Last updated
Average Rent in Portland, OR & Rent Trends
Rent prices and market trends across 23 apartment communities in Portland, OR. Updated daily.
Market Average
$1,852/mo
▲ +2.7% from last month
Lowest Available
$1,050/mo
cheapest unit on market
Communities
23
tracked daily
Units Listed
110
available now
Price Cuts This Week in Portland, OR
63 listed units across 13 buildings offering studio units in Portland, OR dropped their asking rent in the past 7 days, an average cut of $166/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Harbor Sky | Unit 15 | $2,556 | $1,599 | $957 |
| Harbor Sky | Unit 19 | $2,563 | $1,626 | $937 |
| Harbor Sky | Unit 21 | $2,600 | $1,701 | $899 |
| Harbor Sky | Unit 18 | $2,517 | $1,630 | $887 |
| Harbor Sky | Unit 16 | $2,574 | $1,704 | $870 |
| Harbor Sky | Unit 20 | $2,556 | $1,711 | $845 |
| Harbor Sky | Unit 17 | $2,436 | $1,659 | $777 |
| Park 19 Apartments | Unit 6 | $1,722 | $1,543 | $179 |
Rent by Neighborhood in Portland, OR
Compare average rent across Portland, OR neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Southeast Portland | $2,635 | ▼ $78 | $1,587 | 1 | 30 |
| Portland 97205 | $2,402 | ▲ $121 | $1,050 | 8 | 79 |
| Northwest Portland | $2,302 | ▲ $57 | $1,296 | 14 | 282 |
| Portland 97210 | $2,285 | ▼ $186 | $1,426 | 1 | 6 |
| Kerns | $1,925 | ▲ $735 | $1,506 | 2 | 27 |
| Portland 97217 | $1,871 | ▼ $61 | $1,306 | 2 | 95 |
| Southwest Hills | $1,832 | ▼ $51 | $1,691 | 1 | 9 |
Is Rent Going Up or Down in Portland, OR?
As of August 2026, the average rent in Portland, OR is $1,852 per month across 23 apartment communities and 110 available units. Rents have increased $56 (2.7%) over the past month.
The most affordable option is The Lafayette starting at $1,050/mo. By unit type, a studio averages $1,852/mo.
Prices range from $1,050 to $7,211 per month. The most common price point is the $1,600 range, where 29 units are currently listed.
Portland, OR Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| April 2026 | $2,195 | - | 7 |
| May 2026 | $2,084 | -$111 | 17 |
| June 2026 | $2,057 | -$27 | 19 |
| July 2026 | $2,060 | +$3 | 26 |
| August 2026 | $2,088 | +$28 | 24 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Portland, OR
Rent Prices by Apartment in Portland, OR
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Lafayette | $1,050/mo | $1,050/mo | 1 | 4.6 |
| Home (Vista St. Clair | $1,170/mo | $1,170/mo | 1 | 3.5 |
| Park 19 Apartments | $1,296/mo | $1,827/mo | 6 | 4.2 |
| Harbor Sky | $1,306/mo | $1,884/mo | 26 | 3.8 |
| Hollis | $1,313/mo | $1,332/mo | 3 | 4.9 |
| 10th @ Hoyt | $1,336/mo | $1,336/mo | 1 | 4.4 |
| The Rodney | $1,380/mo | $1,390/mo | 2 | 4.6 |
Frequently Asked Questions About Rent in Portland, OR
What is the average rent in Portland, OR?
Is rent going up or down in Portland, OR?
What is the cheapest apartment in Portland, OR?
How many apartments are available in Portland, OR?
What salary do I need to live comfortably in Portland, OR?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$74,000/year
Based on the 30 percent rule, using our tracked average rent of $1,852/mo.
Comfortable income
$89,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,050/mo), you need to earn at least $42,000/year.
Median household income in Portland, OR is $88,792 , about 0% above the comfortable-living threshold.
Cost of living in Portland, OR
Overall prices in Portland, OR runs above the national average by about 7% (BEA Regional Price Parity index 106.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Portland, OR's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,852 |
| Utilities | $537 |
| Groceries | $566 |
| Transportation | $1,279 |
| Healthcare | $624 |
| Other goods and services | $998 |
| Estimated total | $5,856/mo |
Population
642,715
Median household income
$88,792
Census median rent
$1,596/mo
Rent as % of income
30.6%
Median age
38.6
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Portland, OR Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Portland, OR Apartments
Browse all 23 communities with daily-updated pricing and availability.