Average Rent in 97202, Portland, OR

Current Versus Historical 97202, Portland, OR Rents

97202 rentals average $1,125 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,495, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $428 (-27.54%) year-over-year from $1,553 to $1,125. 1-bedroom rentals prices have decreased by $152 (-9.77%) year-over-year from $1,552 to $1,400. 2-bedroom rentals prices have decreased by $215 (-11.44%) year-over-year from $1,880 to $1,665. 3-bedroom rentals prices have increased by $399 (16.59%) year-over-year from $2,402 to $2,800. 4-bedroom rentals prices have decreased by $348 (-10.43%) year-over-year from $3,338 to $2,990. 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 15.22% this month. 1-bedroom rents have gone down by 2.83% this month. 2-bedroom rents have gone down by 11.55% this month. 3-bedroom rents have gone up by 2.35% this month. 4-bedroom rents have gone down by 3.34% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.06	$1,125	$1,553 (-27.54%)	$1,486 (-24.27%)
1 BR	$2.52	$1,400	$1,552 (-9.77%)	$1,310 (6.87%)
2 BR	$2.11	$1,665	$1,880 (-11.44%)	$1,662 (0.20%)
3 BR	$2.13	$2,800	$2,402 (16.59%)	$2,478 (12.98%)

Historical Rents in 97202, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 97202

There are a total of 5 cities nearby 97202. The average rent in 97202 is currently $1,595 per month. A total of 2 cities nearby have an average rent lower than that. 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 97202, Portland, OR is Hillsboro, OR. Monthly rents here are on average $2,100 per month.

Let's compare 97202, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in 97202, Portland, OR is 15.78% more expensive than other cities nearby. One bedrooms are about 1.43% more expensive. Two bedrooms in 97202, Portland, OR are about 2.21% more affordable. Finally, rent for three bedrooms are about 1.24% more expensive. Want more information? Check out the top 5 cities near 97202, 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 97202

There are a total of 1 neighborhoods in or near 97202. We've included all of these top 1 neighborhoods in or near 97202, Portland, OR in the following chart.

The average rent for these 1 neighborhoods in or near 97202, 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 97202, 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 97202. 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 97202

There are a total of 1 counties located by 97202, 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. A total of 1 counties have a lower average rent. 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 97202, Portland, OR.

Typically, rent for studios in 97202, Portland, OR is 2.22% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 97202, Portland, OR is on par with the other counties nearby. Finally, rent for two bedrooms in 97202, Portland, OR is 0.96% more affordable 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 97202

There are a total of 7 zipcodes in or near 97202, Portland, OR. The average rent for all of these zipcodes is $1,395. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 97201, Portland, OR at $1,325 per month. In comparison, the zipcode with the most expensive average rent of $1,595 per month is 98661, Vancouver, WA.

Studios in these zipcodes have an average rent of $1,125. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 97202, Portland, OR is $1,375 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,895 per month. Which comes out to $2 per sqft. The following chart includes the top 7 zipcodes in 97202, 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
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
97201, Portland, OR	$1,000	$1,375	$2,245	$1,325

Frequently Asked Questions - 97202 Average Rents

What is the average rent price in 97202, Portland, OR?

The average monthly rental price for 97202, Portland, OR apartments for rent is approximately $1,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 97202, 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 97202, Portland, OR.

How much is a studio apartment in 97202, Portland, OR?

The average monthly rental price for studio apartments is $1,125 and an average price per square feet of $3.06. There are a total of 14 studio apartment listings currently available for rent in 97202.

How much is a one bedroom apartment in 97202, Portland, OR?

The average monthly rental price for one bedroom apartments is $1,395 and an average price per square feet of $2.52. There are a total of 35 one bedroom apartment listings currently available for rent in 97202.

How much is a two bedroom apartment in 97202, Portland, OR?

The average monthly rental price for two bedroom apartments is $1,610 and an average price per square feet of $2.11. There are a total of 34 two bedroom apartment listings currently available for rent in 97202.

How have rent prices in 97202, Portland, OR changed this year?

Rent prices for rentals in 97202, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.28%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.11%, and three bedroom rental prices have changed by 0.17% year-over-year.

What is a reasonable rent price in 97202, Portland, OR?

A reasonable rent price in 97202, Portland, OR is around $1,196/month. You can search for these reasonably priced rental listings on RentHop.