The Pearl, Portland, OR Rental Market Trends
Last updated: April 12, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in The Pearl is $2,099, a 1.06% decrease compared to the previous year, when the average rent was $2,121.
Studio Apartments at $1,508 offer the most budget-friendly option with 507 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 709 square feet for $1,942, balancing privacy and affordability.
Two-beedroom units at $2,994 offer 1,106 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,353 sq ft) for $4,201, suitable for larger households.
Average rent in The Pearl, Portland, OR
Last updated: April 12, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,099 | 762 sq. ft. |
| Studio | $1,508 | 507 sq. ft. |
| 1 Bed | $1,942 | 709 sq. ft. |
| 2 Beds | $2,994 | 1,106 sq. ft. |
| 3 Beds | $4,201 | 1,353 sq. ft. |
The Pearl, Portland, OR rent trends
Rental prices in The Pearl, Portland, OR have decreased by 1.06% over the past year. The average rent moved from $2,121 to $2,099.
What's the typical rent budget in The Pearl, Portland, OR?
The largest share of rentals in The Pearl, Portland, OR (48%) 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?
Portland Heights $1,173/month
Parkrose $1,178/month
South Tabor $1,228/month
All of these neighborhoods fall below the city wide average of $1,707/month.Most expensive neighborhoods in The Pearl?
Downtown Portland $1,937/month
South Waterfont $2,009/month
The Pearl $2,099/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 | $2,099 |
| South Waterfont | $2,009 |
| Downtown Portland | $1,937 |
| Hayden Island | $1,907 |
| Nob Hill - Northwest District | $1,829 |
| Boise | $1,820 |
| Southwest Gresham | $1,819 |
| Mount Scott North | $1,807 |
| Northwest Gresham | $1,788 |
| Bridgeton | $1,741 |
| Sullivan's Gulch | $1,741 |
| Buckman | $1,735 |
| Goose Hollow | $1,721 |
| Corbett - Terwilliger - Lair Hill | $1,721 |
| Madison South | $1,672 |
| Beaumont - Wilshire | $1,665 |
| Mount Hood | $1,660 |
| Lloyd District | $1,659 |
| Kerns | $1,658 |
| North Tabor - Center | $1,646 |
| Hollybrook | $1,642 |
| Portsmouth | $1,622 |
| West Portland Park | $1,618 |
| Sunnyside | $1,613 |
| Rose City Park | $1,596 |
| Richmond | $1,596 |
| Eliot | $1,591 |
| Parkrose Heights | $1,590 |
| East Centennial | $1,587 |
| Powell Valley | $1,586 |
| Multnomah | $1,573 |
| Central Gresham City | $1,570 |
| Sellwood - Moreland | $1,567 |
| Hillsdale | $1,563 |
| Wilkes East | $1,562 |
| Reed | $1,555 |
| Hollywood | $1,554 |
| Creston - Kenilworth | $1,552 |
| North Central Gresham | $1,546 |
| Gresham Pleasant Valley | $1,539 |
| Overlook | $1,534 |
| Hosford - Abernethy | $1,530 |
| Wilkes | $1,522 |
| Mount Tabor | $1,506 |
| Kelly Creek | $1,499 |
| Northeast Gresham | $1,493 |
| Old Town Portland - Chinatown | $1,491 |
| Bridlemile | $1,489 |
| Irvington | $1,487 |
| Cathedral Park | $1,486 |
| Argay | $1,482 |
| St. Johns | $1,467 |
| Homestead | $1,456 |
| Hazelwood | $1,449 |
| West Centennial | $1,446 |
| Lents | $1,445 |
| Rockwood | $1,434 |
| Mill Park | $1,400 |
| Glenfair | $1,349 |
| Powellhurst - Gilbert | $1,338 |
| South Tabor | $1,228 |
| Parkrose | $1,178 |
| Portland Heights | $1,173 |
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Portland | Rent Comparison by Neighborhood
Rent in The Pearl is 42% higher than in Argay
$2,099
The Pearl rent is the same as Portland average
Average Rent
$2,099
$1,482
Argay rent is 29% lower than Portland average
Average Rent
$1,482
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.