Portland renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Portland is about $1,554 per month. This puts it in the 92nd percentile compared to the state average cost of rent, which is $1,355. Households in Portland have a median income of $6,725 per month so the average renter in Portland is spending roughly 23% of their earnings on housing.
Nationally, and in Portland, home values are the data point most closely correlated with the cost of rent. The median price of a home in Portland is $503,623 right now, which is lower than cities nearby, meaning that rents in Portland also tend to be lower versus these nearby cities.
Higher rent prices are common in the southern parts of Portland while lower rent rates are often available in northwestern areas.
Nearby Cities
- Portland, OR: comparable rent prices
- Maywood Park, OR: more expensive rent prices
- Milwaukie, OR: less expensive rent prices
- Oak Grove, OR: more expensive rent prices
- Happy Valley, OR: more expensive rent prices
- Oatfield, OR: less expensive rent prices
- Lake Oswego, OR: more expensive rent prices
- Cedar Mill, OR: more expensive rent prices
- Johnson City, OR: less expensive rent prices
- Clackamas, OR: less expensive rent prices
Cities with Similar Populations
- Fort Myers, FL: less expensive rent prices
- Seattle, WA: more expensive rent prices
- El Paso, TX: less expensive rent prices
- Denver, CO: more expensive rent prices
- Colorado Springs, CO: more expensive rent prices
- Stockton, CA: more expensive rent prices
- Columbus, OH: less expensive rent prices
- Little Rock, AR: less expensive rent prices
- Akron, OH: less expensive rent prices
- Boise, ID: less expensive rent prices
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