Average Rent in Oregon

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Current Versus Historical Oregon Rents

Oregon rentals average $1,095 for a studio rental to $2,997 for a 4-bedroom rental. The median price of all currently available listings is $1,549, 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 $336 (-21.19%) year-over-year from $1,586 to $1,250. 1-bedroom rentals prices have decreased by $336 (-20.24%) year-over-year from $1,661 to $1,325. 2-bedroom rentals prices have decreased by $33 (-2.07%) year-over-year from $1,608 to $1,575. 3-bedroom rentals prices have increased by $98 (4.33%) year-over-year from $2,253 to $2,350. 4-bedroom rentals prices have increased by $38 (1.30%) year-over-year from $2,957 to $2,995. 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 9.13% this month. 2-bedroom rents have gone down by 1.97% this month. 3-bedroom rents have gone up by 4.44% this month. 4-bedroom rents have gone down by 0.06% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.84 $1,250 $1,586 (-21.19%) $1,277 (-2.10%)
1 BR $2.20 $1,325 $1,661 (-20.24%) $1,398 (-5.22%)
2 BR $1.76 $1,575 $1,608 (-2.07%) $1,401 (12.39%)
3 BR $1.65 $2,350 $2,253 (4.33%) $1,917 (22.61%)
4+ BR $1.39 $2,995 $2,957 (1.30%) $2,615 (14.55%)

Historical Rents in Oregon

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Oregon

There are a total of 38 cities nearby Oregon. The average rent in Oregon is currently $1,595 per month. A total of 17 cities nearby have an average rent lower than that. Our records show that Yakima, WA, with an average rent of $995, is the most affordable city nearby. In contrast, the most expensive city near Oregon is Bellevue, WA. Monthly rents here are on average $3,263 per month.

Let's compare Oregon's rent against other top cities nearby by bedroom size. Typically, rent for studios in Oregon is 6.62% more expensive than other cities nearby. One bedrooms are about 2.61% more expensive. Two bedrooms in Oregon are on par with the other cities nearby. Finally, rent for three bedrooms are about 3.17% more expensive. Want more information? Check out the top 10 cities out of 38 total cities near Oregon in the following chart.
City Studio 1 Bed 2 Bed All
Salem, OR $1,050 $1,098 $1,395 $1,325
Springfield, OR $723 $1,023 $1,473 $1,395
Gresham, OR $948 $1,195 $1,495 $1,450
Portland, OR $1,150 $1,375 $1,645 $1,475
Albany, OR $580 $1,273 $1,475 $1,495
Vancouver, WA $1,238 $1,395 $1,550 $1,595
Corvallis, OR $795 $1,277 $1,495 $1,595
Beaverton, OR N/A $1,350 $1,695 $1,600
Hillsboro, OR N/A $1,450 $1,750 $2,100
Bend, OR $1,298 $1,645 $1,973 $2,295

Top Neighborhoods Near Oregon

There are a total of 9 neighborhoods in or near Oregon. Some of these neighborhoods include Spokane Valley, Northwest District, and West University. We've included all of these top 9 neighborhoods in or near Oregon in the following chart.

The average rent for these 9 neighborhoods in or near Oregon is currently around $1,725 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $1,725. Interestingly, the neighborhoods' average rent is higher than Oregon's average rent, which is only $1,549. Out of all the neighborhoods in or near Oregon, Spokane Valley has the most affordable average rent at $1,295 per month. Whereas, at $3,275 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Oregon. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Spokane Valley, WA $995 $1,095 $1,395 $1,295
Northwest District, Portland, OR $1,150 $1,412 $1,923 $1,299
West University, Eugene, OR $1,035 $1,095 $1,395 $1,325
The Avenues, Chico, CA $970 $995 $1,250 $1,600
Broadway, Seattle, WA $1,495 $1,834 $2,695 $1,725
Happy Valley, Bellingham, WA $1,300 $1,450 $1,763 $1,725
Belltown, Seattle, WA $1,566 $2,000 $2,950 $1,916
Sehome, Bellingham, WA $1,300 $1,350 $1,895 $2,550
Downtown Bellevue, Bellevue, WA $2,201 $3,069 $4,050 $3,275

Top Counties Near Oregon

There are a total of 9 counties located by Oregon. Some of these counties include Douglas, OR, Marion, OR, and Linn, OR. The average rent for rentals in these counties is $1,654. That's roughly around $2 per sqft. A total of 15 counties have a lower average rent. The county that is the most affordable is Yakima, WA. It's average rent per month is $1,095. Vice versa, with an average rent of $2,945, Napa, CA is the most expensive county by Oregon.

Typically, rent for studios in Oregon is 4.34% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Oregon is 3.47% more expensive than other counties nearby. Finally, rent for two bedrooms in Oregon is 3.39% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Douglas, OR $713 $900 $1,100 $1,200
Marion, OR $1,010 $1,138 $1,400 $1,395
Linn, OR $125 $1,273 $1,485 $1,495
Multnomah, OR $1,150 $1,358 $1,625 $1,495
Lane, OR $988 $1,095 $1,460 $1,495
Benton, OR $795 $1,286 $1,495 $1,658
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
Deschutes, OR $1,295 $1,600 $1,950 $2,225

Top Zipcodes Near Oregon

There are a total of 29 zipcodes in or near Oregon. The average rent for all of these zipcodes is $1,595. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 89502, Reno, NV at $1,200 per month. In comparison, the zipcode with the most expensive average rent of $3,510 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,195. 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 Oregon is $1,435 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,800 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Oregon. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
59718, Gallatin County, MT N/A $1,695 $2,075 $2,200
98225, WA $1,290 $1,463 $1,800 $1,900
97701, Seventh Mountain, OR $1,295 $1,698 $2,000 $2,325
97217, Portland, OR $1,198 $1,365 $1,895 $1,495
97202, Portland, OR $1,125 $1,395 $1,610 $1,495
97214, Portland, OR $1,200 $1,375 $1,745 $1,385
89503, Reno, NV $1,025 $1,249 $1,600 $1,525
98661, Vancouver, WA N/A $1,198 $1,550 $1,595
89502, Reno, NV $995 $1,095 $1,473 $1,200
97209, Portland, OR $1,125 $1,525 $2,255 $1,395

Frequently Asked Questions - Oregon Average Rents

What is the average rent price in Oregon?
The average monthly rental price for Oregon apartments for rent is approximately $1,549. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Oregon 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 Oregon.
How much is a studio apartment in Oregon?
The average monthly rental price for studio apartments is $1,095 and an average price per square feet of $2.84. There are a total of 286 studio apartment listings currently available for rent in Oregon.
How much is a one bedroom apartment in Oregon?
The average monthly rental price for one bedroom apartments is $1,295 and an average price per square feet of $2.20. There are a total of 820 one bedroom apartment listings currently available for rent in Oregon.
How much is a two bedroom apartment in Oregon?
The average monthly rental price for two bedroom apartments is $1,550 and an average price per square feet of $1.76. There are a total of 1,176 two bedroom apartment listings currently available for rent in Oregon.
How have rent prices in Oregon changed this year?
Rent prices for rentals in Oregon can fluctuate yearly. Specifically, studio rental prices have changed by -0.21%, one bedroom rental prices have changed by -0.20%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in Oregon?
A reasonable rent price in Oregon is around $1,239/month. You can search for these reasonably priced rental listings on RentHop.
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