Last updated on August 9, 2026

Average rent in
Downtown Portland, Portland, OR

Median rent

Median rent in Downtown Portland

$1,360/mo

increased by6%

vs previous year

The average rent in Downtown Portland is $1,360 per month as of August 2026. This is 29% below the national average rent, or $565 less per month.

$2.07

average price per square foot

Total rentals

Available rentals in Downtown Portland

62

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Downtown Portland rentals at each price point

55%41%28%14%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Downtown Portland, Portland, OR

Average rent prices in Downtown Portland have increased 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 $1,337, whereas a house costs $4,247. 1-bedroom apartments in Downtown Portland run $1,395 on average, while 2-bedroom apartments are $1,850.

Listings

Studio

$1,009

No Change

3%

1 bedroom

$1,395

1%

1%

2 bedroom

$2,080

2%

2%

3 bedroom

$3,062

32%

6%

4 bedroom

$4,500

13%

-

Studio

Average rent

$1,009

Last 30 days

No Change

Last year

3%

1 bedroom

Average rent

$1,395

Last 30 days

1%

Last year

1%

2 bedroom

Average rent

$2,080

Last 30 days

2%

Last year

2%

3 bedroom

Average rent

$3,062

Last 30 days

32%

Last year

6%

4 bedroom

Average rent

$4,500

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$1,360
decreased by29%

lower than the national median

Median rent price$1,556
decreased by19%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Portland, Portland, OR is 13% lower than the median rent in Buckman, Portland, OR.

Discover rentals in Downtown Portland, Portland, OR

2045 S River Pkwy - Photo 1 of 1

5d+ ago

Downtown Portland apartment for rent in Portland

Apartment for rent

523 Sw 13th Ave - Photo 1 of 1

5d+ ago

Downtown Portland apartment for rent in Portland

Apartment for rent

Hamilton West - Photo 1 of 1

1d ago

8.5

Very good

Hamilton West

1212 Sw Clay St, Portland, OR 97201

Studio–1 bed

1 bath

$789–$1,292

Apartment for rent

2045 S River Pkwy - Photo 1 of 1

5d+ ago

Downtown Portland apartment for rent in Portland

Apartment for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,360 per month as of August 8, 2026.

Is rent up or down in Downtown Portland?

Average rent prices in Downtown Portland have increased 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 29% below the national average, which means renters are paying approximately $565 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 $54,000/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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