Average Rent in Portland, OR

Portland offers strong tenant protections under Oregon state law, including a statewide rent increase cap. The city has been moderating from its pandemic-era increases and offers excellent livability for renters.

+0.2%YoY

Studio

$1,200

1-Bedroom

$1,500

2-Bedroom

$1,900

3-Bedroom

$2,350

Market Overview

Year-over-Year Change+0.2%

Vacancy Rate6%

Renter Population47%

Median Income$73,097/yr

Rent-to-Income Ratio24.6%

Cost of Living Index115 (US avg: 100)

Market Condition

Renter-Friendly

Market conditions favor renters. Good time to negotiate.

Tenant Protections

Statewide rent cap (7% + CPI)
90-day notice for increases over 5%
No-cause eviction ban (after 12 months)
Relocation assistance for no-fault evictions
First-in-time tenant screening

HUD Fair Market Rent (2025)

Fair Market Rent (FMR) is set by the U.S. Department of Housing and Urban Development for the Portland-Vancouver-Hillsboro, OR-WA metro area.

Studio

$945

1-Bed

$1,128

2-Bed

$1,368

3-Bed

$1,785

4-Bed

$2,015

Rent by Neighborhood in Portland

Pearl District

Upscale neighborhood with galleries, Powell's Books, and waterfront parks.

Walk Score: 95Safety: 7/10

1-Bed

$1,900

2-Bed

$2,400

3-Bed

$3,000

Alberta Arts District

Artsy neighborhood with Last Thursday art walk, diverse restaurants.

Walk Score: 78Safety: 6/10

1-Bed

$1,400

2-Bed

$1,800

3-Bed

$2,200

Hawthorne

Bohemian neighborhood with vintage shops, cafes, and Mt. Tabor Park.

Walk Score: 75Safety: 7/10

1-Bed

$1,400

2-Bed

$1,800

3-Bed

$2,200

Division/Clinton

Restaurant row with James Beard award-winning eateries and new apartments.

Walk Score: 72Safety: 7/10

1-Bed

$1,500

2-Bed

$1,900

3-Bed

$2,300

St. Johns

Affordable neighborhood with Cathedral Park, bridge views, and community feel.

Walk Score: 55Safety: 6/10

1-Bed

$1,200

2-Bed

$1,500

3-Bed

$1,900

Tips for Renting in Portland

1Oregon caps annual rent increases at 7% + CPI - your landlord cannot exceed this
2Landlords must give 90 days notice for rent increases over 5%
3No-cause evictions are banned for tenants who have lived somewhere 12+ months
4Portland has no sales tax - factor this into your cost of living comparison

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