Average Rent in Multnomah, OR

Current Versus Historical Multnomah, OR Rents

Multnomah rentals average $1,150 for a studio rental to $3,240 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 fallen substantiallyover the last year. Studio rentals prices have decreased by $316 (-19.79%) year-over-year from $1,596 to $1,280. 1-bedroom rentals prices have decreased by $408 (-22.58%) year-over-year from $1,808 to $1,400. 2-bedroom rentals prices have decreased by $303 (-15.53%) year-over-year from $1,953 to $1,650. 3-bedroom rentals prices have increased by $136 (5.74%) year-over-year from $2,363 to $2,499. 4-bedroom rentals prices have increased by $184 (5.94%) year-over-year from $3,089 to $3,273. 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 13.77% this month. 1-bedroom rents have gone down by 13.56% this month. 2-bedroom rents have gone down by 10.65% this month. 3-bedroom rents have gone up by 0.71% this month. 4-bedroom rents have gone up by 4.81% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.95	$1,280	$1,596 (-19.79%)	$1,414 (-9.47%)
1 BR	$2.34	$1,400	$1,808 (-22.58%)	$1,529 (-8.46%)
2 BR	$1.90	$1,650	$1,953 (-15.53%)	$1,723 (-4.26%)
3 BR	$1.81	$2,499	$2,363 (5.74%)	$2,187 (14.28%)
4+ BR	$1.60	$3,273	$3,089 (5.94%)	$2,881 (13.58%)

Historical Rents in Multnomah, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Multnomah

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

Let's compare Multnomah, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Multnomah, OR is 17.61% more expensive than other cities nearby. One bedrooms are about 1.29% more affordable. Two bedrooms in Multnomah, OR are about 1.23% more affordable. Finally, rent for three bedrooms are about 4.18% more expensive. Want more information? Check out the top 5 cities near Multnomah, 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 Multnomah

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

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

There are a total of 1 counties located by Multnomah, OR. Some of these counties include Clark, WA, Washington, OR, and Clackamas, OR. The average rent for rentals in these counties is $2,002. That's roughly around $2 per sqft. The county that is the most affordable is Clark, WA. It's average rent per month is $1,730. Vice versa, with an average rent of $2,036, Clackamas, OR is the most expensive county by Multnomah, OR.

Typically, rent for studios in Multnomah, OR is 0.43% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Multnomah, OR is 2.76% more affordable than other counties nearby. Finally, rent for two bedrooms in Multnomah, OR is 4.31% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Clark, WA	$1,295	$1,395	$1,595	$1,730
Washington, OR	$663	$1,395	$1,695	$2,002
Clackamas, OR	$1,145	$1,424	$1,816	$2,036

Top Zipcodes Near Multnomah

There are a total of 8 zipcodes in or near Multnomah, 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 $1,325 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 Multnomah, OR is $1,375 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,820 per month. Which comes out to $2 per sqft. The following chart includes the top 8 zipcodes in Multnomah, 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
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 - Multnomah Average Rents

What is the average rent price in Multnomah, OR?

The average monthly rental price for Multnomah, 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 Multnomah, 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 Multnomah, OR.

How much is a studio apartment in Multnomah, OR?

The average monthly rental price for studio apartments is $1,150 and an average price per square feet of $2.95. There are a total of 175 studio apartment listings currently available for rent in Multnomah.

How much is a one bedroom apartment in Multnomah, OR?

The average monthly rental price for one bedroom apartments is $1,358 and an average price per square feet of $2.34. There are a total of 386 one bedroom apartment listings currently available for rent in Multnomah.

How much is a two bedroom apartment in Multnomah, OR?

The average monthly rental price for two bedroom apartments is $1,625 and an average price per square feet of $1.90. There are a total of 371 two bedroom apartment listings currently available for rent in Multnomah.

How have rent prices in Multnomah, OR changed this year?

Rent prices for rentals in Multnomah, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.20%, one bedroom rental prices have changed by -0.23%, two bedroom rental prices have changed by -0.16%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Multnomah, OR?

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