Average Rent in East Portland, Portland, OR

Current Versus Historical East Portland, Portland, OR Rents

East Portland rentals average $980 for a studio rental to $2,900 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 risen over the last year. Studio rentals prices have decreased by $33 (-3.24%) year-over-year from $1,028 to $995. 1-bedroom rentals prices have increased by $94 (7.99%) year-over-year from $1,178 to $1,273. 2-bedroom rentals prices have increased by $33 (2.28%) year-over-year from $1,462 to $1,495. 3-bedroom rentals prices have increased by $184 (8.72%) year-over-year from $2,111 to $2,295. 4-bedroom rentals prices have increased by $13 (0.47%) year-over-year from $2,862 to $2,875. 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 6.28% this month. 1-bedroom rents have gone up by 0.13% this month. 2-bedroom rents have gone up by 0.39% this month. 3-bedroom rents have gone up by 3.61% this month. 4-bedroom rents have gone up by 1.84% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.44	$995	$1,028 (-3.24%)	$725 (37.34%)
1 BR	$2.01	$1,273	$1,178 (7.99%)	$1,031 (23.46%)
2 BR	$1.74	$1,495	$1,462 (2.28%)	$1,256 (19.04%)
3 BR	$1.70	$2,295	$2,111 (8.72%)	$1,841 (24.67%)
4+ BR	$1.42	$2,875	$2,862 (0.47%)	$1,928 (49.16%)

Historical Rents in East Portland, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near East Portland

There are a total of 5 cities nearby East Portland. The average rent in East Portland 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 $1,445, is the most affordable city nearby. In contrast, the most expensive city near East Portland, Portland, OR is Hillsboro, OR. Monthly rents here are on average $2,100 per month.

Let's compare East Portland, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in East Portland, Portland, OR is 3.32% more expensive than other cities nearby. One bedrooms are about 14.58% more affordable. Two bedrooms in East Portland, Portland, OR are about 8.70% more affordable. Finally, rent for three bedrooms are about 4.36% more affordable. Want more information? Check out the top 5 cities near East Portland, Portland, OR in the following chart.

City	Studio	1 Bed	2 Bed	All
Gresham, OR	$948	$1,195	$1,473	$1,445
Portland, OR	$1,150	$1,375	$1,625	$1,475
Vancouver, WA	$1,238	$1,395	$1,573	$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 East Portland

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

The average rent for these 1 neighborhoods in or near East Portland, 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 East Portland, 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 East Portland. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Northwest District, Portland, OR	$1,150	$1,412	$1,923	$1,297

Top Counties Near East Portland

There are a total of 1 counties located by East Portland, Portland, OR. Some of these counties include Multnomah, OR, Clark, WA, and Washington, OR. The average rent for rentals in these counties is $1,750. 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 $1,475. Vice versa, with an average rent of $2,045, Washington, OR is the most expensive county by East Portland, Portland, OR.

Typically, rent for studios in East Portland, Portland, OR is 17.35% more affordable than other counties nearby. In comparison, rent for one bedroom listings in East Portland, Portland, OR is 16.25% more affordable than other counties nearby. Finally, rent for two bedrooms in East Portland, Portland, OR is 7.86% 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	$1,350	$1,613	$1,475
Clark, WA	$1,295	$1,395	$1,595	$1,750
Washington, OR	$663	$1,395	$1,695	$2,045

Top Zipcodes Near East Portland

There are a total of 9 zipcodes in or near East Portland, Portland, OR. The average rent for all of these zipcodes is $1,395. A total of 7 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 $1,298 per month. In comparison, the zipcode with the most expensive average rent of $1,597 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 East Portland, Portland, OR is $1,375 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,720 per month. Which comes out to $2 per sqft. The following chart includes the top 9 zipcodes in East Portland, Portland, OR. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
97233, Portland, OR	$1,010	$1,150	$1,350	$1,350
97214, Portland, OR	$1,200	$1,375	$1,720	$1,385
97202, Portland, OR	$1,125	$1,395	$1,610	$1,450
97209, Portland, OR	$1,125	$1,525	$2,255	$1,395
97201, Portland, OR	$1,000	$1,322	$2,245	$1,298
98661, Vancouver, WA	N/A	$1,198	$1,573	$1,597
97217, Portland, OR	$1,198	$1,365	$1,895	$1,495
97210, Portland, OR	$1,173	$1,450	$1,950	$1,395
97203, Portland, OR	$1,200	$1,375	$1,625	$1,545

Frequently Asked Questions - East Portland Average Rents

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

The average monthly rental price for East Portland, 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 East 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 East Portland, Portland, OR.

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

The average monthly rental price for studio apartments is $980 and an average price per square feet of $2.44. There are a total of 7 studio apartment listings currently available for rent in East Portland.

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

The average monthly rental price for one bedroom apartments is $1,200 and an average price per square feet of $2.01. There are a total of 33 one bedroom apartment listings currently available for rent in East Portland.

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

The average monthly rental price for two bedroom apartments is $1,495 and an average price per square feet of $1.74. There are a total of 84 two bedroom apartment listings currently available for rent in East Portland.

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

Rent prices for rentals in East Portland, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.03%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.09% year-over-year.

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

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