Average Rent In Portland, OR Is $1,522 – October 2019
Are you searching for a rental property in the PDX area? If so, as of October, 2019 it’s going to cost you an average rent of $1,522 per month to rent an apartment that’s an average size of 765 square feet.
The average size for a Portland, OR apartment is 765 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. (Source – Rentcafe.com)
More Portland Oregon Rental Market Information
125,406 or 48% of the households in Portland, OR are renter-occupied while 135,543 or 51% are owner-occupied.
Unlike a couple of years ago when the PDX rental market was like the “wild west”, Portland’s rental market has been slowing recently and rents have only increased by just 2% in the last year.
The most affordable neighborhoods in Portland are Cully, where the average rent goes for $762/month, Parkrose, where renters pay $972/mo on average, and Parkrose Heights, where the average rent goes for $972/mo. If you’re looking for other great deals, check out the listings from Sumner ($972), Woodland Park ($972), and West Centennial ($1,126), where the asking prices are below the average Portland rent of $1,522/mo.
The most expensive neighborhoods in Portland are Nob Hill – Northwest District ($1,838), Old Town Portland – Chinatown ($1,879) and The Pearl ($1,893).
Find Your Portland Oregon Rental
Are you planning on renting a home, condo or apartment in the PDX rental market? If so, we can help you find the perfect rental! Contact our property management team today by calling us at (503) 447-7735 or click here to connect with us online.