The Weidler
1784 NW Northrup St,
Portland, OR 97209
Studio - 2 Beds | $1,299 - 3,299
Rental Market Trends in Portland, OR
What is the average rent in Portland, OR?
$1,500/month
Average Rent
646 Sq Ft
Average Apartment Size
+0.2%
Increase in the Last Year
As of December 2024, the average rent in Portland, OR is $1,500 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means Portland rent prices are 4% lower than the national average. When you rent an apartment in Portland, you can expect to pay about $1,243 per month for a studio, $1,500 for a one-bedroom apartment, and around $1,780 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,074 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Portland, OR?
In the past year, rent has increased by 0.2%, which averages out to $4 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Portland, OR
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
16%
$700 - $1,000/month
50%
$1,001 - $1,500/month
26%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Portland?
Based on current rent prices, East Portland, North Portland and Bridgeton are the most affordable neighborhoods in Portland.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Portland?
Based on current rent prices, Kerns, Buckman and Uptown Portland are the most expensive neighborhoods in Portland.
Neighborhood
Average Rent
Average Sq Ft
Which Portland neighborhoods have the most rentals available?
The neighborhoods in Portland with the most apartments available are Northeast Portland, Downtown Portland and Northwest Portland .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Portland, OR?
Because the average rent in Portland is $1,500, you’ll want to make about $5,000 per month or $60,000 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Portland, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Portland, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,074/month
$1,282/month
One Bedroom
$1,180/month
$1,457/month
Two Bedroom
$1,339/month
$1,755/month
Three Bedroom
$1,628/month
$1,579/month
Nearby City Rent Trends
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SYLO Property Management
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13
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SVN International Corp
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42
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18
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CloudTen Residential
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33
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4,112
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15
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Legacy Property Management
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19
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485
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7
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Guardian
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16
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Methodology
† 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.
* Percentages may not total 100 due to rounding.