Average Rent in Portland, OR
38 apartment buildings, 562 units. Daily asking prices with rent history for every building.
Cheapest
$1,050/mo
The Lafayette
Properties
38
tracked daily
Units
562
available now
Portland, OR Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 38 properties in Portland, OR.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Portland, OR Rent Prices
All 38 properties ranked by lowest available rent.
Greenbridge Properties
511 SW 10th Ave #1008, Portland, OR 97205, USA
The Lafayette
730 SW 16th Ave, Portland, OR 97205, USA
Stadium Station Apartments
737 SW 17th Ave, Portland, OR 97205, USA
Home (Vista St. Clair
1000 SW Vista Ave, Portland, OR 97205, USA
Benford Court
1300 NE 181st Ave, Portland, OR 97230, USA
The Melrose
6734 N Fessenden St, Portland, OR 97203, USA
The Davenport
665 NE 178th Ave, Portland, OR 97230, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Greenbridge Properties 511 SW 10th Ave #1008, Portland, OR 97205, USA | $915 as of Jun 11 | $1,727 | $2.25 | 4.2 (201) | 48 |
| 2 | The Lafayette 730 SW 16th Ave, Portland, OR 97205, USA | $1,050 | $1,050 | $3.50 | 4.6 (19) | 1 |
| 3 | Stadium Station Apartments 737 SW 17th Ave, Portland, OR 97205, USA | $1,100 as of Aug 10 | $1,189 | $2.16 | 4.2 (45) | 3 |
| 4 | Home (Vista St. Clair 1000 SW Vista Ave, Portland, OR 97205, USA | $1,170 | $1,338 | $2.37 | 3.5 (77) | 3 |
| 5 | Benford Court 1300 NE 181st Ave, Portland, OR 97230, USA | $1,200 | $1,273 | $1.78 | 3.6 (27) | 2 |
| 6 | The Melrose 6734 N Fessenden St, Portland, OR 97203, USA | $1,200 | $1,349 | $1.84 | 4.2 (39) | 3 |
| 7 | The Davenport 665 NE 178th Ave, Portland, OR 97230, USA | $1,251 | $1,532 | $1.73 | 4.1 (87) | 20 |
Rent & Price History by Building
Greenbridge Properties
4.2 (201)511 SW 10th Ave #1008, Portland, OR 97205, USA
The Lafayette
4.6 (19)730 SW 16th Ave, Portland, OR 97205, USA
Stadium Station Apartments
4.2 (45)737 SW 17th Ave, Portland, OR 97205, USA
Home (Vista St. Clair
3.5 (77)1000 SW Vista Ave, Portland, OR 97205, USA
Benford Court
3.6 (27)1300 NE 181st Ave, Portland, OR 97230, USA
The Melrose
4.2 (39)6734 N Fessenden St, Portland, OR 97203, USA
By Area
Portland, OR neighborhoods
Tracked buildings across 11 named neighborhoods. Pick one to see its apartments.
Portland, OR Average Rent Prices 2026
The average rent in Portland, OR is $2,189 per month, based on 562 units across 38 apartment communities. Prices range from $1,050 at The Lafayette to $9,103 at The Residences at 11W.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,852/mo | $1,050/mo | 110 |
| 1 Bed | $1,986/mo | $1,185/mo | 315 |
| 2 Bed | $2,857/mo | $1,200/mo | 134 |
| 3 Bed | $6,014/mo | $3,592/mo | 3 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Portland, OR apartments earn?
The 6 buildings we can estimate generate about $2.3M in rental revenue per month ($27M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.The Residences at 11W | $761K/mo | $3,181 / $3,766 | 94% | 214 |
| 2.The Rodney | $431K/mo | $2,216 / $2,016 | 93% | 230 |
| 3.Modera Pearl | $426K/mo | $1,949 / $1,560 | 94% | 290 |
| 4.The Payton | $330K/mo | $3,062 / $2,075 | 98% | 162 |
| 5.The Davenport | $298K/mo | $1,532 / $1,441 | 91% | 227 |
| 1 more estimated building | $8K/mo |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Portland, OR, and what they pay
Tracked one-bedroom rent in Portland, OR averages $1,986/mo, with two-bedroom units averaging $2,857/mo. At the local median household income of $88,792, that works out to 30% of gross income, near the 30 percent affordability ceiling.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Portland, OR at $1,596/mo. The current tracked market average runs 37% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Portland, OR while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Portland
Demand in the Portland rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Intel
- Nike
- Providence Health
- Oregon Health & Science University
- Kaiser Permanente
- Columbia Sportswear
Mean one-way commute in Portland, OR is 25 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
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
$88,000/year
Based on the 30 percent rule, using our tracked average rent of $2,189/mo.
Comfortable income
$105,000/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 15% below 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) | $2,189 |
| Utilities | $537 |
| Groceries | $566 |
| Transportation | $1,279 |
| Healthcare | $624 |
| Other goods and services | $998 |
| Estimated total | $6,193/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.
Compare
Nearby cities in Oregon
How Portland, OR rent compares to other markets in the state.
| City | Avg Rent | vs Portland, OR | 30-Day Change | Properties |
|---|---|---|---|---|
| Bend, OR | $2,093 | -4% | -0.9% | 21 |
| Eugene, OR | $1,983 | -9% | +13.2% | 17 |
| Gresham, OR | $1,666 | -24% | -0.4% | 13 |
| Salem, OR | $1,673 | -24% | +1.2% | 12 |
| Beaverton, OR | $2,001 | -9% | -0.7% | 11 |
| Corvallis, OR | $1,427 | -35% | -0.4% | 11 |
Frequently asked questions
What is the average rent in Portland, OR?
The average rent in Portland, OR is $2,189 per month, based on 562 units across 38 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Portland, OR?
The median asking rent in Portland, OR is $1,992 per month, computed from 562 live listed units and refreshed daily. The average is $2,189/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Portland, OR?
The lowest available rent in Portland, OR starts at $1,050 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Portland, OR?
1-bedroom apartments in Portland, OR average $1,986/mo. The lowest listed 1-bedroom starts at $1,185/mo across 315 units tracked.
How much is a 2-bedroom apartment in Portland, OR?
2-bedroom apartments in Portland, OR average $2,857/mo. Units start from $1,200/mo across 134 units currently listed.
Rent Trends in Portland, OR
Track how apartment prices are changing over time.
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