Bedroom count
Property type
Last updated on September 5, 2026
Last updated on September 5, 2026
Bedroom count
Property type
Median rent in Portland
$995/mo
vs previous year
The average rent in Portland is $995 per month as of August 2026. This is 48% below the national average rent, or $915 less per month.
average price per square foot
Available rentals in Portland
31
for rent on Zumper.com as of August 2026
Share of Portland rentals at each price point
Average rent prices in Portland have decreased by 7% over the last month and have decreased by 3% since last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Rent prices in Portland vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Portland is $897, whereas a house costs $1,100. 1-bedroom apartments in Portland run $750 on average, while 2-bedroom apartments are $900.
Listings | ||||
|---|---|---|---|---|
1 bedroom | $780 | 3% | 6% | |
2 bedroom | $935 | 1% | 8% | |
3 bedroom | $1,285 | 3% | 2% | |
4 bedroom | $1,400 | 4% | 7% |
Listings | ||
|---|---|---|
California | $1,050 | |
Chickasaw | $1,250 | |
Downtown New Albany | $1,175 | |
Parkland | $1,200 | |
Russell | $990 | |
Shawnee | $1,065 |
Listings | ||||
|---|---|---|---|---|
Apartments | $897 | 1% | No Change | |
Condos | $1,200 | No Change | - | |
Houses | $1,100 | 5% | No Change | |
Rooms | $725 | - | - |
1 bedroom
Average rent
$780
Last 30 days
3%
Last year
6%
2 bedroom
Average rent
$935
Last 30 days
1%
Last year
8%
3 bedroom
Average rent
$1,285
Last 30 days
3%
Last year
2%
4 bedroom
Average rent
$1,400
Last 30 days
4%
Last year
7%
California
Average rent
$1,050
Chickasaw
Average rent
$1,250
Parkland
Average rent
$1,200
Russell
Average rent
$990
Shawnee
Average rent
$1,065
Downtown New Albany
Average rent
$1,175
Apartments
Average rent
$897
Last 30 days
1%
Condos
Average rent
$1,200
Houses
Average rent
$1,100
Last 30 days
5%
Rooms
Average rent
$725
The table above reflects average rent prices in Portland, Louisville, KY, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
Compare median rent prices in Portland and California by all bedroom counts and property types.
Portland
lower than the national median
lower than the national median
Takeaway
The median rent for all rentals in Portland, Louisville, KY is 5% lower than the median rent in California, Louisville, KY.
Explore rent trends in neighboring markets
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Quick answers to common questions about the Portland rental market.
The average rent in Portland is $995 per month as of August 29, 2026.
Average rent prices in Portland have decreased by 7% over the last month and have decreased by 3% since last year.
Rent in Portland is 48% below the national average, which means renters are paying approximately $915 less per month.
To comfortably afford rent in Portland, you'd need to earn approximately $40,000/year, based on spending no more than 30% of your income on rent.
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).