Average Rent in Northwest District, Portland, OR

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Current Versus Historical Northwest District, Portland, OR Rents

Northwest District rentals average $1,150 for a studio rental to $2,448 for a 3-bedroom rental. The median price of all currently available listings is $1,299, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $30 (-2.61%) year-over-year from $1,150 to $1,120. 1-bedroom rentals prices have decreased by $58 (-3.80%) year-over-year from $1,533 to $1,475. 2-bedroom rentals prices have decreased by $108 (-5.30%) year-over-year from $2,030 to $1,923. 3-bedroom rentals prices have decreased by $877 (-23.21%) year-over-year from $3,777 to $2,900. 4-bedroom rentals prices have decreased by $1,003 (-19.68%) year-over-year from $5,098 to $4,095. 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 0.60% this month. 1-bedroom rents have gone down by 1.06% this month. 2-bedroom rents have gone down by 12.91% this month. 3-bedroom rents have gone down by 8.65% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.94	$1,120	$1,150 (-2.61%)	$990 (13.15%)
1 BR	$2.46	$1,475	$1,533 (-3.80%)	$1,331 (10.83%)
2 BR	$2.23	$1,923	$2,030 (-5.30%)	$1,978 (-2.82%)
3 BR	$1.87	$2,900	$3,777 (-23.21%)	$2,861 (1.36%)

Historical Rents in Northwest District, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Northwest District

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

Let's compare Northwest District, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Northwest District, Portland, OR is 17.61% more expensive than other cities nearby. One bedrooms are about 2.62% more expensive. Two bedrooms in Northwest District, Portland, OR are about 14.43% more expensive. Finally, rent for three bedrooms are about 2.15% more expensive. Want more information? Check out the top 5 cities near Northwest District, 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 Northwest District

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Northwest District

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 Northwest District, Portland, OR.

Typically, rent for studios in Northwest District, Portland, OR is on par with the other counties nearby. In comparison, rent for one bedroom listings in Northwest District, Portland, OR is 1.20% more expensive than other counties nearby. Finally, rent for two bedrooms in Northwest District, Portland, OR is 15.47% 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 Northwest District

There are a total of 8 zipcodes in or near Northwest District, Portland, OR. The average rent for all of these zipcodes is $1,395.

The following chart includes the top 8 zipcodes in Northwest District, Portland, OR. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
97209, Portland, OR	$1,125	$1,525	$2,255	$1,395
97201, Portland, OR	$1,000	$1,375	$2,245	$1,325
97210, Portland, OR	$1,195	$1,423	$1,950	$1,395
97214, Portland, OR	$1,200	$1,375	$1,745	$1,385
97217, Portland, OR	$1,198	$1,365	$1,895	$1,495
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 - Northwest District Average Rents

What is the average rent price in Northwest District, Portland, OR?

The average monthly rental price for Northwest District, Portland, OR apartments for rent is approximately $1,299. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Northwest District, 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 Northwest District, Portland, OR.

How much is a studio apartment in Northwest District, Portland, OR?

The average monthly rental price for studio apartments is $1,150 and an average price per square feet of $2.94. There are a total of 45 studio apartment listings currently available for rent in Northwest District.

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

The average monthly rental price for one bedroom apartments is $1,412 and an average price per square feet of $2.46. There are a total of 38 one bedroom apartment listings currently available for rent in Northwest District.

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

The average monthly rental price for two bedroom apartments is $1,923 and an average price per square feet of $2.23. There are a total of 8 two bedroom apartment listings currently available for rent in Northwest District.

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

Rent prices for rentals in Northwest District, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.03%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by -0.23% year-over-year.

What is a reasonable rent price in Northwest District, Portland, OR?

A reasonable rent price in Northwest District, Portland, OR is around $1,039/month. You can search for these reasonably priced rental listings on RentHop.