Portland, OR Rent Trends

Rank #32, last updated March 13

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To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.

What is the average rent in Portland?

The average rent of a studio apartment in Portland, OR is $1,150. The average rent of a 1-bedroom in Portland, OR is $1,397. The average rent of a 2-bedroom in Portland, OR is $1,750. The average rent of a 3-bedroom in Portland, OR is $2,697.

Studio

$1,150


1 bed

$1,397


2 beds

$1,750


3+ beds

$2,697

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

Rent Prices Over Time in Portland

Feb 25 2024Apr 11 2024May 27 2024Jul 11 2024Aug 25 2024Oct 10 2024Nov 25 2024Jan 10 2025Mar 13 2025$1,200$1,400$1,600$1,850
  • Portland
  • National

Apartment Rent Ranges in Portland

The monthly rent for apartments in Portland, OR ranges from $200 to $3,000+.

$200 - $900

$900 - $1,600

$1,600 - $2,300

$2,300 - $3,000

$3,000+

What is the average apartment size in Portland?

The average size of a Portland, OR apartment is 712 square feet, while the median apartment size for Portland, OR is 643 square feet. However, square footage varies based on unit type. Most rentals in Portland, OR (35.86%) are 1 bedroom apartments, while the fewest (10.41%) are 3+ bedroom apartments. Meanwhile, 2 bedroom apartments account for 29.76%, and studio apartments make up 23.97%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Portland?

Studio1 bed2 beds3+ beds
Arbor Lodge*$1,395$1,950*
Argay Terrace**$1,668$2,152
Boise$1,022$1,408**
Brooklyn Action Corps$1,137*$1,825*
Cathedral Park$1,137*$1,699*
Creston-Kenilworth*$1,295$1,648*
Eliot$1,195$1,475$1,995*
Goose Hollow Foothills League$1,064$1,350$1,850*
Hazelwood*$1,300$1,499$2,195
Hillsdale*$1,250$1,753*
Homestead$1,254$1,375**
Humboldt*$1,595$2,225*
Irvington*$1,475$1,725*
Kerns*$1,426$2,032*
Lents**$1,593$2,495
Montavilla*$1,295$1,647$2,698
Mt. Tabor$1,231$1,281$1,672*
Multnomah*$1,413$1,600*
North Tabor$1,116$1,346$1,795*
Overlook$1,190$1,499$1,760*
Pearl District$1,572$1,875$3,103*
Portland Downtown$975$1,300$1,945*
Powellhurst-Gilbert*$1,200$1,695$2,195
Richmond$1,173*$2,095*
Rose City Park$1,260$1,435$1,795*
Sellwood-Moreland Improvement League$1,299$1,370$1,845*
South Portland$1,053$1,488$1,788*
St. Johns*$1,447$1,673$2,395
University Park**$2,050$3,500
Woodstock$1,430$1,828$2,395*

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

* Insufficient data to calculate value

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