Apartments for Rent in Hazelwood, Portland, OR

Hazelwood, Portland apartment availability

Hazelwood's rental market offers a strong selection of listings, with an average of 107 rentals available each month in 2024. The majority of rentals in Hazelwood are 2-bedroom apartments, followed by 1-bedroom and 3-bedroom units. Studios are also available, although less common. Many Hazelwood apartments cater to pet owners, with about 60% allowing pets, including small pets. This makes Hazelwood a great option for renters with furry friends. With a range of bedroom sizes and pet-friendly options, Hazelwood is a neighborhood worth considering for those looking for a rental in Portland.

Hazelwood, Portland rental market trends

Hazelwood's rental market in Portland has experienced a decline in prices over the past year. As of 2024, the average monthly rent across all property types stands at $1,378, representing a 7.3% decrease from the previous year. Breaking it down by bedroom count, 1-bedrooms now average $1,208 per month, a 7.6% drop, while 2-bedrooms rent for $1,478, a 2.8% decrease. In contrast, studios have seen an 8.1% increase, now averaging $1,095 per month.

In terms of seasonality, February is the most expensive month to rent in Hazelwood, with prices 7.4% higher than in November, the least expensive month. For renters looking for a better deal, November may be the best time to find a more affordable option. Overall, the decline in rent prices in Hazelwood presents an attractive opportunity for renters to find a more affordable place to live in Portland.

Why Hazelwood, Portland is a great place to live

Hazelwood stands out as a neighborhood that seamlessly blends pet-friendliness with a vibrant social scene, making it an attractive choice for renters with diverse interests.

For pet owners, Hazelwood offers a considerate environment with features like pet waste facilities, dedicated pet spaces in homes, pet-safe windows, and outdoor spaces. The neighborhood also hosts pet events and has a lenient pet policy, allowing pets without restrictions in many apartments.

Simultaneously, Hazelwood fosters a lively social life, thanks to its well-planned street infrastructure, a balanced neighborhood age distribution, and a strong emphasis on safety. The area benefits from frequent transit options and a high walk score, making it easy for residents to explore local attractions and engage with the community. Whether you're a pet enthusiast or someone who thrives on social interactions, Hazelwood has something to offer.