Last updated August 24, 2026

Average Rent in Portland, OR & Rent Trends

Rent prices and market trends across 29 apartment communities in Portland, OR. Updated daily.

Area All Areas Kerns North Portland Northwest Portland Pleasant Valley Southeast Portland Southwest Hills Sunderland Wilkes Community Group

Portland 97205 97210 97217

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$1,986/mo

▲ +10.1% from last month

Lowest Available

$1,185/mo

cheapest unit on market

Communities

tracked daily

Units Listed

315

available now

Price Cuts This Week in Portland, OR

85 listed units across 16 buildings offering 1 bed units in Portland, OR dropped their asking rent in the past 7 days, an average cut of $147/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
The Payton	Unit 710PH	$4,867	$4,275	$592

See today's prices on all 315 listed units

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
North Portland	$1,686	▲ $74	$1,200	2	9
Wilkes Community Group	$1,508	▲ $91	$1,200	2	22
Pleasant Valley	$1,470	▼ $44	$1,470	1	1
Sunderland	$1,385	▲ $230	$1,385	1	2

Is Rent Going Up or Down in Portland, OR?

As of August 2026, the average rent in Portland, OR is $1,986 per month across 29 apartment communities and 315 available units. Rents have increased $203 (10.1%) over the past month.

The most affordable option is Home (Vista St. Clair starting at $1,185/mo. By unit type, a 1-bedroom averages $1,986/mo.

Prices range from $1,185 to $3,749 per month. The most common price point is the $1,600 range, where 75 units are currently listed.

Portland, OR Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
April 2026	$2,122	-	8
May 2026	$2,012	-$110	23
June 2026	$2,019	+$7	27
July 2026	$1,990	-$29	32
August 2026	$2,062	+$72	30

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

1 Bed

$1,986

from $1,185 · 315 units

Rent Prices by Apartment in Portland, OR

Property	Starting at	Average	Units	Rating
Home (Vista St. Clair	$1,185/mo	$1,185/mo	1	3.5
The Melrose	$1,200/mo	$1,200/mo	1	4.2
The Davenport	$1,251/mo	$1,365/mo	5	4.1
Amara	$1,343/mo	$1,524/mo	6	4.5
505 DEKUM	$1,385/mo	$1,385/mo	2	4.6
Hollis	$1,467/mo	$1,598/mo	3	4.9
Harbor Sky	$1,473/mo	$1,615/mo	27	3.8
The Parker	$1,501/mo	$1,653/mo	12	4.6
Prose Hayden Island	$1,503/mo	$1,607/mo	20	4.5
10th @ Hoyt	$1,505/mo	$1,619/mo	5	4.4
Yard	$1,541/mo	$1,737/mo	16	3.7
Modera Pearl	$1,586/mo	$1,772/mo	11	4.1
The Rodney	$1,679/mo	$2,089/mo	12	4.6
Essex House Apartments	$1,691/mo	$1,733/mo	8	4.5
Tindell & Co.	$1,695/mo	$1,823/mo	2	3.8
Millhouse	$1,699/mo	$2,178/mo	97	4.8
The Louisa Apartments	$1,719/mo	$2,205/mo	12	4.1
Park Avenue West Apartments	$1,727/mo	$2,225/mo	12	3.8
North Hollow	$1,762/mo	$1,817/mo	2	4.1
The Gossamer	$1,776/mo	$1,837/mo	9	4.7
Kearney Plaza	$1,839/mo	$1,959/mo	3	4.2
Slabtown Flats	$1,860/mo	$1,918/mo	3	3.9
5 MLK	$1,890/mo	$2,161/mo	11	4.1
Indigo Apartments	$1,934/mo	$2,289/mo	8	4.6
Kado NW	$2,015/mo	$2,027/mo	3	4.2
Saltwood Apartments	$2,132/mo	$2,512/mo	12	4.5
The Payton	$2,182/mo	$2,182/mo	1	4.6
Raleigh Slabtown Apartments	$2,193/mo	$2,269/mo	2	4.7
The Residences at 11W	$2,429/mo	$2,785/mo	9	4.6

Frequently Asked Questions About Rent in Portland, OR

What is the average rent in Portland, OR?

The average rent in Portland, OR is $1,986 per month as of August 2026, based on 315 units across 29 apartment communities.

Is rent going up or down in Portland, OR?

Rent in Portland, OR has increased $203 (10.1%) over the past month. The current average is $1,986/mo.

What is the cheapest apartment in Portland, OR?

The most affordable apartment in Portland, OR is Home (Vista St. Clair with units starting at $1,185/mo.

How much is a 1-bedroom apartment in Portland, OR?

A 1-bedroom apartment in Portland, OR averages $1,986/mo, with prices starting at $1,185/mo across 315 available units.

How many apartments are available in Portland, OR?

There are 315 units available across 29 apartment communities 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

$79,000/year

Based on the 30 percent rule, using our tracked average rent of $1,986/mo.

Comfortable income

$95,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,185/mo), you need to earn at least $47,000/year.

Median household income in Portland, OR is $88,792 , about 7% 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	Source
Rent (market average)	$1,986	daily refresh
Utilities	$537	BLS × BEA RPP
Groceries	$566	BLS × BEA RPP
Transportation	$1,279	BLS × BEA RPP
Healthcare	$624	BLS × BEA RPP
Other goods and services	$998	BLS × BEA RPP
Estimated total	$5,990/mo	$71,876/year

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.

Oregon Rent Trends

Compare rent across all Oregon cities

Portland, OR Neighborhood Rent Map

See rent history by neighborhood on a map

Explore Portland, OR on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how Portland, OR rents stack up against the national median