Cheap Apartments for Rent in 97232
81 rentals
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SPECIAL OFFERPET FRIENDLYTotal price$1,175 - $1,817/mo
Studio-2 Beds
1-2 BathsSullivan's Ridge | 1710 NE Multnomah St,
Portland, OR 97232
PET FRIENDLYINCOME RESTRICTED
NEW - 1 DAY AGO
SPECIAL OFFERPET FRIENDLY$1,203 - $2,333/moStudio-2 Beds1-2 BathsThe Merrick | 1231 NE Martin Luther King Jr Blvd,
Portland, OR 97232
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,297 - $2,695/moStudio-2 Beds1-2 BathsThe Strauss on Burnside | 77 NE Grand Ave,
Portland, OR 97232
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Average Rent Trends in 97232
Rent in 97232 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Aug 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,653 |
| Oct 2025 | $1,695 |
| Nov 2025 | $1,790 |
| Dec 2025 | $1,568 |
| Jan 2026 | $1,700 |
| Feb 2026 | $1,595 |
| Mar 2026 | $1,499 |
| Apr 2026 | $1,537 |
| May 2026 | $1,683 |
| Jun 2026 | $1,550 |
| Jul 2026 | $1,495 |
| Aug 2026 | $1,504 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,518 | $2,185 | $3,830 | $3,575 | $1,524 |
| Apartments and Condos | $1,650 | $2,000 | $5,215 | — | $1,650 |
| Houses | — | $2,544 | $3,250 | $3,575 | $3,150 |
Frequently Asked Questions about Rentals in 97232
- What is the average rent of an apartment in 97232?The average rent of an apartment in 97232 is $1,540 per month. This is about 22% lower than the national average.
- When is the average rent cheapest in 97232?In the last year, the average rent in 97232 was lowest in Jun 2025 when it was $1,495 per month.
- When is the average rent most expensive in 97232?In the last year, the average rent in 97232 was highest in Nov 2025 when it was $1,790 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 97232?The average rent of a 1 bedroom apartment in 97232 is $1,518 per month. That is about $267 more than the cost of a studio apartment.
- How many available rental listings are in 97232?There are 81 available rental listings in 97232.
- What are some cities near 97232?Some nearby cities include: Portland, Raleigh Hills, West Slope, Garden Home-Whitford, Milwaukie, Metzger. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 97232 - 374 Rentas | Trulia