Average Rent in Sellwood - Moreland, Portland, OR

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Current Versus Historical Sellwood - Moreland, Portland, OR Rents

Sellwood - Moreland rentals average $1,145 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,463, or roughly $3 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $429 (30.32%) year-over-year from $1,415 to $1,844. 1-bedroom rentals prices have decreased by $38 (-2.53%) year-over-year from $1,513 to $1,475. 2-bedroom rentals prices have increased by $148 (7.33%) year-over-year from $2,024 to $2,173. 3-bedroom rentals prices have increased by $323 (13.78%) year-over-year from $2,347 to $2,670. 4-bedroom rentals prices have decreased by $1,105 (-26.31%) year-over-year from $4,200 to $3,095. 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 13.04% this month. 1-bedroom rents have gone down by 2.10% this month. 2-bedroom rents have gone down by 7.03% this month. 3-bedroom rents have gone down by 4.21% this month. 4-bedroom rents have gone down by 3.13% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.17 $1,844 $1,415 (30.32%) $1,330 (38.65%)
1 BR $2.74 $1,475 $1,513 (-2.53%) $1,285 (14.79%)
2 BR $2.17 $2,173 $2,024 (7.33%) $1,884 (15.29%)
3 BR $1.89 $2,670 $2,347 (13.78%) $2,860 (-6.63%)

Historical Rents in Sellwood - Moreland, Portland, OR

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Sellwood - Moreland

There are a total of 5 cities nearby Sellwood - Moreland. The average rent in Sellwood - Moreland is currently $1,595 per month. Our records show that Gresham, OR, with an average rent of $1,473, is the most affordable city nearby. In contrast, the most expensive city near Sellwood - Moreland, Portland, OR is Hillsboro, OR. Monthly rents here are on average $2,024 per month.

Let's compare Sellwood - Moreland, Portland, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Sellwood - Moreland, Portland, OR is 0.52% more expensive than other cities nearby. One bedrooms are about 0.36% more expensive. Two bedrooms in Sellwood - Moreland, Portland, OR are about 22.78% more expensive. Finally, rent for three bedrooms are about 10.21% more expensive. Want more information? Check out the top 5 cities near Sellwood - Moreland, Portland, OR in the following chart.
City Studio 1 Bed 2 Bed All
Gresham, OR $695 $1,195 $1,495 $1,473
Portland, OR $1,150 $1,395 $1,695 $1,495
Vancouver, WA $1,139 $1,298 $1,597 $1,595
Beaverton, OR $1,150 $1,400 $1,723 $1,625
Hillsboro, OR $738 $1,475 $1,864 $2,024

Top Neighborhoods Near Sellwood - Moreland

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

The average rent for these 1 neighborhoods in or near Sellwood - Moreland, Portland, OR is currently around $1,325 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Sellwood - Moreland, Northwest District has the most affordable average rent at $1,325 per month. Whereas, at $1,325 average rent per month, Northwest District is the most expensive neighborhood in or near Sellwood - Moreland. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Northwest District, Portland, OR $1,115 $1,425 $1,923 $1,325

Top Counties Near Sellwood - Moreland

There are a total of 1 counties located by Sellwood - Moreland, Portland, OR. Some of these counties include Multnomah, OR, Clark, WA, and Washington, OR. The average rent for rentals in these counties is $1,725. 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 $1,950, Washington, OR is the most expensive county by Sellwood - Moreland, Portland, OR.

Typically, rent for studios in Sellwood - Moreland, Portland, OR is 0.44% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Sellwood - Moreland, Portland, OR is 0.36% more expensive than other counties nearby. Finally, rent for two bedrooms in Sellwood - Moreland, Portland, OR is 22.78% 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 $1,148 $1,395 $1,695 $1,495
Clark, WA $1,174 $1,325 $1,600 $1,725
Washington, OR $1,150 $1,400 $1,713 $1,950

Top Zipcodes Near Sellwood - Moreland

There are a total of 12 zipcodes in or near Sellwood - Moreland, Portland, OR. The average rent for all of these zipcodes is $1,498. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 97214, Portland, OR at $1,330 per month. In comparison, the zipcode with the most expensive average rent of $2,550 per month is 97229, Bethany, OR.

Studios in these zipcodes have an average rent of $1,148. 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 Sellwood - Moreland, Portland, OR is $1,363 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,735 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Sellwood - Moreland, Portland, OR. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
97202, Portland, OR $1,195 $1,395 $1,695 $1,550
97214, Portland, OR $1,197 $1,375 $1,635 $1,330
97201, Portland, OR $1,000 $1,332 $1,998 $1,495
97209, Portland, OR $1,165 $1,525 $2,598 $1,450
97210, Portland, OR $1,108 $1,400 $1,923 $1,395
97236, Portland, OR $950 $1,300 $1,495 $1,595
97211, Portland, OR $1,175 $1,337 $1,995 $1,593
97233, Portland, OR $1,048 $1,150 $1,350 $1,350
97217, Portland, OR $1,175 $1,395 $1,899 $1,495
97229, Bethany, OR N/A $1,450 $1,770 $2,550

Frequently Asked Questions - Sellwood - Moreland Average Rents

What is the average rent price in Sellwood - Moreland, Portland, OR?
The average monthly rental price for Sellwood - Moreland, Portland, OR apartments for rent is approximately $1,463. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Sellwood - Moreland, 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 Sellwood - Moreland, Portland, OR.
How much is a studio apartment in Sellwood - Moreland, Portland, OR?
The average monthly rental price for studio apartments is $1,145 and an average price per square feet of $3.17. There are a total of 8 studio apartment listings currently available for rent in Sellwood - Moreland.
How much is a one bedroom apartment in Sellwood - Moreland, Portland, OR?
The average monthly rental price for one bedroom apartments is $1,400 and an average price per square feet of $2.74. There are a total of 21 one bedroom apartment listings currently available for rent in Sellwood - Moreland.
How much is a two bedroom apartment in Sellwood - Moreland, Portland, OR?
The average monthly rental price for two bedroom apartments is $2,195 and an average price per square feet of $2.17. There are a total of 11 two bedroom apartment listings currently available for rent in Sellwood - Moreland.
How have rent prices in Sellwood - Moreland, Portland, OR changed this year?
Rent prices for rentals in Sellwood - Moreland, Portland, OR can fluctuate yearly. Specifically, studio rental prices have changed by 0.30%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.14% year-over-year.
What is a reasonable rent price in Sellwood - Moreland, Portland, OR?
A reasonable rent price in Sellwood - Moreland, Portland, OR is around $1,170/month. You can search for these reasonably priced rental listings on RentHop.
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