Average Rent in 97233, Portland, OR

Current Versus Historical 97233, Portland, OR Rents

97233 rentals average $1,010 for a studio rental to $2,900 for a 4-bedroom rental. The median price of all currently available listings is $1,350, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have decreased by $1 (-0.08%) year-over-year from $1,046 to $1,045. 1-bedroom rentals prices have increased by $63 (5.70%) year-over-year from $1,112 to $1,175. 2-bedroom rentals prices have increased by $53 (4.11%) year-over-year from $1,297 to $1,350. 3-bedroom rentals prices have increased by $607 (30.90%) year-over-year from $1,963 to $2,570. 4-bedroom rentals prices have increased by $253 (9.91%) year-over-year from $2,548 to $2,800. 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 2.56% this month. 1-bedroom rents have gone up by 0.71% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 13.63% this month. 4-bedroom rents have gone down by 4.52% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.56	$1,045	$1,046 (-0.08%)	$1,331 (-21.47%)
1 BR	$2.01	$1,175	$1,112 (5.70%)	$950 (23.68%)
2 BR	$1.60	$1,350	$1,297 (4.11%)	$1,215 (11.11%)
3 BR	$1.73	$2,570	$1,963 (30.90%)	$1,524 (68.62%)
4+ BR	$1.18	$2,800	$2,548 (9.91%)	$1,161 (141.12%)

Historical Rents in 97233, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 97233

There are a total of 5 cities nearby 97233. The average rent in 97233 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 97233, Portland, OR is Hillsboro, OR. Monthly rents here are on average $2,100 per month.

Let's compare 97233, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in 97233, Portland, OR is 6.19% more expensive than other cities nearby. One bedrooms are about 19.57% more affordable. Two bedrooms in 97233, Portland, OR are about 21.85% more affordable. Finally, rent for three bedrooms are about 7.71% more expensive. Want more information? Check out the top 5 cities near 97233, 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 97233

There are a total of 1 neighborhoods in or near 97233. We've included all of these top 1 neighborhoods in or near 97233, Portland, OR in the following chart.

The average rent for these 1 neighborhoods in or near 97233, 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 97233, 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 97233. 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 97233

There are a total of 1 counties located by 97233, 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 97233, Portland, OR.

Typically, rent for studios in 97233, Portland, OR is 13.86% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 97233, Portland, OR is 21.30% more affordable than other counties nearby. Finally, rent for two bedrooms in 97233, Portland, OR is 20.37% 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 97233

There are a total of 7 zipcodes in or near 97233, Portland, OR. The average rent for all of these zipcodes is $1,395.

The following chart includes the top 7 zipcodes in 97233, 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
98661, Vancouver, WA	N/A	$1,198	$1,550	$1,595
97209, Portland, OR	$1,125	$1,525	$2,255	$1,395
97210, Portland, OR	$1,195	$1,423	$1,950	$1,395
97201, Portland, OR	$1,000	$1,375	$2,245	$1,325

Frequently Asked Questions - 97233 Average Rents

What is the average rent price in 97233, Portland, OR?

The average monthly rental price for 97233, Portland, OR apartments for rent is approximately $1,350. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 97233, 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 97233, Portland, OR.

How much is a studio apartment in 97233, Portland, OR?

The average monthly rental price for studio apartments is $1,010 and an average price per square feet of $2.56. There are a total of 4 studio apartment listings currently available for rent in 97233.

How much is a one bedroom apartment in 97233, Portland, OR?

The average monthly rental price for one bedroom apartments is $1,150 and an average price per square feet of $2.01. There are a total of 15 one bedroom apartment listings currently available for rent in 97233.

How much is a two bedroom apartment in 97233, Portland, OR?

The average monthly rental price for two bedroom apartments is $1,350 and an average price per square feet of $1.60. There are a total of 28 two bedroom apartment listings currently available for rent in 97233.

How have rent prices in 97233, Portland, OR changed this year?

Rent prices for rentals in 97233, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.31% year-over-year.

What is a reasonable rent price in 97233, Portland, OR?

A reasonable rent price in 97233, Portland, OR is around $1,080/month. You can search for these reasonably priced rental listings on RentHop.