Cheap Apartments for Rent in 97201
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SPECIAL OFFERPET FRIENDLYTotal price$1,307 - $2,423/mo
Studio-2 Beds
1-2 BathsTanner Flats | 2004 SW Jefferson St,
Portland, OR 97201
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SPECIAL OFFERPET FRIENDLYINCOME RESTRICTEDTotal price$1,374 - $1,609/moStudio-1 Bed1 BathMuseum Place | 1030 SW Jefferson St,
Portland, OR 97201
SPECIAL OFFERPET FRIENDLY$1,389 - $3,939/moStudio-3 Beds1-2 BathsArrive University Park | 1720 SW 4th Ave,
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 increased in Sep 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,800 |
| Nov 2025 | $1,795 |
| Dec 2025 | $1,711 |
| Jan 2026 | $1,699 |
| Feb 2026 | $1,762 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,656 |
| May 2026 | $1,567 |
| Jun 2026 | $1,562 |
| Jul 2026 | $1,654 |
| Aug 2026 | $1,608 |
| Sep 2026 | $1,712 |
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 | $1,548 | $2,100 | $2,999 | $7,490 | $1,728 |
| Townhomes | $1,548 | $2,400 | — | — | $2,045 |
| Apartments and Condos | $1,753 | $2,195 | $2,299 | — | $2,000 |
| Houses | — | — | $3,399 | $8,000 | $6,500 |
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 $1,625 per month. This is about 17% lower than the national average.
- What are the cheapest months to find an apartment to rent in 97201?Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $1,623 per month.
- How many cheap apartments are available in 97201?There are 52 apartments to rent that are cheaper than the city’s average rent of $1,728.
- 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 $1,548 per month. That is about $495 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 97201 - 457 Rentas | Trulia