Average Rent in 97201, Portland, OR

Current Versus Historical 97201, Portland, OR Rents

97201 rentals average $1,000 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,325, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $360 (-25.02%) year-over-year from $1,438 to $1,078. 1-bedroom rentals prices have decreased by $462 (-26.96%) year-over-year from $1,712 to $1,250. 2-bedroom rentals prices have decreased by $856 (-30.64%) year-over-year from $2,793 to $1,938. 3-bedroom rentals prices have decreased by $843 (-22.52%) year-over-year from $3,743 to $2,900. 4-bedroom rentals prices have decreased by $1,333 (-26.76%) year-over-year from $4,983 to $3,650. 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 down by 13.05% this month. 1-bedroom rents have gone down by 14.50% this month. 2-bedroom rents have gone down by 15.60% this month. 3-bedroom rents have gone down by 19.13% this month. 4-bedroom rents have gone down by 53.70% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.80	$1,078	$1,438 (-25.02%)	$1,232 (-12.52%)
1 BR	$2.10	$1,250	$1,712 (-26.96%)	$1,433 (-12.76%)
2 BR	$2.29	$1,938	$2,793 (-30.64%)	$2,249 (-13.86%)

Historical Rents in 97201, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 97201

There are a total of 5 cities nearby 97201. The average rent in 97201 is currently $1,595 per month. Our records show that Gresham, OR, with an average rent of $1,450, is the most affordable city nearby. In contrast, the most expensive city near 97201, Portland, OR is Hillsboro, OR. Monthly rents here are on average $2,100 per month.

Let's compare 97201, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in 97201, Portland, OR is 5.25% more expensive than other cities nearby. One bedrooms are about 0.04% more affordable. Two bedrooms in 97201, Portland, OR are about 26.73% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 5 cities near 97201, Portland, OR in the following chart.

City	Studio	1 Bed	2 Bed	All
Gresham, OR	$948	$1,195	$1,495	$1,450
Portland, OR	$1,150	$1,375	$1,645	$1,475
Vancouver, WA	$1,238	$1,395	$1,550	$1,595
Beaverton, OR	N/A	$1,350	$1,695	$1,600
Hillsboro, OR	N/A	$1,450	$1,750	$2,100

Top Neighborhoods Near 97201

There are a total of 1 neighborhoods in or near 97201. We've included all of these top 1 neighborhoods in or near 97201, Portland, OR in the following chart.

The average rent for these 1 neighborhoods in or near 97201, Portland, OR is currently around $1,299 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near 97201, Northwest District has the most affordable average rent at $1,299 per month. Whereas, at $1,299 average rent per month, Northwest District is the most expensive neighborhood in or near 97201. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Northwest District, Portland, OR	$1,150	$1,412	$1,923	$1,299

Top Counties Near 97201

There are a total of 1 counties located by 97201, Portland, OR. Some of these counties include Multnomah, OR, Clark, WA, and Washington, OR. The average rent for rentals in these counties is $1,730. That's roughly around $2 per sqft. The county that is the most affordable is Multnomah, OR. It's average rent per month is $1,495. Vice versa, with an average rent of $2,002, Washington, OR is the most expensive county by 97201, Portland, OR.

Typically, rent for studios in 97201, Portland, OR is 15.00% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 97201, Portland, OR is 1.49% more affordable than other counties nearby. Finally, rent for two bedrooms in 97201, Portland, OR is 27.62% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Multnomah, OR	$1,150	$1,358	$1,625	$1,495
Clark, WA	$1,295	$1,395	$1,595	$1,730
Washington, OR	$663	$1,395	$1,695	$2,002

Top Zipcodes Near 97201

There are a total of 7 zipcodes in or near 97201, Portland, OR. The average rent for all of these zipcodes is $1,395.

The following chart includes the top 7 zipcodes in 97201, Portland, OR. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
97217, Portland, OR	$1,198	$1,365	$1,895	$1,495
97214, Portland, OR	$1,200	$1,375	$1,745	$1,385
97202, Portland, OR	$1,125	$1,395	$1,610	$1,495
97209, Portland, OR	$1,125	$1,525	$2,255	$1,395
98661, Vancouver, WA	N/A	$1,198	$1,550	$1,595
97210, Portland, OR	$1,195	$1,423	$1,950	$1,395
97233, Portland, OR	$1,010	$1,150	$1,350	$1,350

Frequently Asked Questions - 97201 Average Rents

What is the average rent price in 97201, Portland, OR?

The average monthly rental price for 97201, Portland, OR apartments for rent is approximately $1,325. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 97201, Portland, OR rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 97201, Portland, OR.

How much is a studio apartment in 97201, Portland, OR?

The average monthly rental price for studio apartments is $1,000 and an average price per square feet of $2.80. There are a total of 15 studio apartment listings currently available for rent in 97201.

How much is a one bedroom apartment in 97201, Portland, OR?

The average monthly rental price for one bedroom apartments is $1,375 and an average price per square feet of $2.10. There are a total of 24 one bedroom apartment listings currently available for rent in 97201.

How much is a two bedroom apartment in 97201, Portland, OR?

The average monthly rental price for two bedroom apartments is $2,245 and an average price per square feet of $2.29. There are a total of 11 two bedroom apartment listings currently available for rent in 97201.

How have rent prices in 97201, Portland, OR changed this year?

Rent prices for rentals in 97201, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.25%, one bedroom rental prices have changed by -0.27%, two bedroom rental prices have changed by -0.31%, and three bedroom rental prices have changed by -0.23% year-over-year.

What is a reasonable rent price in 97201, Portland, OR?

A reasonable rent price in 97201, Portland, OR is around $1,060/month. You can search for these reasonably priced rental listings on RentHop.