Apartments for Rent in Northwest District, Portland, OR

Northwest District, Portland apartment availability

Northwest District's rental market offers a very strong selection of listings, with an average of 463 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Studios and 1-bedroom apartments are the most prevalent, making up a significant portion of the neighborhood's listings. Many of these rentals are pet-friendly, with 75% allowing small pets or having pet-friendly policies with restrictions. This makes Northwest District an attractive option for renters with pets. With its robust rental market and variety of options, Northwest District is a popular choice for those looking for a place to call home in Portland.

Northwest District, Portland rental market trends

The Northwest District in Portland saw a significant decrease in rent prices over the past year, with an average monthly rent of $1,683, reflecting a 12% drop. Breaking it down by bed count, 1-bedrooms average $1,739 per month, a decrease of 11.6% from the previous year. The average rent for a 2-bedroom is around $2,717, while studios average $1,257.

Rent prices in the Northwest District tend to fluctuate throughout the year, with July typically seeing the highest rent prices, 24% higher than December, the month with the lowest rent. If you're looking for a new apartment, winter might be a good time to search, as prices are generally lower. However, if you're looking for a specific type of rental, be prepared for a more competitive market during the summer months.

Why Northwest District, Portland is a great place to live

Northwest District is a top choice for renters who prioritize pet friendliness and social living. According to data, the neighborhood's pet-friendly features, such as pet supply stores, designated pet spaces, pet-safe windows, and access to pet hospitals and grooming services, make it an ideal location for pet owners. Additionally, Northwest District's social scene thrives due to its well-developed street infrastructure, variety of restaurants, frequent transit options, and mixed-use developments, ensuring a safe and vibrant community. With these amenities, renters can easily get out and about with friends, making it a great spot for those who value an active social life.