Millhouse
1985-1988 NW Savier St,
Portland, OR 97209
$1,304 - $4,135
Studio - 2 Beds
Portland has a reputation as a quirky and unique community, and Downtown absolutely matches that description. The local population represents a patchwork quilt of backgrounds—a stroll down any given street will likely involve seeing buttoned-up corporate professionals, bohemian artists, and everything in between. The result is a wild menagerie of sophisticated urban amenities, beautifully preserved history, original art, and the inimitably laid-back Pacific Northwest personality.
The relatively compact layout makes this part of town excellent for pedestrians and cyclists, with relatively small city blocks housing businesses and apartments in very close proximity to one another. The city’s experimental spirit influences virtually every aspect of Downtown, from the meticulous craft found in the local coffeehouses, restaurants, and cocktail bars to the thriving art and music scene to the often-iconoclastic style that many locals embrace. All in all, it’s a wonderful place to live, work, and play for folks who like to color outside the lines.
Downtown's Director Park
Walkway on a fall afternoon
The artistic Terry Schrunk Plaza
Portland's tiny Mill End Park
Shopping in Downtown Portland
Veteran's memorial in Lownsdale Square Park
As of January 2026, the average apartment rent in Downtown Portland is $1,836 for a studio, $2,173 for one bedroom, $2,245 for two bedrooms, and $2,915 for three bedrooms. Apartment rent in Downtown Portland has decreased by -1.1% in the past year.
Studio
371 sq ft
Average Sq Ft
$1,836/month
Average Rent
1 BR
630 sq ft
Average Sq Ft
$2,173/month
Average Rent
2 BR
754 sq ft
Average Sq Ft
$2,245/month
Average Rent
3 BR
0 sq ft
Average Sq Ft
$2,915/month
Average Rent
3,458
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.