Rentometer, Inc. | Data as of 10/22/2025
Portland’s vibrant rental market reflects the city’s reputation for eclectic neighborhoods, active street life, and easy access to the surrounding natural beauty of the Pacific Northwest. Renters can choose from modern apartments in the sleek lofts of the Pearl District, historic walk‑ups in the Alberta Arts District, or family‑friendly homes in the leafy streets of Sellwood and Irvington. Proximity to iconic attractions such as Washington Park, the Portland Waterfront, and the bustling Saturday Market adds convenience and lifestyle appeal for both short‑term renters and long‑term residents.
Across the city, rental rates are competitive for the quality of housing offered. Studio units—whether in an apartment building or a standalone house—generally sit in the $1300s, while one‑bedroom options often fall in the $1500‑$1600 range. Larger homes and apartments can command higher rents, with spacious three‑bedroom units typically priced in the $2200‑$2400 bracket and premium four‑plus‑bedroom properties reaching the $3000‑$3400 tier. These price points support a diverse array of living arrangements, from compact studios ideal for young professionals to expansive homes suited for families seeking more space.
The city’s strong public transit network, extensive bike lanes, and walkable streets make it easy to explore Portland’s culinary scene, craft breweries, and cultural venues without relying on a car. Whether you’re drawn to the bustling downtown core, the quiet charm of the West Hills, or the vibrant community feel of neighborhoods like Hawthorne, Portland offers a rental environment that balances affordability, convenience, and the distinctive Pacific‑Northwest lifestyle that residents love.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,378 | $1,351 | $506 - $1,995 | $1,195 - $1,560 |
| Apartment | 1 Bedroom | $1,630 | $1,552 | $600 - $4,684 | $1,321 - $1,810 |
| Apartment | 2 Bedroom | $2,313 | $2,122 | $787 - $5,965 | $1,642 - $2,725 |
| Apartment | 3 Bedroom | $2,176 | $1,972 | $1,639 - $4,032 | $1,900 - $2,295 |
| House | 1 Bedroom | $1,080 | $1,122 | $525 - $1,550 | $750 - $1,550 |
| House | 2 Bedroom | $2,247 | $2,395 | $630 - $3,800 | $1,800 - $2,600 |
| House | 3 Bedroom | $3,044 | $2,800 | $995 - $9,960 | $2,495 - $3,300 |
| House | 4+ Bedroom | $3,629 | $3,449 | $1,975 - $5,490 | $2,975 - $4,295 |
In the current period, the average rent in Portland was $1,376 for Studio, $1,616 for 1 Bedroom, $2,296 for 2 Bedroom, $2,894 for 3 Bedroom, and $3,591 for 4+ Bedroom.
Data provided by Rentometer, Inc.