Average Rent in 97214, Portland, OR

Current Versus Historical 97214, Portland, OR Rents

97214 rentals average $1,200 for a studio rental to $3,523 for a 4-bedroom rental. The median price of all currently available listings is $1,395, 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 $715 (-37.33%) year-over-year from $1,915 to $1,200. 1-bedroom rentals prices have decreased by $725 (-34.20%) year-over-year from $2,120 to $1,395. 2-bedroom rentals prices have decreased by $2,129 (-54.26%) year-over-year from $3,924 to $1,795. 3-bedroom rentals prices have increased by $72 (2.47%) year-over-year from $2,906 to $2,978. 4-bedroom rentals prices have decreased by $213 (-5.65%) year-over-year from $3,763 to $3,550. 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 23.55% this month. 1-bedroom rents have gone down by 22.03% this month. 2-bedroom rents have gone down by 37.52% this month. 3-bedroom rents have gone down by 3.14% this month. 4-bedroom rents have gone down by 1.30% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.77	$1,200	$1,915 (-37.33%)	$1,761 (-31.87%)
1 BR	$2.46	$1,395	$2,120 (-34.20%)	$1,765 (-20.97%)
2 BR	$1.99	$1,795	$3,924 (-54.26%)	$2,787 (-35.60%)
3 BR	$1.41	$2,978	$2,906 (2.47%)	$2,462 (20.95%)
4+ BR	$1.68	$3,550	$3,763 (-5.65%)	$3,106 (14.29%)

Historical Rents in 97214, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 97214

There are a total of 5 cities nearby 97214. The average rent in 97214 is currently $1,595 per month. Our records show that Gresham, OR, with an average rent of $1,445, is the most affordable city nearby. In contrast, the most expensive city near 97214, Portland, OR is Hillsboro, OR. Monthly rents here are on average $2,125 per month.

Let's compare 97214, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in 97214, Portland, OR is 21.04% more expensive than other cities nearby. One bedrooms are about 1.79% more expensive. Two bedrooms in 97214, Portland, OR are about 4.36% more expensive. Finally, rent for three bedrooms are about 15.22% more expensive. Want more information? Check out the top 5 cities near 97214, Portland, OR in the following chart.

City	Studio	1 Bed	2 Bed	All
Gresham, OR	$948	$1,195	$1,473	$1,445
Portland, OR	$1,143	$1,375	$1,645	$1,475
Vancouver, WA	$1,238	$1,370	$1,550	$1,595
Beaverton, OR	N/A	$1,350	$1,695	$1,600
Hillsboro, OR	N/A	$1,450	$1,750	$2,125

Top Neighborhoods Near 97214

There are a total of 1 neighborhoods in or near 97214. We've included all of these top 1 neighborhoods in or near 97214, Portland, OR in the following chart.

The average rent for these 1 neighborhoods in or near 97214, Portland, OR is currently around $1,297 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near 97214, Northwest District has the most affordable average rent at $1,297 per month. Whereas, at $1,297 average rent per month, Northwest District is the most expensive neighborhood in or near 97214. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Northwest District, Portland, OR	$1,138	$1,425	$1,923	$1,297

Top Counties Near 97214

There are a total of 1 counties located by 97214, Portland, OR. Some of these counties include Multnomah, OR, Clark, WA, and Washington, OR. The average rent for rentals in these counties is $1,745. 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 $2,045, Washington, OR is the most expensive county by 97214, Portland, OR.

Typically, rent for studios in 97214, Portland, OR is 4.79% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 97214, Portland, OR is on par with the other counties nearby. Finally, rent for two bedrooms in 97214, Portland, OR is 5.52% 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	$1,143	$1,365	$1,625	$1,495
Clark, WA	$1,285	$1,397	$1,595	$1,745
Washington, OR	$663	$1,395	$1,695	$2,045

Top Zipcodes Near 97214

There are a total of 8 zipcodes in or near 97214, Portland, OR. The average rent for all of these zipcodes is $1,424. A total of 3 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 97214, Portland, OR is $1,370 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,773 per month. Which comes out to $2 per sqft. The following chart includes the top 8 zipcodes in 97214, 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
97202, Portland, OR	$1,125	$1,395	$1,620	$1,450
97209, Portland, OR	$1,125	$1,538	$2,255	$1,397
98661, Vancouver, WA	N/A	$1,198	$1,550	$1,595
97210, Portland, OR	$1,150	$1,450	$1,950	$1,395
97203, Portland, OR	$1,200	$1,375	$1,650	$1,572
97233, Portland, OR	$1,010	$1,150	$1,350	$1,350
97201, Portland, OR	$1,000	$1,322	$2,245	$1,325

Frequently Asked Questions - 97214 Average Rents

What is the average rent price in 97214, Portland, OR?

The average monthly rental price for 97214, Portland, OR apartments for rent is approximately $1,395. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 97214, 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 97214, Portland, OR.

How much is a studio apartment in 97214, Portland, OR?

The average monthly rental price for studio apartments is $1,200 and an average price per square feet of $2.77. There are a total of 19 studio apartment listings currently available for rent in 97214.

How much is a one bedroom apartment in 97214, Portland, OR?

The average monthly rental price for one bedroom apartments is $1,395 and an average price per square feet of $2.46. There are a total of 40 one bedroom apartment listings currently available for rent in 97214.

How much is a two bedroom apartment in 97214, Portland, OR?

The average monthly rental price for two bedroom apartments is $1,720 and an average price per square feet of $1.99. There are a total of 14 two bedroom apartment listings currently available for rent in 97214.

How have rent prices in 97214, Portland, OR changed this year?

Rent prices for rentals in 97214, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.37%, one bedroom rental prices have changed by -0.34%, two bedroom rental prices have changed by -0.54%, and three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in 97214, Portland, OR?

A reasonable rent price in 97214, Portland, OR is around $1,116/month. You can search for these reasonably priced rental listings on RentHop.