Wimbledon Square And Gardens
2837-2847 SE Colt Dr,
Portland, OR 97202
$1,019 - $2,005 | Studio - 2 Beds
Reed is Portland’s smallest neighborhood. This namesake neighborhood is named after Reed College, a private liberal arts school which borders the community to the south. Along with student housing, Reed features apartments and houses in a variety of styles. Rentals are moderately priced, and the area is known for its quaint architectural styles including Portland Four Squares and Cape Cod bungalows. The western part of Reed is dominated by locally owned businesses like Gigantic Brewing Company and Green Drop Garage, an eco-friendly auto garage.
Residents also enjoy proximity to some of the trendiest spots in the city. Nearby Woodstock Avenue is filled with diverse eateries, grocers, coffeehouses, and more. Quirky commercial hubs like the Hawthorne District and Downtown Portland are under four miles away from Reed. Reed provides a home to those who like convenient access to active urban life but want to come home to a laid-back locale.
As of April 2025, the average apartment rent in Reed is $1,165 for a studio, $1,304 for one bedroom, and $1,907 for two bedrooms. Apartment rent in Reed has decreased by -1.6% in the past year.
Studio
425 sq ft
Average Sq Ft
$1,165/month
Average Rent
1 BR
613 sq ft
Average Sq Ft
$1,304/month
Average Rent
2 BR
1,008 sq ft
Average Sq Ft
$1,907/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
3,211
Communities
892,342
Units
830
Cities
688
Communities
186,255
Units
314
Cities
649
Communities
127,507
Units
259
Cities
619
Communities
106,326
Units
220
Cities
607
Communities
160,232
Units
232
Cities
549
Communities
127,879
Units
277
Cities
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.