Cheap Apartments for Rent in 97123
127 rentals
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PET FRIENDLY$1,525 - $1,799/mo
1-2 Beds
1-2 BathsCommons at Creekside Apartments | 5300 E Main St,
Hillsboro, OR 97123
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SPECIAL OFFERPET FRIENDLYTotal price$1,658 - $2,625/mo1-3 Beds1-2 BathsZera At Reeds Crossing | 7001 SE Blanton St,
Hillsboro, OR 97123
SPECIAL OFFERPET FRIENDLY$1,890 - $3,073/mo1-3 Beds1-3 BathsSavanna at Reed's Crossing | 3405 SE Reed Dr,
Hillsboro, OR 97123
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Average Rent Trends in 97123
Rent in 97123 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,395 |
| Nov 2025 | $2,395 |
| Dec 2025 | $2,395 |
| Jan 2026 | $2,300 |
| Feb 2026 | $2,395 |
| Mar 2026 | $2,306 |
| Apr 2026 | $2,450 |
| May 2026 | $2,295 |
| Jun 2026 | $2,395 |
| Jul 2026 | $2,350 |
| Aug 2026 | $2,500 |
| Sep 2026 | $2,483 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,395 | $1,595 | $2,539 | $3,095 | $2,478 |
| Townhomes | — | $2,250 | $2,595 | $3,095 | $2,497 |
| Apartments and Condos | $900 | $1,500 | $1,632 | — | $1,495 |
| Houses | $2,530 | $1,995 | $2,545 | $3,125 | $2,625 |
Frequently Asked Questions about Rentals in 97123
- What is the average rent of an apartment in 97123?The average rent of an apartment in 97123 is $1,536 per month. This is about 21% lower than the national average.
- What are the cheapest months to find an apartment to rent in 97123?Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $2,295 per month.
- How many cheap apartments are available in 97123?There are 59 apartments to rent that are cheaper than the city’s average rent of $2,478.
- When is the average rent most expensive in 97123?In the last year, the average rent in 97123 was highest in Aug 2025 when it was $2,495 per month.
- What are some cities near 97123?
View this page in Spanish: Apartamentos baratos en renta en 97123 - 198 Rentas | Trulia