How much is the average rent in Portland, OR for 1-bedroom and 2-bedroom apartments?

Portland's 2025 rental market shows 1-bedroom apartments averaging around $1,400 per month, while 2-bedroom units average around $1,700 monthly. These figures reflect the current market conditions across the city's diverse neighborhoods.

Are rents going up or down in Portland, OR?

Rents in Portland, OR have slightly declined in 2024, with an average decrease of 2.86% year-over-year. Specifically, 1-bedroom rents decreased by 2.69%, and 2-bedroom rents are around $1,841.

When is the best time to look for an apartment in Portland, OR?

December stands out as the least competitive month with lower demand across the board and the lowest rents of the year. February has the highest rent while April and August are the most competitive months with higher overall demand compared to available inventory.

What are the best neighborhoods to rent an apartment in Portland, OR?

Downtown Portland and Pearl neighborhoods lead with exceptional walk scores and high transit frequency for vibrant social scenes. Old Town - Chinatown and Goose Hollow offer abundant restaurants and well-developed street infrastructure that support active community life.

What areas of Portland, OR are best for budget-conscious renters?

Collins View offers the most savings at around $980 per month, running 30% below the city median. Old Town Chinatown provides another budget option at around $1,150 monthly, which is 18% below median, while Parkrose runs 15% under the city median at around $1,200 per month.

Are there pet-friendly apartments in Portland, OR?

Portland welcomes pet owners with 58% of listings offering pet-friendly policies, reflecting the city's accommodating attitude toward four-legged residents. Russell, Pearl, Sabin, and Richmond neighborhoods are particularly ideal for pet owners, featuring dedicated pet spaces, pet-safe windows, and convenient access to dog parks and pet services.

Are utilities usually included in rent in Portland, OR?

Utilities are rarely included in Portland rental listings, appearing in less than 1% of available apartments across all bedroom types. Three-bedroom apartments have the highest rate of utility inclusion at approximately 0.13% of listings, while studios have the lowest at 0.04%.