Average Rent in Portland, OR

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Current Versus Historical Portland, OR Rents

Portland rentals average $1,250 for a studio rental to $2,973 for a 4-bedroom rental. The median price of all currently available listings is $1,700, or roughly $26 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $7 (-0.43%) year-over-year from $1,637 to $1,630. 1-bedroom rentals prices have decreased by $397 (-19.32%) year-over-year from $2,056 to $1,659. 2-bedroom rentals prices have decreased by $655 (-24.71%) year-over-year from $2,650 to $1,995. 3-bedroom rentals prices have decreased by $566 (-20.53%) year-over-year from $2,756 to $2,190. 4-bedroom rentals prices have decreased by $573 (-16.27%) year-over-year from $3,523 to $2,950. 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 30.49% this month. 1-bedroom rents have gone up by 12.88% this month. 2-bedroom rents have gone up by 9.12% this month. 3-bedroom rents have gone down by 4.19% this month. 4-bedroom rents have gone down by 9.14% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$31.35	$1,630	$1,637 (-0.43%)	$1,563 (4.28%)
1 BR	$28.26	$1,659	$2,056 (-19.32%)	$1,809 (-8.31%)
2 BR	$24.62	$1,995	$2,650 (-24.71%)	$2,108 (-5.38%)
3 BR	$23.57	$2,190	$2,756 (-20.53%)	$2,560 (-14.45%)
4+ BR	$22.32	$2,950	$3,523 (-16.27%)	$3,182 (-7.28%)

Historical Rents in Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Portland

There are a total of 1 cities nearby Portland. The average rent in Portland is currently $2,401 per month. Our records show that Mount Vista, WA, with an average rent of $2,401, is the most affordable city nearby. In contrast, the most expensive city near Portland, OR is Mount Vista, WA. Monthly rents here are on average $2,401 per month.

Let's compare Portland, OR's rent against other top cities nearby by bedroom size. One bedrooms are about 40.28% more affordable. Two bedrooms in Portland, OR are about 32.98% more affordable. Want more information? Check out the top 1 cities near Portland, OR in the following table.

City	Studio	1 Bed	2 Bed	All
Mount Vista, WA	N/A	$2,314	$2,520	$2,401

Top Neighborhoods Near Portland

There are a total of 2 neighborhoods in or near Portland. Some of these neighborhoods include Fisher's Landing East and Kerns. We've included all of these top 2 neighborhoods in or near Portland, OR in the following table.

The average rent for these 2 neighborhoods in or near Portland, OR is currently around $2,035 per month. Interestingly, the neighborhoods' average rent is higher than Portland's average rent, which is only $1,700. Out of all the neighborhoods in or near Portland, Fisher's Landing East has the most affordable average rent at $1,918 per month. Whereas, at $2,152 average rent per month, Kerns is the most expensive neighborhood in or near Portland. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Fisher's Landing East, Vancouver, WA	N/A	$1,918	$2,819	$1,918
Kerns, Portland, OR	$1,794	$2,193	$3,477	$2,152

Top Counties Near Portland

There are a total of 2 counties located by Portland, OR. Some of these counties include Multnomah, OR and Washington, OR. The average rent for rentals in these counties is $1,975. That's roughly around $22 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Multnomah, OR. Its average rent per month is $1,700. Vice versa, with an average rent of $2,250, Washington, OR is the most expensive county by Portland, OR.

Typically, rent for studios in Portland, OR is 50.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Portland, OR is 4.55% more affordable than other counties nearby. Finally, rent for two bedrooms in Portland, OR is 6.46% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Multnomah, OR	$1,250	$1,475	$1,750	$1,700
Washington, OR	N/A	$1,974	$1,795	$2,250

Top Zipcodes Near Portland

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Portland Average Rents

What is the average rent price in Portland, OR?

The average monthly rental price for Portland, OR apartments for rent is approximately $1,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Portland, OR.

How much is a studio apartment in Portland, OR?

The average monthly rental price for studio apartments is $1,250 and an average price per square feet of $31.35. There are a total of 27 studio apartment listings currently available for rent in Portland.

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

The average monthly rental price for one bedroom apartments is $1,650 and an average price per square feet of $28.26. There are a total of 38 one bedroom apartment listings currently available for rent in Portland.

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

The average monthly rental price for two bedroom apartments is $1,895 and an average price per square feet of $24.62. There are a total of 46 two bedroom apartment listings currently available for rent in Portland.

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

Rent prices for rentals in Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.25%, three bedroom rental prices have changed by -0.21% year-over-year.

What is a reasonable rent price in Portland, OR?

A reasonable rent price in Portland, OR is around $1,360/month. You can search for these reasonably priced rental listings on RentHop.