Average Rent in Neighbors West - Northwest, Portland, OR

Current Versus Historical Neighbors West - Northwest, Portland, OR Rents

Neighbors West - Northwest rentals average $1,109 for a studio rental to $0 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 fallen substantiallyover the last year. Studio rentals prices have decreased by $151 (-12.11%) year-over-year from $1,246 to $1,095. 1-bedroom rentals prices have decreased by $208 (-12.47%) year-over-year from $1,671 to $1,463. 2-bedroom rentals prices have decreased by $909 (-31.34%) year-over-year from $2,900 to $1,991. 3-bedroom rentals prices have decreased by $583 (-15.02%) year-over-year from $3,882 to $3,299. 4-bedroom rentals prices have decreased by $417 (-8.83%) year-over-year from $4,716 to $4,299. 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 5.90% this month. 1-bedroom rents have gone down by 4.36% this month. 2-bedroom rents have gone down by 18.40% this month. 3-bedroom rents have gone up by 1.01% this month. 4-bedroom rents have gone down by 14.13% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.81 $1,095 $1,246 (-12.11%) $1,173 (-6.64%)
1 BR $2.33 $1,463 $1,671 (-12.47%) $1,484 (-1.46%)
2 BR $2.17 $1,991 $2,900 (-31.34%) $2,329 (-14.51%)
3 BR $1.98 $3,299 $3,882 (-15.02%) $3,743 (-11.86%)

Historical Rents in Neighbors West - Northwest, Portland, OR

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Neighbors West - Northwest

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

Let's compare Neighbors West - Northwest, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Neighbors West - Northwest, Portland, OR is 14.56% more expensive than other cities nearby. One bedrooms are about 5.17% more expensive. Two bedrooms in Neighbors West - Northwest, Portland, OR are about 18.30% more expensive. Finally, rent for three bedrooms are about 12.75% more expensive. Want more information? Check out the top 5 cities near Neighbors West - Northwest, 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 Neighbors West - Northwest

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

The average rent for these 1 neighborhoods in or near Neighbors West - Northwest, 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 Neighbors West - Northwest, 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 Neighbors West - Northwest. 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 Neighbors West - Northwest

There are a total of 1 counties located by Neighbors West - Northwest, 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 Neighbors West - Northwest, Portland, OR.

Typically, rent for studios in Neighbors West - Northwest, Portland, OR is 3.70% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Neighbors West - Northwest, Portland, OR is 3.79% more expensive than other counties nearby. Finally, rent for two bedrooms in Neighbors West - Northwest, Portland, OR is 19.29% 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 $1,150 $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 Neighbors West - Northwest

There are a total of 8 zipcodes in or near Neighbors West - Northwest, Portland, OR. The average rent for all of these zipcodes is $1,395. A total of 2 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 Neighbors West - Northwest, Portland, OR is $1,375 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,820 per month. Which comes out to $2 per sqft. The following chart includes the top 8 zipcodes in Neighbors West - Northwest, Portland, OR. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
97210, Portland, OR $1,195 $1,423 $1,950 $1,395
97217, Portland, OR $1,198 $1,365 $1,895 $1,495
97209, Portland, OR $1,125 $1,525 $2,255 $1,395
97201, Portland, OR $1,000 $1,375 $2,245 $1,325
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
97233, Portland, OR $1,010 $1,150 $1,350 $1,350

Frequently Asked Questions - Neighbors West - Northwest Average Rents

What is the average rent price in Neighbors West - Northwest, Portland, OR?
The average monthly rental price for Neighbors West - Northwest, 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 Neighbors West - Northwest, 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 Neighbors West - Northwest, Portland, OR.
How much is a studio apartment in Neighbors West - Northwest, Portland, OR?
The average monthly rental price for studio apartments is $1,109 and an average price per square feet of $2.81. There are a total of 71 studio apartment listings currently available for rent in Neighbors West - Northwest.
How much is a one bedroom apartment in Neighbors West - Northwest, Portland, OR?
The average monthly rental price for one bedroom apartments is $1,450 and an average price per square feet of $2.33. There are a total of 80 one bedroom apartment listings currently available for rent in Neighbors West - Northwest.
How much is a two bedroom apartment in Neighbors West - Northwest, Portland, OR?
The average monthly rental price for two bedroom apartments is $2,014 and an average price per square feet of $2.17. There are a total of 26 two bedroom apartment listings currently available for rent in Neighbors West - Northwest.
How have rent prices in Neighbors West - Northwest, Portland, OR changed this year?
Rent prices for rentals in Neighbors West - Northwest, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.12%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by -0.31%, and three bedroom rental prices have changed by -0.15% year-over-year.
What is a reasonable rent price in Neighbors West - Northwest, Portland, OR?
A reasonable rent price in Neighbors West - Northwest, Portland, OR is around $1,080/month. You can search for these reasonably priced rental listings on RentHop.
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