Portland rent prices saw a strong appreciation across all bedroom types this July, as the city remained the thirteenth most expensive rental market in the country. One bedrooms saw an increase of 3.9% in the month to a median of $1,330, while two bedrooms similarly jumped 3.3% to $1,550. Such movements have placed the city ahead of Atlanta, Denver, and Dallas on our list of rent prices across the 50 largest cities in the United States.
At a neighborhood level, the priciest areas to rent this summer continued to be centered around the Pearl District ($2,050), Downtown Portland ($1,500), and Old Town – Chinatown ($1,500). More affordable areas were found to the northeast and southeast of downtown, with median one bedroom prices in the high $900’s to low $1,000’s.
To see how Portland stacks up to the rest of the country, and view full rental data and trends for the top 50 cities in the US, read our National Rent Report for August.
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