233 Houses for rent in Portland, OR

Last updated July 19 at 9:48am UTC
13062 NW Corso Lane
Cedar Hills - Cedar Mill
Portland, OR
Updated July 19 at 9:48am UTC
4 Bedrooms
$2,645
4835 SE Brooklyn Street
Richmond
Portland, OR
Updated July 19 at 9:48am UTC
3 Bedrooms
$1,795
11042 SW 51st Ave
West Portland Park
Portland, OR
Updated July 19 at 9:48am UTC
3 Bedrooms
$2,395
309 SE 83rd Avenue
Montavilla
Portland, OR
Updated July 19 at 9:48am UTC
3 Bedrooms
$1,795
6637 N. Mears Street
St. Johns
Portland, OR
Updated July 19 at 9:48am UTC
4 Bedrooms
$2,695
707 N Hayden Island Dr, # 427
Hayden Island
Portland, OR
Updated July 19 at 9:46am UTC
2 Bedrooms
$2,695
2324 SE 47th Avenue
Richmond
Portland, OR
Updated July 19 at 9:46am UTC
2 Bedrooms
$2,395
7055 NE Mallory Avenue
Piedmont
Portland, OR
Updated July 19 at 9:46am UTC
2 Bedrooms
$1,895
1829 NW LOVEJOY ST. #312
Nob Hill
Portland, OR
Updated July 19 at 9:46am UTC
Studio
$1,295
1631 NW Everett Street Apt 205
Nob Hill
Portland, OR
Updated July 19 at 9:46am UTC
Studio
$1,195
1304 SW 58th Ave.
Sylvan-Highlands
Portland, OR
Updated July 19 at 9:46am UTC
3 Bedrooms
$3,200
15052 NW Central Dr., Unit 904
Sommerset West - Elmonica North
Portland, OR
Updated July 19 at 9:45am UTC
1 Bedroom
$1,200
1331 NE 46th Ave.
Hollywood
Portland, OR
Updated July 19 at 9:45am UTC
3 Bedrooms
$2,495
2525 N Kilpatrick St.
Kenton
Portland, OR
Updated July 19 at 9:45am UTC
3 Bedrooms
$2,095
5825 NE Alberta Street
Cully
Portland, OR
Updated July 19 at 9:44am UTC
4 Bedrooms
$2,150
7334 SW 27th Ave
Multnomah Village
Portland, OR
Updated July 19 at 9:44am UTC
3 Bedrooms
$2,495
1630 SE 88th Avenue
Montavilla
Portland, OR
Updated July 19 at 9:43am UTC
3 Bedrooms
$1,550
1417 NW 23rd Avenue
Nob Hill
Portland, OR
Updated July 19 at 9:43am UTC
2 Bedrooms
$1,995
7380 NW 168th Ave
Sommerset West - Elmonica North
Portland, OR
Updated July 19 at 9:43am UTC
4 Bedrooms
$2,495
12004 N JANTZEN BEACH AVENUE
Hayden Island
Portland, OR
Updated July 19 at 9:42am UTC
1 Bedroom
$1,100
3515 SW 12th Avenue
Homestead
Portland, OR
Updated July 19 at 9:42am UTC
3 Bedrooms
$2,295
224 SW Woods Street
South Portland
Portland, OR
Updated July 19 at 9:41am UTC
2 Bedrooms
$1,995
1811 NW COUCH ST. #209
Nob Hill
Portland, OR
Updated July 19 at 9:41am UTC
Studio
$975
2243 NE 11th Ave
Irvington
Portland, OR
Updated July 19 at 9:46am UTC
6 Bedrooms
$4,450

July 2018 Portland Rent Report

Welcome to the July 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

July 2018 Portland Rent Report

Welcome to the July 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 declined moderately over the past month

Portland rents have declined 0.3% over the past month, and have decreased significantly by 3.1% 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 third straight month that the city has seen rent decreases after an increase in March. Portland's year-over-year rent growth lags the state average of -1.1%, as well as the national average of 1.4%.

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 8 of the largest 10 cities in the Portland metro for which we have data. Oregon as a whole logged rent growth of -1.1% 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 $2,000; of the 10 largest cities in the metro that we have data for, Hillsboro, where a two-bedroom goes for $2,000, is the only other major city besides Portland to see rents fall year-over-year (-1.6%).
  • Springfield, Vancouver, and Corvallis have all experienced year-over-year growth above the state average (3.7%, 3.1%, and 2.0%, respectively).

Portland rents more affordable than many comparable cities nationwide

As rents have fallen significantly in Portland, many similar cities nationwide have seen prices increase, in some cases substantially. Portland is also more affordable than most other large 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 1.4% over the past year compared to the 3.1% decline in Portland.
  • While rents in Portland fell significantly over the past year, many cities nationwide saw increases, including Las Vegas (+4.9%), Phoenix (+2.3%), and Los Angeles (+1.6%).
  • Renters will find more reasonable prices in Portland than most similar cities. For example, San Francisco has a median 2BR rent of $3,070, 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 -0.3% -3.1%
Vancouver $1,390 $1,640 0.3% 3.1%
Gresham $1,400 $1,650 0.1% 1.4%
Hillsboro $1,700 $2,000 0.4% -1.6%
Beaverton $1,490 $1,760 0.7% 0.6%
Lake Oswego $1,670 $1,970 0.6% 0.4%
Tualatin $1,560 $1,840 -1.1% 0.8%
Wilsonville $1,490 $1,760 2.5% 5.0%

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.