Highlights
- Outside dining
- Interior courtyard
- Modern rich apartments
Nearby rentals
Renter hub
Property management
Modern Rich Apartments is well-rated with an overall score of 7.1, highlighting its appeal for renters. Offering excellent amenities, a prime location with a rating of 9, and strong transparency, it stands out as a desirable choice. Residents benefit from a vibrant local social scene, abundant fitness options, and a commitment to environmental sustainability, all within a mile of the property.
Things you’ll love
Great for
| 0BR/1.0BA | Studio | 1 bath | $649 /mo | 1 unit available |
One-time.
One-time. Refundable.
| Units | 34 |
|---|
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.
How Modern Rich Apartments compares to other nearby properties.
Positives
Considerations
studio apartments at Modern Rich Apartments cost about 33% less than the average rent price for studio apartments in Old Town - Chinatown.
| Month | Median Rent |
|---|---|
| March 2024 | $1,199 |
| April 2024 | $1,198 |
| May 2024 | $1,213 |
| June 2024 | $1,231 |
| July 2024 | $1,228 |
| August 2024 | $1,223 |
| September 2024 | $1,233 |
| 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 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,489 |
| April 2024 | $1,263 |
| May 2024 | $995 |
| June 2024 | $1,151 |
| July 2024 | $1,290 |
| August 2024 | $1,323 |
| September 2024 | $1,272 |
| 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 | $961 |
Can I afford to live at 205 Nw Couch St?
Bedrooms
StudioRent-to-income ratio
30%
$25,960/yr
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Old Town - Chinatown | Portland, OR