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562 Apartments for rent in Portland, OR

Read Guide >
Last updated December 11 at 7:18am UTC
Move the House Apartments
3810 Southeast Division Street
Portland, OR
Updated December 11 at 7:18am UTC
1 Bedroom
$1,425
2 Bedrooms
$1,995
Uptown NW Collection
2240 NW Lovejoy St
Portland, OR
Updated December 11 at 7:08am UTC
Studio
$1,231
1 Bedroom
$1,540
2 Bedrooms
$1,937
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!

December 2018 Portland Rent Report

Welcome to the December 2018 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 cities throughout the state and nation.

View full Portland Rent Report

Rent Report
Portland

December 2018 Portland Rent Report

Welcome to the December 2018 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 cities throughout the state and nation.

Portland rents decline sharply over the past month

Portland rents have declined 0.6% over the past month, and have decreased moderately by 0.6% in comparison to the same time last year. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,320 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in September. Portland's year-over-year rent growth lags the state average of -0.2%, as well as the national average of 1.3%.

Rents rising across cities in the Portland Metro

While rent decreases have been occurring in the city of Portland over the past year, cities in the rest of the metro are seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in the Portland metro for which we have data. Oregon as a whole logged rent growth of -0.2% over the past year. Here's a look at how rents compare across some of the largest cities in the metro.

  • Looking throughout the metro, Hillsboro is the most expensive of all Portland metro's major cities, with a median two-bedroom rent of $2,010; of the 10 largest Oregon metro cities that we have data for, 9 have seen rents rise year-over-year, with Beaverton experiencing the fastest growth (+1.6%).
  • Gresham, Vancouver, and Corvallis have all experienced year-over-year growth above the state average (1.6%, 1.6%, and 1.4%, respectively).

Portland rents more affordable than many comparable cities nationwide

As rents have fallen moderately in Portland, many other large cities nationwide have seen prices increase, in some cases substantially. Portland is also more affordable than most similar cities across the country.

  • Portland's median two-bedroom rent of $1,320 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 0.6% decline in Portland.
  • While rents in Portland fell moderately over the past year, many cities nationwide saw increases, including Las Vegas (+4.4%), Phoenix (+3.2%), and Austin (+3.1%).
  • Renters will find more reasonable prices in Portland than most other large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than twice the price in Portland.

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 1BR price Median 2BR price M/M price change Y/Y price change
Portland $1,120 $1,320 -0.6% -0.6%
Vancouver $1,400 $1,650 0.0% 1.6%
Gresham $1,400 $1,660 -0.2% 1.6%
Hillsboro $1,700 $2,010 -0.8% 0.5%
Beaverton $1,500 $1,770 0.1% 1.6%
Lake Oswego $1,680 $1,980 0.1% 0.9%
Tualatin $1,590 $1,870 -1.7% 5.1%
Wilsonville $1,520 $1,790 1.0% 6.0%
Gladstone $1,530 $1,810 0.2% 1.8%

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.

Renter Confidence Survey

Apartment List has released Portland’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

"Portland renters expressed general satisfaction with the city overall," according to Apartment List. "However, ratings varied greatly across different categories, indicating that even though renter...

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

Apartment List has released Portland’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

"Portland renters expressed general satisfaction with the city overall," according to Apartment List. "However, ratings varied greatly across different categories, indicating that even though renters love Portland, some aspects can be better."

Key Findings in Portland include the following:

  • Portland renters gave their city a B overall.
  • The highest-rated categories for Portland were pet-friendliness and public transit, which both received scores of A.
  • The areas of concern to Portland renters are affordability and commute time, which received D and C scores, respectively.
  • Portland millennials are moderately satisfied with their city, giving it an overall rating of B.
  • Portland did relatively well compared to other Pacific Northwest cities like Spokane (C+) and Tacoma (C+), but earned lower marks than Seattle (B+) and Beaverton (B+).
  • Portland did relatively poorly compared to similar cities nationwide, including Austin (A-), Nashville (A-) and Boston (A).
  • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

Renters say:

  • "There are so many activities both in and outside of the city. Unfortunately, rent is skyrocketing and traffic is getting worse." -Nolan B.
  • "People love living in Portland, which makes it a happy, fun environment. However, people love it so much that it’s crowded and expensive, too." -Chelsea C.
  • "I love how green and vibrant everything is, especially in the summer. I also like the laid-back atmosphere." -Ashley M.

For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.