Millhouse
1985-1988 NW Savier St,
Portland, OR 97209
$1,375 - $4,325
Studio - 2 Beds
Rental Market Trends in Portland, OR
What is the average rent in Portland, OR?
$1,520/month
Average Rent
646 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
As of October 2025, the average rent in Portland, OR is $1,520 per month. For comparison, the national average rent price in the US is currently $1,631/month, which means Portland rent prices are 7% lower than the national average. When you rent an apartment in Portland, you can expect to pay about $1,245 per month for a studio, $1,520 for a one-bedroom apartment, and around $1,809 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,126 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Portland, OR?
In the past year, rent has increased by 0.6%, which averages out to $9 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024
2025
Rent Ranges in Portland, OR
Last Updated October 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
15%
$700 - $1,000/month
48%
$1,001 - $1,500/month
27%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Portland?
Based on current rent prices, Lawndale, Gateway and Centennial are the most affordable neighborhoods in Portland.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Portland?
Based on current rent prices, Goose Hollow, Holladay Park and Alphabet District are the most expensive neighborhoods in Portland.
Neighborhood
Average Rent
Average Sq Ft
Which Portland neighborhoods have the most rentals available?
The neighborhoods in Portland with the most apartments available are Northeast Portland, Downtown Portland and Northwest Portland .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Portland, OR?
Because the average rent in Portland is $1,520, you’ll want to make about $5,066 per month or $60,792 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Portland, OR is 16.8% higher than the national average. Generally, housing in Portland is 44.9% more expensive than the national average, with rent falling between $1,245 - $2,126. You can expect to pay 6.9% more for groceries, 11.0% less for utilities, and 26.7% more for transportation.
How does Portland, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Portland, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,122/month
One Bedroom
-
$1,644/month
Two Bedroom
-
$2,702/month
Three Bedroom
-
$3,546/month
Nearby City Rent Trends
Apartment communities in Portland we think you'll love
Property Management Companies in Portland, OR
Avenue5 Residential
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520
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115,833
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209
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47 Communities in Portland
Greystar
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3,435
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948,447
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872
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34 Communities in Portland
Legacy Property Management
-
43
Communities
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994
Units
-
8
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33 Communities in Portland
SVN International Corp
-
63
Communities
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3,377
Units
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32
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18 Communities in Portland
Meritus Property Group, LLC
-
23
Communities
-
1,834
Units
-
6
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17 Communities in Portland
Princeton Property Management
-
32
Communities
-
2,541
Units
-
11
Cities
16 Communities in Portland
Commercial & Residential Management Group
-
29
Communities
-
2,688
Units
-
11
Cities
14 Communities in Portland
FPI Management
-
622
Communities
-
106,854
Units
-
220
Cities
13 Communities in Portland
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Methodology
† 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 September 2025.
* Percentages may not total 100 due to rounding.