Apartments for Rent in Pearl, Portland, OR

Pearl, Portland apartment availability

Pearl's rental market offers a very strong selection of listings, with an average of 162 rentals available each month in 2024. The majority of rentals are 1-bedroom apartments, followed by 2-bedroom and studio apartments. With over 80% of apartments allowing pets, including small pets, Pearl is an excellent choice for pet owners. The neighborhood's rental market accounts for about 4% of total Portland listings, making it a popular destination for renters.

Pearl, Portland rental market trends

Pearl, Portland's rental market is experiencing a slight downturn, with average monthly rents across all property types decreasing by 1.3% year-over-year to approximately $2,022. This trend is reflected in the average rents for 1-bedrooms, 2-bedrooms, and 3-bedrooms, which have decreased by 1.3%, 7.9%, and 21.6%, respectively. However, studio apartments have seen a modest 3% increase in average rent.

The most expensive month to rent in Pearl is March, with average rents about 4.4% higher than in December, the least expensive month. Renters looking for a more affordable option may find better deals in December, when the rental market is less competitive. Overall, Pearl's rental market is becoming more tenant-friendly, with decreasing rents and a wider range of options available.

Why Pearl, Portland is a great place to live

Pearl, Portland is a neighborhood that seamlessly aligns with the lifestyles and interests of its residents. Our analysis of recent data reveals that this area is particularly well-suited for individuals who value social life and fitness wellness.

The neighborhood's vibrant social scene is supported by its array of restaurants, convenient transit options, well-designed street infrastructure, and high walk score, all of which contribute to a safe and engaging community. Additionally, Pearl's emphasis on fitness and wellness is evident in its numerous gyms, yoga studios, and fitness centers, as well as the availability of onsite gym equipment and health-focused events. With its unique blend of social and wellness-oriented amenities, Pearl is an attractive option for renters seeking a dynamic and healthy lifestyle.