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Rental Market Trends in Portland, TN

What is the average rent in Portland, TN?

$993/month

Average Rent

672 Sq Ft

Average Apartment Size

-1%

Decrease in the Last Year

As of March 2026, the average rent in Portland, TN is $993 per month. This is 39% lower than the national average rent of $1,626/month, making renting in Portland more affordable than most cities in the US. When you rent an apartment in Portland, you can expect to pay about per month for a studio, $993 for a one-bedroom apartment, and around $1,254 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,211 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$993/month
672 Sq Ft
Two Bedroom
$1,254/month
1,090 Sq Ft
Three Bedroom
$1,211/month
1,199 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,370/month
744 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, TN?

In the past year, rent has decreased by 1%, which averages out to $9 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Portland, TN
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Portland, TN
Percentage*
Rent Range
0% Below $700/month
20% $700 - $1,000/month
80% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Portland, TN?

Because the average rent in Portland is $993, you’ll want to make about $3,310 per month or $39,720 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.

City

Portland, TN

29 Available Apartments for Rent

Search for Nearby Apartments

How does Portland, TN compare to other nearby cities and neighborhoods?

Use the tool below to compare Portland, TN 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.

Apartment Averages

Nearby City Rent Trends

  • Franklin Average Rent
  • White House Average Rent
  • Gallatin Average Rent

Apartment communities in Portland we think you'll love

Field Haven Apartments

Field Haven Apartments

1077 Gateview Dr,
Portland, TN 37148

$1,325

2 Beds

Sumner Pointe

Sumner Pointe

1048 Magnolia Springs Rd,
Portland, TN 37148

$1,374 - $1,562

2-3 Beds

Portland Courtyard

Portland Courtyard

101 Portland Courtyard Rd,
Portland, TN 37148

$1,150 - $1,395

1-3 Beds

404 Dorris Rd

404 Dorris Rd

404 Dorris Rd,
Portland, TN 37148

$1,450 Total Monthly Price

2 Beds

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United States Tennessee Portland Rental Trends

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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity