University Park

Portland, OR

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University Park - Portland, OR

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Parks, coffee shops, and more make up University Park!

River Urban Scenic Park-Like Airport Oregon

The University Park neighborhood is on the east shore of the Willamette River. It got its name because of its proximity to the former campus of Portland University – now the private institution of the University of Portland.

Two recreational parks make up this community, and residents are comforted by the selection of coffee shops and restaurants along Lombard Street. Across the river is where you’ll find Forest Park, a 5,000+ acre scenic paradise with over thirty miles of trails. Downtown Portland attractions and the international airport are just minutes away from this urban community.

Rent Trends

As of March 2025, the average apartment rent in University Park is $1,003 for a studio, $1,229 for one bedroom, $1,299 for two bedrooms, and $1,768 for three bedrooms. Apartment rent in University Park has increased by 0.7% in the past year.

  • Studio

  • 290 sq ft

    Average Sq Ft

  • $1,003/month

    Average Rent

  • 1 BR

  • 503 sq ft

    Average Sq Ft

  • $1,229/month

    Average Rent

  • 2 BR

  • 721 sq ft

    Average Sq Ft

  • $1,299/month

    Average Rent

  • 3 BR

  • 987 sq ft

    Average Sq Ft

  • $1,768/month

    Average Rent

Transportation

79

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

43

Some Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

95

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.

Points of Interest

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Methodology

† 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.