Millhouse
1985-1988 NW Savier St,
Portland, OR 97209
Studio - 2 Beds | $1,379 - $4,021
Rental Market Trends in Portland, OR
Updated September 2026
The average rent in Portland, OR is $1,536/month.
Rent in Portland is roughly equal to the national average rent of of $1,665/month.
$1,536/month
Average Rent
643 Sq Ft
Average Size
+1.2%
Change / Year
5,430
Available Apartments
Portland rent varies by unit size and layout:
- Studio apartments in Portland average $1,254 per month.
- One-bedroom apartments in Portland average $1,536 per month.
- Two-bedroom apartments in Portland average $1,819 per month.
- Three-bedroom apartments in Portland average $2,117 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Portland, OR?
In the past year, rent has increased by 1.2%, which averages out to $19 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Portland, OR
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
14%
$700 - $1,000/month
49%
$1,001 - $1,500/month
28%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Portland?
Based on current rent prices, North Tabor, Rose City Park 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, Alphabet District, Goose Hollow and Uptown Portland 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 $1,536, you’ll want to make about $5,120 per month or $61,440 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 15.4% higher than the national average. Generally, housing in Portland is 33.3% more expensive than the national average, with rent falling between $1,254 - $2,117. You can expect to pay 7.6% more for groceries, 1.7% less for utilities, and 24.1% 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.
View the Portland Area GuideStudio
$1,191/month
-
One Bedroom
$1,273/month
-
Two Bedroom
$1,483/month
-
Three Bedroom
$2,180/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Portland We Think You'll Love
Rental Management, Simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Portland?
The average rent in Portland is $1,536 per month, which is 7.7% lower than the national average of $1,665.
What is the average rent for a house in Portland?
The average rent for a house in Portland, OR is $3,139 per month.
What is the average rent for a townhome in Portland?
The average rent for a townhome in Portland, OR is $2,322 per month.
What is the average rent for a condo in Portland?
The average rent for a condo in Portland, OR is $1,683 per month.
Are rents going up or down in Portland?
Rents in Portland, OR are increasing, with prices up 1.2% year-over-year and $19 more per month.
What rent range is most common in Portland?
In Portland, OR, 49% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.