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497 Apartments for rent in Portland, OR

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Last updated November 23 at 10:06pm UTC
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City Guide
Portland
Living in the Pacific Northwest

Every region boasts a unique set of perks and challenges to human survival. Here are some considerations you ought to weigh in choosing a place to live.

Rain: Oregon’s called the Evergreen State for a reason: rainfall amounts to forty inches a year in Portland, over half this amount accruing between November and February. So you’ve got to be prepared to conduct your daily existence in the bald threat of wetness. Invest in some good boots and a raincoat. And—if you’re a bike commuter—front and back fenders are absolutely essential.

Sun: The maritime climate may keep temperatures mild (it rarely strays more than fifteen degrees on either side of 53° F, the annual average), but latitude dictates surprisingly short winter days. If you’re worried about seasonal affective disorder, be sure to choose a pad with lots of natural light and south-facing windows.

Transport: Think of Portland as the littlest brother in a trio of Pac NW cities: Vancouver, British Columbia, and Seattle, Washington, lie to the north along the heavily trafficked I-5 corridor. Portland has decent public transport options, and Amtrak offers rail travel north as well as south (to Corvallis and Eugene). But if you aim to make it out to stunning Cannon Beach or up to staggering Mt. Hood, both within a 100 miles of the metro area, you’ll need a car. (Just make sure it’s a hybrid!)

Neighborhood Breakdown: The Quadrant System

Portland is bisected vertically by the Willamette River and horizontally by Burnside St., rendering four quadrants: Southwest, Northwest, Southeast, and Northeast. Yet the ubiquitous “Keep Portland Weird” slogan characterizes even the city’s geography. That’s right, there’s a fifth “quadrant,” North Portland.

SW Portland: Home to two of the city’s largest universities, Portland State and OHSU, Southwest is the quieter option for those hungry for downtown amenities. Upscale dining without the touristy bustle? Find it here. Brownstone duplex apartments.

NW Portland: The veritable heartbeat of Portland’s financial sector. PGE Park hosts MLS soccer games, Powell’s City of Books always has a world-renowned author lecturing, and Nob Hill’s got the highest per capita boutique greeting card stores. The only quadrant where the average building height exceeds five stories. Chic and contemporary studios.

SE Portland: The original bohemian ghetto. This neighborhood birthed Stumptown Coffee almost 20 years ago and Hawthorne St. has more vintage clothing stores than stoplights. Can’t stop showing off your fixie? Contemplating yet another tattoo? You’ll love Southeast. Room in a shared co-op.

NE Portland: Highest percentage of homes on the historic registry. Beautiful, tree-lined avenues scattered by the occasional brewpub or roastery. Serene and suburban (but not, ya know?). Renovated “Old Portland” craftsman house.

N Portland: Recently revitalized, North is quickly becoming the new artist hotbed. Home to Adidas, a replica of the Golden Gate Bridge, and a slew of Ethiopian restaurants. Condo near the Mississippi Arts District.

Portland is a diverse town—in more ways than one. Fitting yourself into that diversity can be a trial, but feeling comfortable in your place of residence is propriety number one. Good luck, and welcome to Bridgetown, USA!

Rent Report
Portland

November 2017 Portland Rent Report

Welcome to the November 2017 Portland Rent Report. Portland rents declined over the past month. In this report, we'll evaluate trends in the Portland rental market, including comparisons to similar cities nationwide.

Portland rents declined over the past month

Portland rents have declined 0.8% over the past month, and are down slightly by 0.4% in comparison to the same time last year. Currently, median rents in Portland stand at $1,140 for a one-bedroom apartment and $1,350 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Portland's year-over-year rent growth lags the state average of 2.0%, as well as the national average of 2.7%.

Other large cities nationwide show more affordable rents compared to Portland

As rents have fallen slightly in Portland, many other large cities nationwide have seen prices increase, in some cases substantially. Compared to most similar cities across the country, Portland is less affordable for renters.

  • Portland's median two-bedroom rent of $1,350 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.4% decline in Portland.
  • While rents in Portland fell slightly over the past year, many cities nationwide saw increases, including Las Vegas (+4.8%), Seattle (+4.2%), and Phoenix (+4.1%).
  • Renters will generally find more expensive prices in Portland than most other large cities. For example, Phoenix has a median 2BR rent of $1,020.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

Portland Renter Confidence Survey
National study of renter confidence in the economy, homeownership, and cities
Here's how Portland ranks on:
B Overall satisfaction
B Safety and crime rate
C Jobs and career opportunities
B+ Recreational activities
D Affordability
C+ Quality of schools
C+ Weather
C+ Commute time
B State and local taxes
A Public transit
B Pet-friendliness
Best Worst
Full data available when viewing on a non-mobile device.
Overview of Findings

Apartment List has released results for Portland from the second annual Apartment List Renter Satisfaction Survey. The survey, which drew on responses from over 30,000 renters, provides insight into what states and cities must do to meet the needs of the 105 million American renters nationwide.

“Portland renters are generally satisfied with their city overall, with many categories receiving average or above average ratings” says Andrew Woo, Director of Data Science at Apartment List. “With rents rising especially in coastal cities, it comes as no surprise that cost of living is a source of dissatisfaction here.”

Key findings in Portland include the following:

  • Portland renters gave their city a B overall in satisfaction.
  • The highest-rated category for Portland was access to public transit (A).
  • Renters seem to be generally satisfied with things like pet friendliness (B), safety (B), and state and local taxes (B).
  • The biggest sources for dissatisfaction here is affordability/cost of living (D).
  • Millennial renters seem to be especially satisfied with the city, giving it an A- overall.
  • Portland renter satisfaction was relatively on par with nearby city Seattle (B+) as well as similarly sized city Las Vegas (B-).
  • The top rated cities nationwide for renter satisfaction included Arlington, VA; Lincoln, NE; Pasadena, CA; Boston, MA; and Madison, WI. The lowest rated cities included Newark, NJ; Bronx, NY; Bridgeport, CT; Baltimore, MD; and Salinas, CA.

Renters say:

  • “I love the entire feel of the city. There are amazing restaurants to eat at, tons of great local bands, and big acts to choose from on any night. So many outdoor activities; the mountain and ocean are all within 2 hours. In the city there are a ton of hiking trails, parks, and river-accessible areas. I couldn't imagine living anywhere else. The only thing I dislike about the city is the infrastructure. The city is growing so fast, and the infrastructure needs some serious updating.” —Rebecca H.
  • “Friendly locals are so nice, and perfect public transportation.” —Xiujuan W.
  • “I hate the ridiculous rents because you have to make a huge amount of money to be able to afford a good place to live…” —Kerry M.