This April, Portland remained the fourteenth most expensive rental market in the country, with the one bedroom median flat in the month, and up 1.6% in the trailing quarter to $1,300. Two bedrooms rose 2% in the month, settling at a median of $1,530. This puts Portland ahead of Minneapolis, Long Beach, and Atlanta in terms of rent prices, when comparing the top 50 US metro areas by population.
At a neighborhood level, the highest prices in the area were centered around the Pearl District ($1,975), Old Town-Chinatown ($1,595), and Downtown Portland ($1,450). More affordable areas were found to the Southeast and Northeast.
To see how Portland stacks up to the rest of the country, and view full rental data for the top 50 cities in the US, read our National Rent Report for April.
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