Updated 5 Hours Ago
Highlights
- Outside dining
- Interior courtyard
- Modern rich apartments
Location
205 Nw Couch St, Portland, OR 97209, USA|Old Town - Chinatown
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Property Overview
Modern Rich Apartments has a solid overall Zumper rating, with especially strong marks for location and amenities, plus a good level of trustworthiness. It stands out for outside dining and an interior courtyard, along with nearby parks, gyms, restaurants, mixed-use spaces, and public transit.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby
Great for
Social life
Wellness
Eco living
Floor plans
| 0BR/1.0BA | Studio | 1 bath | $649 /mo | 1 unit available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 34 |
|---|
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About Modern Rich Apartments
In September 2012 IHI celebrated the grand opening of the Modern Rich Apartments, bringing 34 modern studio units to Portland's Old Town neighborhood. Originally built in 1905 as a railroad hotel, this great old building has housed many people over the decades and is now home to 34 people who work, go to school, and enjoy affordable living in Portland's downtown core. The Modern Rich's efficient urban studios blend an edgy modern aesthetic with cool historic elements and provide much-needed affordable workforce housing in Old Town. We punched the second floor light well through to the ground floor and created an interior courtyard that provides outdoor space for residents, access to new ground floor residential units, and outside dining for a new restaurant in one of seven revitalized commercial storefronts. IHI completed this project without any public funding, which gives us maximum flexibility in design and use, and also preserves scarce affordable housing resources.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.1
/10
Very GoodModern Rich Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·6A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Modern Rich Apartments is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Modern Rich Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Modern Rich Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Modern Rich Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Modern Rich Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Modern Rich Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Modern Rich Apartments compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Old Town - Chinatown
studio apartments at Modern Rich Apartments cost about 32% less than the average rent price for studio apartments in Old Town - Chinatown.
Median rents as of Aug 29 2026.
Old Town - Chinatown
Portland
| Month | Median Rent |
|---|---|
| September 2024 | $1,235 |
| October 2024 | $1,219 |
| November 2024 | $1,202 |
| December 2024 | $1,199 |
| January 2025 | $1,193 |
| February 2025 | $1,193 |
| March 2025 | $1,180 |
| April 2025 | $1,178 |
| May 2025 | $1,178 |
| June 2025 | $1,175 |
| July 2025 | $1,174 |
| August 2025 | $1,196 |
| September 2025 | $1,185 |
| October 2025 | $1,150 |
| November 2025 | $1,173 |
| December 2025 | $1,163 |
| January 2026 | $1,147 |
| February 2026 | $1,152 |
| March 2026 | $1,195 |
| April 2026 | $1,185 |
| May 2026 | $1,187 |
| June 2026 | $1,180 |
| July 2026 | $1,195 |
| August 2026 | $1,182 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,238 |
| October 2024 | $1,275 |
| November 2024 | $1,141 |
| December 2024 | $1,234 |
| January 2025 | $1,052 |
| February 2025 | $995 |
| March 2025 | $995 |
| April 2025 | $995 |
| May 2025 | $995 |
| July 2025 | $1,199 |
| August 2025 | $1,247 |
| September 2025 | $1,234 |
| October 2025 | $995 |
| November 2025 | $995 |
| December 2025 | $1,055 |
| January 2026 | $959 |
| February 2026 | $987 |
| March 2026 | $972 |
| April 2026 | $942 |
| May 2026 | $906 |
| June 2026 | $1,083 |
| July 2026 | $1,023 |
| August 2026 | $950 |
Affordability calculator
Can I afford to live at 205 Nw Couch St?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$25,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $25,960 annually to afford this studio monthly rent price of $649.
For more information on rent affordability, visit our rent calculator.
Schools near Modern Rich Apartments
Chapman Elementary School
1445 nw 26th ave
portland, OR, 97210
K-5Public
B
Winterhaven School
3830 se 14th ave
portland, OR, 97202
K-8Public
A-
Rose City Park
2334 ne 57th ave
portland, OR, 97212
K-5Public
B+
Functional Living Skills Program
11611 ne ainsworth cir
portland, OR, 97220
K-12Public
Flex Online School
10740 ne walker rd ste b
hillsboro, OR, 97006
K-12Public
A
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Internet available near Modern Rich Apartments
Neighborhood
Old Town - Chinatown | Portland, OR
Getting around Portland near 205 Nw Couch St
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
10/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 205 Nw Couch St, Portland
Groceries
10/10
Several grocery stores nearby
Shopping
9/10
Wide variety of shops within a few minutes' walk
Cafes
9/10
Variety of cafés within a few minutes' walk
Restaurants
9/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
9/10
Large amount of park space nearby
Nightlife
10/10
Variety of bars right on the street
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Check availability
This property is intended for those with income restrictions.