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 increased by 2% over the last month and have decreased by 1% 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 $1,250, whereas a house costs $4,500. 1-bedroom apartments in Downtown Portland run $1,295 on average, while 2-bedroom apartments are $1,899.


Studio	$1,025	No Change	7%
1 bedroom	$1,295	No Change	No Change
2 bedroom	$2,202	6%	7%
3 bedroom	$3,500	3%	16%
4 bedroom	$4,500	13%	17%

		Listings
Buckman	$1,550
Corbet Terwilliger Lair Hill	$1,552
Goose Hollow	$1,305
Kerns	$1,397
Northwest District	$1,350
Pearl	$2,139


Apartments	$1,250	1%	No Change
Condos	$1,850	No Change	No Change
Houses	$4,500	43%	No Change

Studio

Average rent

$1,025

Last 30 days

No Change

Last year

1 bedroom

Average rent

$1,295

Last 30 days

No Change

Last year

No Change

2 bedroom

Average rent

$2,202

Last 30 days

Last year

3 bedroom

Average rent

$3,500

Last 30 days

Last year

16%

4 bedroom

Average rent

$4,500

Last 30 days

13%

Last year

17%

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$1,287

34%

lower than the national median

Median rent price$1,550

21%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Portland, Portland, OR is 17% lower than the median rent in Buckman, Portland, OR.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

Buckman

$1,550

12%

Last year

Corbet Terwilliger Lair Hill

$1,552

$1,305

$1,397

$1,350

$2,139

Discover rentals in Downtown Portland, Portland, OR

5d+ 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

5d+ ago

8.6

Very good

1126 SW 12th Avenue

1126 Sw 12th Ave, Portland, OR 97205

Studio

1 bath

$825–$1,050

Apartment for rent

Rent special

2h ago

9.7

Excellent

Verified

Cumberland Apartments

1405 Sw Park Ave, Portland, OR 97201

Studio

1 bath

$900–$1,025

Apartment for rent

Call

No deposit

5d+ ago

8.8

Very good

Gretchen Kafoury Commons

1240 Sw Columbia St, Portland, OR 97201

Studio–1 bed

1 bath

$900–$1,100

Apartment for rent

Washington Plaza Apartments - Photo 1 of 1

No deposit

7h ago

9.2

Excellent

Washington Plaza Apartments

1129 Sw Washington St, Portland, OR 97205

Studio–1 bed

1 bath

$915–$1,155

Apartment for rent

3d ago

9.6

Excellent

Verified

The Gentry Apartments

909 Sw 12th Ave, Portland, OR 97205

Studio

1 bath

$925–$975

Apartment for rent

Call

14h ago

9.8

Excellent

Verified

Clay & Tiffany

1515 Sw 11th Ave, Portland, OR 97201

Studio–1 bed

1 bath

$949–$1,395

Price drop

Apartment for rent

Call

Rent special

5d+ ago

Very good

Palladian Apartments

614 Sw Jackson St, Portland, OR 97201

Studio

1 bath

$955

Apartment for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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 $1,287 per month as of June 20, 2026.

Is rent up or down in Downtown Portland?

Average rent prices in Downtown Portland have increased by 2% over the last month and have decreased by 1% since last year.

How does Downtown Portland rent compare to the national average?

Rent in Downtown Portland is 34% below the national average, which means renters are paying approximately $663 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 $51,000/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).

Apartments for rent in Aloha

Apartments for rent in Beaverton

Apartments for rent in Cedar Hills

Apartments for rent in Fairview

Apartments for rent in Gresham

Apartments for rent in Hazel Dell

Apartments for rent in Hillsboro

Apartments for rent in Keizer

Apartments for rent in McMinnville

Apartments for rent in Milwaukie

Apartments for rent in Oak Grove

Apartments for rent in Oregon City