How much does it cost to rent at The Payton?

Rent at The Payton in Portland, OR ranges from $1,943 to $3,857 per month as of September 30, 2026.

What is the average 1 bed rent at The Payton?

The average 1 bed apartment at The Payton costs $2,006/month, starting from $1,943.

What is the average 2 bed rent at The Payton?

The average 2 bed apartment at The Payton costs $2,943/month, starting from $2,372.

Is The Payton a good apartment complex?

The Payton has a 4.6-star rating on Google based on 93 reviews.

Updated today at 3:54 p.m. PT

The Payton

2020 NE Multnomah St, Portland, OR 97232, USA

4.6 (93 reviews) Official Website

Live pricing, refreshed today at 3:54 p.m. PT

Units Listed

$1,943

Starting at

$2,358

Average

$3,857

Highest

$2.53

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Kerns rent trends

Beds

Pricing by Bedroom

1 Bed

$2,006

from $1,943 · 5 units

~750 sqft avg

2 Bed

$2,943

from $2,372 · 3 units

~1,230 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (8)

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: stated by the property itself
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$329K

$4.0M annual run rate

Est. Occupancy

95%

of about 162 units (reported building size)

Effective Rent on New Leases

$2,138

vs $2,358 current asking ($220 negotiation gap)

Recent Lease Activity

24 units tracked; 16 assumed leased, 8 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Moderate availability

7 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Portland, OR

Similar

$1,599 Heartline Apartments

$1,611

The Payton

$1,943

Park Avenue West Apartments

$1,985

Comparing this building against 6 similar Portland, OR apartments by price. Click any bar to view that building.

See rent trends on the Portland, OR map Explore Portland, OR on the interactive map

Available Units

Sort

8 units

1 Bed / 1 Bath 1 Bedroom Classic I

$1,943/mo

718 ft² · $2.71/ft² · #522

Down $20 since Sep 30 (was $1,963)

1 Bed / 1 Bath 1 Bedroom Classic C

$1,953/mo

675 ft² · $2.89/ft² · #417

Down $20 since Sep 30 (was $1,973)

1 Bed / 1 Bath 1 Bedroom Classic I

$1,998/mo

718 ft² · $2.78/ft² · #617

Down $21 since Sep 30 (was $2,019)

1 Bed / 1 Bath 1 Bedroom Classic N

$2,068/mo

802 ft² · $2.58/ft² · #231

Down $20 since Sep 30 (was $2,088)

1 Bed / 1 Bath 1 Bedroom Classic P

$2,069/mo

837 ft² · $2.47/ft² · #531

Down $28 since Sep 30 (was $2,097)

2 Bed / 2 Bath 2x2 Classic C

$2,372/mo

966 ft² · $2.46/ft² · #310

Down $26 since Sep 30 (was $2,398)

2 Bed / 2 Bath 2x2 Classic B

$2,601/mo

934 ft² · $2.78/ft² · #734

Down $26 since Sep 30 (was $2,627)

2 Bed / 2 Bath 2x2 Den Penthouse A

$3,857/mo

1,791 ft² · $2.15/ft² · #710PH

Down $48 since Sep 23 (was $3,905)

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
522	1 Bedroom Classic I	1bd / 1ba	718	$1,943	$2.71	Nov 3, 2026	Pro	Down $20 since Sep 30
417	1 Bedroom Classic C	1bd / 1ba	675	$1,953	$2.89	Oct 28, 2026	Pro	Down $20 since Sep 30
617	1 Bedroom Classic I	1bd / 1ba	718	$1,998	$2.78	Oct 10, 2026	Pro	Down $21 since Sep 30
231	1 Bedroom Classic N	1bd / 1ba	802	$2,068	$2.58	Oct 14, 2026	Pro	Down $20 since Sep 30
531	1 Bedroom Classic P	1bd / 1ba	837	$2,069	$2.47	Now	Pro	Down $28 since Sep 30
310	2x2 Classic C	2bd / 2ba	966	$2,372	$2.46	Oct 20, 2026	Pro	Down $26 since Sep 30
734	2x2 Classic B	2bd / 2ba	934	$2,601	$2.78	Now	Pro	Down $26 since Sep 30
710PH	2x2 Den Penthouse A	2bd / 2ba	1,791	$3,857	$2.15	Now	Pro	Down $48 since Sep 23

Fees, Parking & True Monthly Cost

Monthly Fees

$2/mo

Added to base rent automatically

True Monthly Cost

$1,945

Starting price + fees

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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Train activity

Severe nighttime trains

Freight line 346 ft away · 21 trains/day

11 daytime, 10 overnight
Crossing 346 ft away. Horns expected day and night.
Operator: UP

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Portland, OR notes

No resident notes for this property yet.