Apartments for Rent in Centennial, Portland, OR

Centennial, Portland apartment availability

Centennial's rental market offers a good selection of listings, with an average of 72 rentals available each month. The neighborhood's inventory is comprised mostly of 2-bedroom apartments, followed by 1-bedroom and 3-bedroom units. Many of these apartments feature desirable amenities, including dishwashers and in-unit laundry, which are available in approximately half of the rentals. Additionally, about 49% of Centennial apartments are pet-friendly with some restrictions, making this neighborhood a viable option for renters with pets.

Centennial, Portland rental market trends

The Centennial neighborhood in Portland saw a modest rent increase of about 0.8% last year, with the average monthly rent for all bed counts and property types reaching $1,433. Breaking it down by bed count, 1-bedrooms averaged $1,230 per month, a 3.1% increase from the previous year. The average rent for 2-bedrooms was $1,474, while studios averaged $1,049, a 2.3% decrease from the previous year.

In terms of seasonality, June typically sees the highest rent prices, with a 6.5% increase compared to May, the month with the lowest rent. If you're looking for a new apartment, May might be a good time to find a deal. On the other hand, if you're looking to rent out a property, June is likely to be the most lucrative month.

It's worth noting that the rental market in Centennial is relatively stable, with minimal fluctuations in rent prices throughout the year. This stability can make it easier for both renters and landlords to plan and budget accordingly.

Why Centennial, Portland is a great place to live

Centennial is a top choice for renters who prioritize pet friendliness and social living. According to 2024 data, apartments in Centennial often feature pet-friendly amenities such as pet waste stations, ample space for pets to rest, pet-safe windows, and outdoor spaces. The neighborhood also hosts pet events and has minimal pet restrictions, making it an ideal spot for pet owners. Additionally, Centennial's high walk score, well-maintained street infrastructure, and diverse neighborhood age distribution contribute to its vibrant social scene. With convenient transit options and a strong safety record, Centennial is an excellent option for renters seeking a lively community and a great quality of life for themselves and their pets.