Cheap Apartments for Rent in 97201
80 rentals
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NEW - 18 HRS AGOSPECIAL OFFERPET FRIENDLY$1,099 - $3,675/mo
Studio-3 Beds
1-3 BathsCollective on 4th | 1818 SW 4th Ave #6569275,
Portland, OR 97201
$1,199 - $1,699/moStudio-2 Beds1 BathGoose Apartments | 1415 SW Columbia St #101,
Portland, OR 97201
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SPECIAL OFFERPET FRIENDLY$1,199 - $1,499/moStudio-1 Bed1 Bath11 Marche Apartments | 1115 SW Market St #409,
Portland, OR 97201
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SPECIAL OFFERPET FRIENDLY$1,365 - $2,430/moStudio-2 Beds1-2 BathsTanner Flats Apartments | 2004 SW Jefferson St #102,
Portland, OR 97201
SPECIAL OFFERPET FRIENDLYTotal price$1,375 - $2,538/moStudio-2 Beds1-2 BathsCyan/PDX | 1720 SW 4th Ave #609,
Portland, OR 97201
SPECIAL OFFERPET FRIENDLYTotal price$1,383 - $2,069/mo1-2 Beds1-2 BathsThe Cameron | 1500 SW 12th Ave #1-301,
Portland, OR 97201
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Average Rent Trends in 97201
Rent in 97201 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,623 |
| Jul 2025 | $1,695 |
| Aug 2025 | $1,816 |
| Sep 2025 | $1,921 |
| Oct 2025 | $1,800 |
| Nov 2025 | $1,795 |
| Dec 2025 | $1,711 |
| Jan 2026 | $1,699 |
| Feb 2026 | $1,765 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,659 |
| May 2026 | $1,567 |
Average Rent By Bedroom and Home Type
In May 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 | $1,469 | $2,230 | $3,295 | $8,000 | $1,588 |
| Townhomes | — | $2,822 | $2,895 | — | $2,822 |
| Apartments and Condos | $1,650 | $2,325 | $2,249 | $13,157 | $1,733 |
| Houses | $715 | $2,300 | $4,500 | $3,995 | $3,849 |
Frequently Asked Questions about Rentals in 97201
- What is the average rent of an apartment in 97201?The average rent of an apartment in 97201 is $1,511 per month. This is about 22% lower than the national average.
- What is the average rent of a house in 97201?The average rent of a house in 97201 is $3,849 per month. This is about 99% higher than the national average.
- What is the average rent of a townhome in 97201?The average rent of a townhome in 97201 is $2,822 per month. This is about 46% higher than the national average.
- When is the average rent cheapest in 97201?In the last year, the average rent in 97201 was lowest in Jun 2025 when it was $1,623 per month.
- When is the average rent most expensive in 97201?In the last year, the average rent in 97201 was highest in Sep 2025 when it was $1,921 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 97201?The average rent of a 1 bedroom apartment in 97201 is $1,469 per month. That is about $313 more than the cost of a studio apartment.
- How many available rental listings are in 97201?There are 96 available rental listings in 97201.
- What are some cities near 97201?Some nearby cities include: Portland, Raleigh Hills, West Slope, Garden Home-Whitford, Metzger, Milwaukie. These cities may have more rental options to explore.