Average Rent in Downtown Portland, Portland, OR

Home » OR » Portland » Downtown Portland

Current Versus Historical Downtown Portland, Portland, OR Rents

Downtown Portland rentals average $1,050 for a studio rental to $1,250 for a 1-bedroom rental. The median price of all currently available listings is $1,150, or roughly $31 per square feet.

For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $420 (-28.57%) year-over-year from $1,470 to $1,050. 1-bedroom rentals prices have decreased by $441 (-26.06%) year-over-year from $1,691 to $1,250. 2-bedroom rentals prices have increased by $319 (11.23%) year-over-year from $2,837 to $3,156. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $5,552 to $5,552. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $4,200 to $4,200. 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 3.70% this month. 1-bedroom rents have gone up by 2.74% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$31.50	$1,050	$1,470 (-28.57%)	$1,429 (-26.54%)
1 BR	$29.33	$1,250	$1,691 (-26.06%)	$1,724 (-27.49%)

Historical Rents in Downtown Portland, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Portland

There are a total of 2 cities nearby Downtown Portland. The average rent in Downtown Portland is currently $2,043 per month. Our records show that Portland, OR, with an average rent of $1,685, is the most affordable city nearby. In contrast, the most expensive city near Downtown Portland, Portland, OR is Mount Vista, WA. Monthly rents here are on average $2,401 per month.

Let's compare Downtown Portland, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Portland, Portland, OR is 42.86% more expensive than other cities nearby. One bedrooms are about 49.56% more affordable. Want more information? Check out the top 2 cities near Downtown Portland, Portland, OR in the following table.

City	Studio	1 Bed	2 Bed	All
Portland, OR	$1,200	$1,425	$1,795	$1,685
Mount Vista, WA	N/A	$2,314	$2,520	$2,401

Top Neighborhoods Near Downtown Portland

There are a total of 2 neighborhoods in or near Downtown Portland. Some of these neighborhoods include Fisher's Landing East and Kerns. We've included all of these top 2 neighborhoods in or near Downtown Portland, Portland, OR in the following table.

The average rent for these 2 neighborhoods in or near Downtown Portland, Portland, OR is currently around $2,035 per month. Interestingly, the neighborhoods' average rent is higher than Downtown Portland's average rent, which is only $1,150. Out of all the neighborhoods in or near Downtown Portland, Fisher's Landing East has the most affordable average rent at $1,918 per month. Whereas, at $2,152 average rent per month, Kerns is the most expensive neighborhood in or near Downtown Portland. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Fisher's Landing East, Vancouver, WA	N/A	$1,918	$2,819	$1,918
Kerns, Portland, OR	$1,794	$2,193	$3,477	$2,152

Top Counties Near Downtown Portland

There are a total of 1 counties located by Downtown Portland, Portland, OR. One county in the area is Multnomah, OR. The average rent for rentals in these counties is $1,650. That's roughly around $24 per sqft. The county that is the most affordable is Multnomah, OR. Its average rent per month is $1,650. Vice versa, with an average rent of $1,650, Multnomah, OR is the most expensive county by Downtown Portland, Portland, OR.

Typically, rent for studios in Downtown Portland, Portland, OR is 14.29% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Portland, Portland, OR is 12.00% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Multnomah, OR	$1,200	$1,400	$1,595	$1,650

Top Zipcodes Near Downtown Portland

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Downtown Portland Average Rents

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

The average monthly rental price for Downtown Portland, Portland, OR apartments for rent is approximately $1,150. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Portland, 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 Downtown Portland, Portland, OR.

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

The average monthly rental price for studio apartments is $1,050 and an average price per square feet of $31.50. There are a total of 3 studio apartment listings currently available for rent in Downtown Portland.

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

The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $29.33. There are a total of 6 one bedroom apartment listings currently available for rent in Downtown Portland.

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

Rent prices for rentals in Downtown Portland, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.29%, one bedroom rental prices have changed by -0.26%, two bedroom rental prices have changed by 0.11%, three bedroom rental prices have changed by 0.00% year-over-year.

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

A reasonable rent price in Downtown Portland, Portland, OR is around $920/month. You can search for these reasonably priced rental listings on RentHop.