland, OR (43%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in The Pearl, Portland, OR?
4,004 or 80% of the households in The Pearl, Portland, OR are renter-occupied while 989 or 20% are owner-occupied.
Most affordable neighborhoods in The Pearl?
South Tabor $1,324/month
Glenfair $1,333/month
Powellhurst - Gilbert $1,358/month
All of these neighborhoods fall below the city wide average of $1,725/month.Most expensive neighborhoods in The Pearl?
Mount Scott North $1,970/month
South Waterfont $1,978/month
The Pearl $2,092/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Portland, OR By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| The Pearl | $2,092 |
| South Waterfont | $1,978 |
| Mount Scott North | $1,970 |
| Downtown Portland | $1,903 |
| Boise | $1,888 |
| Nob Hill - Northwest District | $1,881 |
| Southwest Gresham | $1,860 |
| Northwest Gresham | $1,834 |
| Bridgeton | $1,768 |
| Buckman | $1,755 |
| Goose Hollow | $1,742 |
| West Portland Park | $1,734 |
| Beaumont - Wilshire | $1,729 |
| Sullivan's Gulch | $1,719 |
| Corbett - Terwilliger - Lair Hill | $1,706 |
| Portsmouth | $1,703 |
| Humboldt | $1,703 |
| North Tabor - Center | $1,695 |
| Mount Hood | $1,686 |
| Lloyd District | $1,679 |
| Kerns | $1,674 |
| Madison South | $1,668 |
| Hollybrook | $1,660 |
| Hillsdale | $1,643 |
| Central Gresham City | $1,635 |
| Eliot | $1,626 |
| Reed | $1,613 |
| East Centennial | $1,609 |
| Kelly Creek | $1,608 |
| Sunnyside | $1,600 |
| Gresham Pleasant Valley | $1,593 |
| Hollywood | $1,592 |
| Richmond | $1,590 |
| Multnomah | $1,579 |
| Creston - Kenilworth | $1,577 |
| Wilkes East | $1,576 |
| Hosford - Abernethy | $1,569 |
| Powell Valley | $1,569 |
| Sellwood - Moreland | $1,560 |
| Parkrose Heights | $1,555 |
| Overlook | $1,553 |
| Northeast Gresham | $1,550 |
| North Central Gresham | $1,538 |
| Cathedral Park | $1,521 |
| St. Johns | $1,521 |
| Rose City Park | $1,519 |
| Bridlemile | $1,512 |
| Old Town Portland - Chinatown | $1,508 |
| West Centennial | $1,502 |
| Homestead | $1,488 |
| Hazelwood | $1,481 |
| Wilkes | $1,458 |
| Mount Tabor | $1,458 |
| Rockwood | $1,438 |
| Mill Park | $1,406 |
| Lents | $1,397 |
| Powellhurst - Gilbert | $1,358 |
| Glenfair | $1,333 |
| South Tabor | $1,324 |
Portland | Rent Comparison by Neighborhood
Rent in The Pearl is 21% higher than in Beaumont - Wilshire
The Pearl rent is the same as Portland average
Beaumont - Wilshire rent is 17% lower than Portland average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all The Pearl apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.