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141 1 Bedroom Apartments for rent in Portland, OR

Last updated December 19 at 1:47pm UTC
The Carson Apartments
2121 Northwest Savier Street
Portland, OR
Updated December 19 at 1:25pm UTC
1 Bedroom
$2,269
Hawthorne Twenty Six
2625 SE Hawthorne Blvd
Portland, OR
Updated December 19 at 1:23pm UTC
1 Bedroom
$1,450
The Margot
2919 Southeast Division Street
Portland, OR
Updated December 19 at 12:46pm UTC
1 Bedroom
$1,425
Sunshine Portland
3610 Southeast 29th Avenue
Portland, OR
Updated December 19 at 12:45pm UTC
1 Bedroom
$1,475
Move the House Apartments
3810 Southeast Division Street
Portland, OR
Updated December 19 at 12:19pm UTC
1 Bedroom
$1,425
Hawthorne 31 Apartments
1515 Southeast 31st Avenue
Portland, OR
Updated December 19 at 12:40pm UTC
1 Bedroom
$1,325

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.