Average Rent in Downtown Portland, Portland, OR and Rent Price Trends

Rent trends in Downtown Portland, Portland, OR

Average rent prices in Downtown Portland have decreased by 4% over the last month and have increased by 6% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Downtown Portland, Portland, OR

Rent prices in Downtown Portland vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Downtown Portland is $1,345, whereas a house costs $4,800. 1-bedroom apartments in Downtown Portland run $1,300 on average, while 2-bedroom apartments are $1,865.


Studio	$1,075	2%	6%
1 bedroom	$1,367	2%	8%
2 bedroom	$1,950	10%	5%
3 bedroom	$2,950	52%	26%
4 bedroom	$6,499	13%	-

		Listings
Buckman	$1,545
Corbet Terwilliger Lair Hill	$1,505
Goose Hollow	$1,299
Kerns	$1,490
Northwest District	$1,475
Pearl	$2,025


Apartments	$1,345	2%	No Change
Condos	$1,650	29%	No Change
Houses	$4,800	25%	129%

Studio

Average rent

$1,075

Last 30 days

Last year

1 bedroom

Average rent

$1,367

Last 30 days

Last year

2 bedroom

Average rent

$1,950

Last 30 days

10%

Last year

3 bedroom

Average rent

$2,950

Last 30 days

52%

Last year

26%

4 bedroom

Average rent

$6,499

Last 30 days

13%

The table above reflects average rent prices in Downtown Portland, Portland, OR, 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.

How does rent in Downtown Portland, Portland, OR compare to other neighborhoods?

Compare median rent prices in Downtown Portland and Buckman by all bedroom counts and property types.

Downtown Portland

Median rent price$1,367

28%

lower than the national median

Median rent price$1,545

19%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Portland, Portland, OR is 11% lower than the median rent in Buckman, Portland, OR.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

Buckman

$1,545

Flat

Last year

Corbet Terwilliger Lair Hill

$1,505

$1,299

$1,490

$1,475

$2,025

Discover rentals in Downtown Portland, Portland, OR

Fountain Place Apartments - Photo 1 of 1

5d+ ago

8.5

Very good

Fountain Place Apartments

929 Sw Salmon St, Portland, OR 97205

Studio

1 bath

$860

2d ago

8.5

Very good

Hamilton West

1212 Sw Clay St, Portland, OR 97201

Studio

1 bath

$879

4h ago

8.6

Very good

Cambrian Apartments

1129 Sw Columbia St, Portland, OR 97201

Studio–1 bed

1 bath

$925–$1,195

Price drop

Rent special

11h ago

Downtown Portland apartment for rent in Portland

Clay & Tiffany

1515 Sw 11th Ave, Portland, OR 97201

Studio–1 bed

1 bath

$949–$1,350

5d+ ago

Downtown Portland apartment for rent in Portland

Tranquility inside. City adventures outside. Discover both at Empire Apartments.

1217 Sw 11th Ave #307, Portland, OR 97205

1 bed

1 bath

$995

14h ago

8.6

Very good

Beverly Alder Apartments

1117 Sw Alder St, Portland, OR 97205

Studio–1 bed

1 bath

$1,015–$1,275

5d+ ago

9.2

Excellent

1402-1406 SW 12th Ave

1402 Sw 12th Ave, Portland, OR 97201

Studio–1 bed

1 bath

$1,025–$1,125

3D tour

1d ago

9.6

Excellent

Verified

The Vue

1717 Sw Park Ave, Portland, OR 97201

Studio–3 beds

1–2 baths

$1,036–$3,200

Call

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Frequently asked questions for Downtown Portland, Portland, OR

Quick answers to common questions about the Downtown Portland rental market.

How much is rent in Downtown Portland?

The average rent in Downtown Portland is $1,367 per month as of September 19, 2026.

Is rent up or down in Downtown Portland?

Average rent prices in Downtown Portland have decreased by 4% over the last month and have increased by 6% since last year.

How does Downtown Portland rent compare to the national average?

Rent in Downtown Portland is 28% below the national average, which means renters are paying approximately $532 less per month.

What salary do I need to afford rent in Downtown Portland?

To comfortably afford rent in Downtown Portland, you'd need to earn approximately $55,000/year, based on spending no more than 30% of your income on rent.

Methodology

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).

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