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Portland, OR: 315 apartments available for rent

Last updated May 29 at 3:40AM
North Bethany Ridge
15921 NW Brugger Rd
Portland, OR
Updated May 28 at 6:29PM
1 Bedroom
$1,450
2 Bedrooms
$1,730
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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
May 2017 Portland Rent Report

Portland rents grew over the past month

In Portland, rents increased by 0.3% over the past month, and prices are 0.8% higher than they were last year. 1-bedrooms in Portland have a median rent of $1,400, while 2-bedrooms cost $1,600.

Portland is the most expensive city for renters

  • Hillsboro: Hillsboro has the 2nd highest rent prices in Oregon. A 2-bedroom in Hillsboro costs $1,520, and 1-beds go for $1,360. Rents in Hillsboro have grown by 4.5% in the past year.
  • Beaverton: Beaverton has the 4th highest rents in the state. 2-bedrooms in Beaverton run a median rent of $1,400, while 1-bedrooms cost $1,130. Beaverton rents increased by 1.1% over the past month.
  • Bend: Median rents in Bend are at $1,300 for 2-bedrooms and $1,000 for 1-bedrooms. Rents in Bend have grown by 5.3% in the past year, though prices decreased by 0.6% over the last month.

Gresham shows the fastest-growing rents

  • Gresham: Having experienced a 9.1% increase in rents over the past year, Gresham shows the fastest-growing rents in Oregon. 1- and 2-bedrooms in Gresham cost $900 and $1,150, respectively.
  • Eugene: Eugene rents increased by 7.9% in the past year, the 2nd highest increase of any city during that same period. 2-bedrooms in Eugene rent for $1,030, while 1-beds run $750.
  • Salem: Rent prices in the state’s capital grew by 7.6% over the past year, and rents increased by 0.6% over the past month. A 2-bedroom in Salem has a median rent of $940, and 1-bedrooms go for $700.

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.

City Median 1 BR price Median 2 BR price M/M price change Y/Y price change
Portland $1400 $1600 0.3% 0.8%
Hillsboro $1360 $1520 0.3% 4.5%
Lake Oswego $1330 $1500 1.4% -3.3%
Beaverton $1130 $1400 1.1% 2.7%
Bend $1000 $1300 -0.6% 5.3%
Gresham $900 $1150 0.6% 9.1%
Eugene $750 $1030 1.1% 7.9%
Corvallis $800 $1000 0.1% 3.1%
Salem $700 $940 0.6% 7.6%
Springfield $550 $800 0.3% 2.2%

Methodology:

Apartment List Rent Report data is drawn monthly from the millions of listings on our site. 1-bedroom and 2-bedroom rents are calculated as the median for units available in the specified size and time period. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, taking the average price change for units available across both time periods.

About Rent Reports:

Apartment List’s Rent Reports cover rental pricing data in major cities, their suburbs, and their neighborhoods. We provide valuable leading indicators of rental price trends, highlight data on top cities, and identify the key facts renters should know. As always, our goal is to provide price transparency to America’s 105 million renters to help them make the best possible decisions in choosing a place to call home.