Portland, OR Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Portland is $1,702, a 1.34% decrease compared to the previous year, when the average rent was $1,725.
Studio Apartments at $1,302 offer the most budget-friendly option with 460 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 659 square feet for $1,615, balancing privacy and affordability.
Two-beedroom units at $1,960 offer 968 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,190 sq ft) for $2,267, suitable for larger households.
Average rent in Portland, OR
Last updated: February 18, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,702 | 745 sq. ft. |
| Studio | $1,302 | 460 sq. ft. |
| 1 Bed | $1,615 | 659 sq. ft. |
| 2 Beds | $1,960 | 968 sq. ft. |
| 3 Beds | $2,267 | 1,190 sq. ft. |
Portland, OR rent trends
What's the typical rent budget in Portland, OR?
The largest share of rentals in Portland, OR (41%) 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 Portland, OR?
135,346 or 47% of the households in Portland, OR are renter-occupied while 151,684 or 53% are owner-occupied.
Most affordable neighborhoods in Portland?
Portland Heights $1,046/month
Parkrose $1,228/month
Old Town Portland - Chinatown $1,303/month
All of these neighborhoods fall below the city wide average of $1,702/month.Most expensive neighborhoods in Portland?
South Waterfont $1,960/month
Hayden Island $1,981/month
The Pearl $2,071/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 | $2,071 |
| Hayden Island | $1,981 |
| South Waterfont | $1,960 |
| Madison South | $1,919 |
| Downtown Portland | $1,897 |
| Mount Scott North | $1,868 |
| Southwest Gresham | $1,867 |
| Nob Hill - Northwest District | $1,824 |
| Boise | $1,798 |
| Bridgeton | $1,783 |
| Buckman | $1,772 |
| Northwest Gresham | $1,759 |
| Goose Hollow | $1,738 |
| Beaumont - Wilshire | $1,714 |
| Kerns | $1,694 |
| Portsmouth | $1,687 |
| Mount Hood | $1,684 |
| Kelly Creek | $1,675 |
| Sullivan's Gulch | $1,673 |
| Powell Valley | $1,671 |
| Lloyd District | $1,664 |
| Corbett - Terwilliger - Lair Hill | $1,663 |
| Hollybrook | $1,653 |
| Creston - Kenilworth | $1,613 |
| Eliot | $1,611 |
| Sellwood - Moreland | $1,609 |
| Wilkes East | $1,605 |
| Multnomah | $1,602 |
| Sunnyside | $1,597 |
| Gresham Pleasant Valley | $1,584 |
| Reed | $1,584 |
| Richmond | $1,582 |
| Rose City Park | $1,581 |
| East Centennial | $1,578 |
| North Central Gresham | $1,577 |
| Wilkes | $1,569 |
| Hillsdale | $1,565 |
| Irvington | $1,565 |
| Central Gresham City | $1,554 |
| Hosford - Abernethy | $1,543 |
| Northeast Gresham | $1,542 |
| Overlook | $1,540 |
| Hollywood | $1,521 |
| Mount Tabor | $1,506 |
| Parkrose Heights | $1,505 |
| West Portland Park | $1,498 |
| North Tabor - Center | $1,494 |
| Bridlemile | $1,489 |
| Argay | $1,486 |
| Cathedral Park | $1,480 |
| Rockwood | $1,467 |
| St. Johns | $1,461 |
| Homestead | $1,459 |
| West Centennial | $1,387 |
| Mill Park | $1,379 |
| Hazelwood | $1,371 |
| Lents | $1,361 |
| South Tabor | $1,330 |
| Powellhurst - Gilbert | $1,321 |
| Glenfair | $1,320 |
| Old Town Portland - Chinatown | $1,303 |
| Parkrose | $1,228 |
| Portland Heights | $1,046 |
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Portland | Rent Comparison by Neighborhood
Rent in Argay is 13% lower than in Beaumont - Wilshire
$1,486
Argay rent is 13% lower than Portland average
Average Rent
$1,486
$1,714
Beaumont - Wilshire rent is 1% higher than Portland average
Average Rent
$1,714
How Portland Compares to Other Cities
| City | Average Rent |
|---|---|
| Portland | $1,702 |
| Beaverton | $1,737 |
| Eugene | $1,861 |
| Hillsboro | $1,823 |
| Gresham | $1,619 |
| Salem | $1,476 |
| Tigard | $1,691 |
| Bend | $1,920 |
| Happy Valley | $1,858 |
| Corvallis | $1,984 |
| Milwaukie | $1,694 |
| Vancouver, WA | $1,737 |
| Wilsonville, OR | $1,783 |
| Lake Oswego | $1,992 |
| Oregon City | $1,761 |
| Fairview, OR | $1,740 |
| Tualatin | $1,717 |
| Washougal, WA | $2,051 |
| Canby, OR | $1,586 |
| Cornelius, OR | $1,406 |
| West Linn, OR | $2,033 |
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 Portland 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.