Average Rent in Portland, OR

Portland rentals average $0 for a 1-bedroom rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $1,695, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $181 (11.49%) year-over-year from $1,572 to $1,753. 1-bedroom rentals prices have increased by $521 (31.52%) year-over-year from $1,653 to $2,174. 2-bedroom rentals prices have increased by $1,340 (72.00%) year-over-year from $1,862 to $3,202. 3-bedroom rentals prices have increased by $448 (18.65%) year-over-year from $2,400 to $2,848. 4-bedroom rentals prices have decreased by $365 (-11.71%) year-over-year from $3,115 to $2,750. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 12.32% this month. 1-bedroom rents have gone up by 17.15% this month. 2-bedroom rents have gone up by 34.41% this month. 3-bedroom rents have gone up by 9.00% this month. 4-bedroom rents have gone down by 9.51% this month.