Last updated
Average Rent in Portland 97217 & Rent Trends
Rent prices and market trends across 3 apartment communities in Portland 97217, Portland, OR. Updated daily.
Market Average
$2,304/mo
▼ 1% from last month
Lowest Available
$1,889/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
24
available now
Portland 97217 vs Portland, OR Average
Portland 97217 is more expensive the Portland, OR average by $75/mo (3%). The citywide average is $2,229/mo across all neighborhoods.
Is Rent Going Up or Down in Portland 97217?
As of May 2026, the average rent in Portland 97217 is $2,304 per month across 3 apartment communities and 24 available units. Rents have decreased $19 (1%) over the past month.
The most affordable option is Prose Hayden Island starting at $1,889/mo. By unit type, a 2-bedroom averages $2,304/mo.
Prices range from $1,889 to $3,099 per month. The most common price point is the $2,200 range, where 9 units are currently listed.
Portland 97217 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Portland 97217
Rent Prices by Apartment in Portland 97217
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Prose Hayden Island | $1,889/mo | $2,259/mo | 13 | 4.5 |
| Kinetic Properties, LLC | $1,895/mo | $1,895/mo | 1 | 4 |
| Harbor Sky | $1,950/mo | $2,404/mo | 10 | 3.8 |
Google Search Trends for Portland 97217 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Portland 97217
What is the average rent in Portland 97217?
Is rent going up or down in Portland 97217?
What is the cheapest apartment in Portland 97217?
How many apartments are available in Portland 97217?
What salary do I need to live comfortably in Portland 97217?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$92,000/year
30 percent rule -- using our average rent of $2,304/mo.
Comfortable income
$111,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,889/mo), you need to earn at least $76,000/year.
Median household income in Portland 97217 is $88,792 , about 20% below the comfortable-living threshold.
Cost of living in Portland 97217
Overall prices in Portland 97217 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 97217's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,304 |
| Utilities | $537 |
| Groceries | $566 |
| Transportation | $1,279 |
| Healthcare | $624 |
| Other goods and services | $998 |
| Estimated total | $6,308/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.
Explore Portland 97217 Apartments
Browse all 3 communities with daily-updated pricing and availability.