Median rent
for residential apartments
in Portland, OR
as of May, 2023.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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1,705 Portland, OR, USA apartments for rent
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“Portlandia” - Remodeled 4B2b Craftsman: Porch, Stroll to Food, Best Grant Park School District
3115 NE Schuyler St
4
Bed
2
Bath
2,000
Sq Ft
Beautiful Condo for Rent in the Kerns Neighborhood!
28 SE 28th Ave, Unit 207
2
Bed
2
Bath
1,300
Sq Ft
Multnomah Village home w/Forest Views! Master Suite, Walk-in Closet, Washer/Dryer!
6105 Southwest 32nd Avenue
3
Bed
2
Bath
1,057
Sq Ft
$2, 750 - Modern 4 Bedroom 3.5 Bathroom In Portland With Great Amenities
5883 NE Failing St
4
Bed
3.5
Bath
2,200
Sq Ft
$3, 050 - 4 Bedroom 1.5 Bathroom Recently Updated Home !
4920 NE 14th Pl, Unit A
4
Bed
1.5
Bath
2,742
Sq Ft
$1695.00 Clean an Cute 2 Bed 1 bath duplex unit one block from Downtown Tigard with Fenced Yard.
9455 9465 SW Commercial St, Unit 9455
2
Bed
1
Bath
880
Sq Ft
Stunning 4 bd craftsman home with top schools and a 91 walk score to restaurants & parks
3203 East Burnside Street
4
Bed
2
Bath
2,200
Sq Ft
12903 Southeast Division Street, Portland, OR 97236
12903 Southeast Division Street, Unit 12903 Southeast Division Street, Portland, OR, USA
2
Bed
1
Bath
1,030
Sq Ft
$1, 495 - 1 Bedroom 1 Bathroom Apartment In Portland With Great Amenities
2311 Southeast Division Street, Unit 2311
1
Bed
1
Bath
625
Sq Ft
$1, 699 - 2 Bedroom 1.5 Bathroom Apartment In Vancouver With Great Amenities
3214 Northeast 62nd Avenue, Unit K1
2
Bed
1.5
Bath
1,067
Sq Ft
2 Bedroom 1.5 Bathroom updated kitchen and Bathroom in Beautiful Mountain Park Condominium
264 Cervantes, Unit 268 Cervantes
2
Bed
2
Bath
1,000
Sq Ft
Beautiful Updated 4 bedroom 2 bathroom in the Overlook Neighborhood
4933 N Concord Ave, Unit 4933
4
Bed
2
Bath
2,052
Sq Ft
Large furnished bedroom to rent in my home on 1/2 acre. Very private, tile floor nice and cool for summer! 14x16' for $900 including utilities.
3731 Southeast 164th Avenue
1
Bed
2
Bath
224
Sq Ft
$1, 149 - 2 Bedroom 1 Bathroom Apartment In Portland - 1/2 OFF FIRST MONTH RENT!
Northeast 76th Avenue, Unit #4
2
Bed
1
Bath
$1, 620 - 3 Bedroom 2 Bathroom House In Vancouver With Great Amenities
510 N Knoxville Way
3
Bed
2
Bath
1,080
Sq Ft
$4, 898 / 3br - 2092ft2 - Live + Work Townhouse overlooking Willamette River and Mt. Hood views
4644 South Kelly Avenue, Unit N/A
3
Bed
3.5
Bath
2,092
Sq Ft
$2, 400 - 2 Bedroom 2 Bathroom House In Portland With Great Amenities
5110 NE Glisan St
2
Bed
2
Bath
$1, 699 - 2 Bedroom 1.5 Bathroom Apartment In Vancouver With Great Amenities
3214 Northeast 62nd Avenue, Unit K7
2
Bed
1.5
Bath
1,067
Sq Ft
$4, 200 - 3 Bedroom 3 Bathroom House In Portland With Great Amenities
3705 Southeast Malden Street
3
Bed
3
Bath
1,860
Sq Ft
$1, 750 - Beautifully Spacious and Renovated 2 Bedroom 1 Bathroom ADU
5002 Northeast Prescott Street, Unit ADU
2
Bed
1
Bath
890
Sq Ft
$2, 400 - 2 Bedroom 2.5 Bathroom Bright & Spacious Progress Ridge Townhome
15210 Southwest Sparrow Loop, Unit 102
2
Bed
2.5
Bath
1,106
Sq Ft
3 Bedroom 1 Bathroom House In Milwaukie With Great Amenities
11004 Southeast 51st Avenue
3
Bed
1
Bath
1,400
Sq Ft
$2, 565 - 2 Bedroom 2.5 Bathroom PLUS Finished Basement Townhouse In Beaverton With Great Amenities
9430 SW 153rd Pl, Unit N/A
2
Bed
2.5
Bath
2,208
Sq Ft
Enjoy the cozy living room with fireplace and a great view
1400 NE 128th Ave
3
Bed
2
Bath
1,375
Sq Ft
Rare one-level living on a quiet cul-de-sac, in a coveted Bethany neighborhood!
14780 NW Benjamin Ct
3
Bed
2
Bath
2,122
Sq Ft
$1, 950 - 1 Bedroom 1 Bathroom Waterfront Condo In Portland Pearl District With Great Amenities
1020 Northwest Naito Parkway, Unit N6
1
Bed
1
Bath
760
Sq Ft
Brand New Construction 2 Bed/2 Bath Apartment Close to Downtown Vancouver With Great Amenities
1226 West 24th Street, Unit 1226
2
Bed
2
Bath
1,035
Sq Ft
$3050 - 3 Bedroom 2.5 Bathroom, Master at Main
4106 Northeast 47th Avenue
3
Bed
2.5
Bath
2,425
Sq Ft
$1, 650 - 2 Bedroom 1 Bath Apt in Beaverton
9555 Southwest Downing Drive, Unit 2
2
Bed
1
Bath
900
Sq Ft
$3, 000 - 3 Bedroom 3 Bathroom House In Portland With Great Amenities$3, 000 - 3 Bedroom 3 Bathroom House In Portland With Great Amenities
7622 N Brandon Ave
3
Bed
3
Bath
2,354
Sq Ft
Portland
Described as a quirky place, the City of Roses might not captivate you at first sight. Many locals might seem reserved and suffer from Seasonal Affective Disorder. However, make sure to take a closer look at Portland, and you’ll be mesmerized by its nature, charming neighborhoods, and laid-back vibe.
| Population | 652,573 |
| Median Age | 37.6 |
| Poverty Rate | 16% |
| Household Income | $73,097 |
| Number Of Employees | 372,004 |
| Median Property Value | $451,000 |
City Overview
The largest city of Oregon and America’s 26th most populous one, Portland’s got much worth bragging about. The city is known for its beautiful parks, bicycle paths, bridges, and pretty residential streets. Due to its high walkability score, farm-to-table dining, an extensive network of public transport, and truly large bicycle community, Portland is also considered one of the world’s most eco-conscious cities. It also has plenty to offer to any fan of great food — the city is famous all around the country for its restaurants, breweries, and coffee shops.
Want to learn more about Portland? Check out some articles from the Rentberry blog:
Best Places to Live: Cities to Maintain a Healthy Lifestyle Best Places to Live: Cities for Cycling Best LGBTQ-Friendly Cities to Live in the United States
Cuisine
There is plenty of culinary options to check out in Portland. Have an eye out for Division Food Carts all over the city, get Sweedeedee If you want a good brunch in North Portland, and check out The Noble Rot, Zilla Sake House, Olympic Provisions, Por Que No for a fancier dining experience. If you want dessert in Portland, then check out Blue Star Donuts and Salt & Straw for ice cream.
Culture
According to the New York Times, the dozens of karaoke bars in Portland make it not just "the capital of karaoke" in the United States but also "one of the most exciting music scenes in America. Also, Portland has the most total breweries and independent microbreweries of any city in the world, with 58 active breweries within Portland’s city limits and 70+ within the surrounding metro area.
Demographics
Portland is the biggest city in Oregon and the third most populous city in the Pacific Northwest, after Seattle and Vancouver. Portland is a predominantly white city, while the percentage has dropped over the last fifty year. Portland’s population is growing, although the growth temporarily declined during the 2008 recession. The crisis hit the city harder than most areas of the country. However, it has already started to pick up with improving job prospects and rising home values rising.
Entertainment
Portland has a range of classical performing arts institutions, which include the Oregon Symphony, Portland Opera, and the Portland Youth Philharmonic. Portland is also home to several theaters and performing arts institutions, including the Oregon Ballet Theatre, Northwest Children's Theatre, Portland Center Stage, Artists Repertory Theatre, Miracle Theatre, and Tears of Joy Theatre. Oregon Zoo, the World Forestry Center, and the Hoyt Arboretum. Oaks Amusement Park, Portland Trail Blazers of the NBA and the Portland Timbers of Major League Soccer, are amongst other Portland entertainment options.
Landmarks
After a day of searching for apartments for rent in Portland take a walk around Holly Farm Park, Keller Fountain Park, and check out Portland Japanese Garden, Tilikum Crossing, Cathedral Park under the St. Johns Bridge. Lastly, don’t forget to visit the famous Portland Light Tower.
Nightlife
Mississippi Ave and NW 23rd Ave have many great bars and shops. They are charming shopping and food area that feels a bit ritzier than the rest of Portland. SE Division Street is one of the fastest growing (and changing) parts of Portland. Very eclectic food and shopping. You'll recognize scenes from Portlandia everywhere. For drinks check out McMenamins Bagdad Theatre & Pub, Prost, and Andina.
Outdoors
Portland is an outdoor heaven. Just the number of waterfalls nearby is staggering. Wahclella Falls, Punch Bowl Falls, Multnomah Falls, Spirit Falls are just one of many. There other outdoorsy things to do in Portland. You can also run the Esplanade or hike through Forest Park to the Pittock Mansion.
Transportation
"Travel + Leisure magazine rated Portland as the #1 most pedestrian and transit-friendly city in the United States. MAX Light Rail is the centerpiece of the Portland's public transportation system. Portland Streetcar is a three-line system serving downtown and nearby areas. In Portland, cycling is a significant mode of transportation. As Portland has been particularly supportive of urban bicycling it now ranks highly among the most bicycle-friendly cities in the world. Approximately 8% of commuters bike to work, the highest proportion of any major U.S. city and about 10 times the national average. "
Housing Trends
Average apartment rent in Portland:
$3,355 (-30.6%)
Rent Price |
May | vs Last Month |
|---|---|---|
| Studio apartments | $1,488 | -39.8% |
| 1-bed apartments | $2,895 | -9.3% |
| 2-bed apartments | $3,342 | -27.4% |
| 3-bed apartments | $6,920 | +6.3% |
| 4+ bed apartments | $8,436 | -30.6% |
Over the May 2023, the average rent for an apartment in/near Portland, OR decreased by 30.6% to $3,355.
Compared to the last month, the average price for a rental studio in Portland, OR has decreased by 39.8%. You can expect to rent the studio for $1,488 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 9.3% to $2,895. Pricing for 2-bed apartment also decreased by 27.4% and a place of this size will now cost you $3,342. 3-bed apartment rent pricing starts at $6,920, it increased by 6.3% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 30.6% and made it down to $8,436.
Rent Type Price |
May | vs Last Month |
|---|---|---|
| Townhouses for rent | $3,846 | +1.4% |
| Houses for rent | $7,215 | +4.7% |
| Condos for rent | $2,744 | -27.4% |
| Apartments for rent | $1,883 | -31.8% |
| Rooms for rent | $807 | -8% |
| Duplexes for rent | $2,078 | N/A |
The median rent for an apartment in Portland, OR decreased by 31.8% to $1,883. Statistics show that house rent price increased by 4.7% this month making it up to $7,215. Condos faced an upward trend these days. The median rent for a condo decreased by 27.4%, it’s now available for $2,744. An average duplex is now available for $2,078, cause median rent for a duplex remains the same this month. An average room will now go for $807, the median rent price for a room decreased by 8%. The median rent for a townhouse increased by 1.4%, you’ll have to spend around $3,846 to get one.
Rent vs Own
Finding Apartments for Rent in Portland
There is a lot to choose from in Portland. With Rentberry, it’s easy to find your perfect long-term Portland apartment. Landlords in Portland will expect an initial deposit and a 6 or 12-month lease on your rental apartment. Some in-demand amenities include apartments with Pools, Gyms, and those with Utilities Included.
Looking for different kinds of listings? Search thousands of long-term Portland houses, apartments, and townhomes here. Search by amenities and select a balcony. You can also select a Washer/Dryer in Unit, Gym, Utilities Included, or anything else you need. Filter by property type. Search 2 and 3 bedroom long-term apartments for rent in Portland.
Got pets? See hundreds of pet-friendly Portland apartments for rent.
Are you a student? See Portland student apartments for rent here. Explore apartments for rent near Portland State University, Portland Community College, and University of Portland and Reed College. You and your roommates can apply together online.
Portland Neighborhoods
North Portland
North Portland neighborhood can probably best be described as young, urban and hip. The streets are busied with bike traffic, foot-traffic and buses cruising by every few minutes. This area is a hot-spot for the 20-30ish Portland crowd looking for easy access to downtown. This newly revitalized neighborhood has become a hotbed for local artists and DIYers. Chique townhomes and luxury apartments for rent are planted among historic homes and former-speakeasies.
Northwest Portland
Northwest Portland appears folded up and hidden like a secret. Should you begin to feel lost, find the confluence of NW Hermosa and NW Monte Vista Terrace so that you may gaze out over the valley and know peace. Or find a place to park and wander lost on foot for a while longer, because the houses and the trees and the landscape are beautiful and go well with exercise and exploration. To the west is Pittock Mansion Acres, which connects Washington Park and Forest Park, and where the grand Pittock Mansion resides.
Southwest Portland
The Southwest area of Portland features more mature trees, established neighborhoods with older homes in a variety of styles, and a comfortable family friendly feel. There are several parks and nature areas in the Southwest hills, making it easy to get away from it all while still being in the city. If you enjoy a more rural feeling neighborhood, while still being located fairly close to the city, Hillsdale might be a good fit. Hillsdale is located within easy driving distance to downtown Portland but offers more of a small-town suburban feel with quieter streets and a family-friendly vibe. There are plenty of shopping areas in the neighborhood, and a neighborhood Farmer's Market.
Southeast Portland
Southeast could easily be all things to all people: a laid back family oriented neighborhood, old trees and kids playing in the streets. From traditional, to modest, to funky, to fun, the Southeast Portland neighborhood character is evident nearly everywhere you look. In southeast Portland, rent is low for both residential and commercial spots. Homes run the gamut of 20th-century architecture, from classic Bungalow to Old Portland, to Cape Cod, Four Square and more. You'll also find new construction of townhomes and apartments for rent scattered about Southeast Portland.
Northeast Portland
Northeast Portland is a popular historical neighborhood with a comfortable family vibe. It feels like a classic old neighborhood where people still know their neighbors and enjoy spending time at the park and school events, as well as hanging out at local establishments that have been in the neighborhood for decades. Homes and lawns are well kept and show pride of ownership. There are some wonderful views along Alameda Ridge, so this is also a popular neighborhood for walking tours.
East Portland
Family friendly. A great mix of suburban and urban areas, with easy access to shopping, dining, and public transportation. A variety of home styles can be found in this Portland neighborhood. Because this neighborhood is in far East Portland, home prices can be more affordable than those located close into the city center. However, with a convenient light rail TriMet MAX line nearby, this neighborhood still offers an easy commute for those who need to work closer into town and plenty of available apartments for rent.
Popular Searches
Neighborhoods in Portland
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