Average Rent in Richmond, Portland, OR

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Current Versus Historical Richmond, Portland, OR Rents

Richmond rentals average $1,275 for a studio rental to $1,750 for a 1-bedroom rental. The median price of all currently available listings is $1,513, or roughly $36 per square feet.

For the apartment units and housing in May 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $854 (-40.11%) year-over-year from $2,129 to $1,275. 1-bedroom rentals prices have decreased by $425 (-19.55%) year-over-year from $2,175 to $1,750. 2-bedroom rentals prices have decreased by $33 (-1.64%) year-over-year from $2,028 to $1,995. 3-bedroom rentals prices have decreased by $320 (-10.77%) year-over-year from $2,970 to $2,650. 4-bedroom rentals prices have decreased by $123 (-3.39%) year-over-year from $3,618 to $3,495. 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 25.09% this month. 1-bedroom rents have gone down by 4.32% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$43.71	$1,275	$2,129 (-40.11%)	$1,827 (-30.21%)
1 BR	$27.63	$1,750	$2,175 (-19.55%)	$1,473 (18.78%)

Historical Rents in Richmond, Portland, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Richmond

There are a total of 2 cities nearby Richmond. The average rent in Richmond is currently $1,998 per month. Our records show that Portland, OR, with an average rent of $1,595, is the most affordable city nearby. In contrast, the most expensive city near Richmond, Portland, OR is Mount Vista, WA. Monthly rents here are on average $2,401 per month.

Let's compare Richmond, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Richmond, Portland, OR is 57.84% more expensive than other cities nearby. One bedrooms are about 3.11% more affordable. Want more information? Check out the top 2 cities near Richmond, Portland, OR in the following table.

City	Studio	1 Bed	2 Bed	All
Portland, OR	$1,075	$1,295	$1,695	$1,595
Mount Vista, WA	N/A	$2,314	$2,520	$2,401

Top Neighborhoods Near Richmond

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

The average rent for these 2 neighborhoods in or near Richmond, Portland, OR is currently around $2,035 per month. Interestingly, the neighborhoods' average rent is higher than Richmond's average rent, which is only $1,513. Out of all the neighborhoods in or near Richmond, 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 Richmond. 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 Richmond

There are a total of 1 counties located by Richmond, Portland, OR. One county in the area is Multnomah, OR. The average rent for rentals in these counties is $1,595. That's roughly around $25 per sqft. The county that is the most affordable is Multnomah, OR. Its average rent per month is $1,595. Vice versa, with an average rent of $1,595, Multnomah, OR is the most expensive county by Richmond, Portland, OR.

Typically, rent for studios in Richmond, Portland, OR is 15.69% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Richmond, Portland, OR is 24.57% 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	$1,075	$1,320	$1,650	$1,595

Top Zipcodes Near Richmond

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Richmond Average Rents

What is the average rent price in Richmond, Portland, OR?

The average monthly rental price for Richmond, Portland, OR apartments for rent is approximately $1,513. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Richmond, 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 Richmond, Portland, OR.

How much is a studio apartment in Richmond, Portland, OR?

The average monthly rental price for studio apartments is $1,275 and an average price per square feet of $43.71. There are a total of 1 studio apartment listings currently available for rent in Richmond.

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

The average monthly rental price for one bedroom apartments is $1,750 and an average price per square feet of $27.63. There are a total of 1 one bedroom apartment listings currently available for rent in Richmond.

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

Rent prices for rentals in Richmond, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by -0.40%, one bedroom rental prices have changed by -0.20%, two bedroom rental prices have changed by -0.02%, three bedroom rental prices have changed by -0.11% year-over-year.

What is a reasonable rent price in Richmond, Portland, OR?

A reasonable rent price in Richmond, Portland, OR is around $1,210/month. You can search for these reasonably priced rental listings on RentHop.