Cheap Apartments for Rent in Portland, OR
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PET FRIENDLY$825 - $1,495/mo
Studio-1 Bed
1 BathThe Commodore Apartments | 1615 SW Morrison St #213,
Portland, OR 97205
PET FRIENDLY
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INCOME RESTRICTED$845 - $1,131/mo1-2 Beds1 BathHazel Heights Apartments | 12621 SE Stark St #debf84c26,
Portland, OR 97233
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Average Rent Trends in Portland, OR
Rent in Portland, OR varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,675 |
| Jul 2025 | $1,750 |
| Aug 2025 | $1,795 |
| Sep 2025 | $1,805 |
| Oct 2025 | $1,800 |
| Nov 2025 | $1,795 |
| Dec 2025 | $1,776 |
| Jan 2026 | $1,736 |
| Feb 2026 | $1,716 |
| Mar 2026 | $1,691 |
| Apr 2026 | $1,686 |
| May 2026 | $1,683 |
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 | $1,445 | $1,800 | $2,624 | $3,595 | $1,691 |
| Townhomes | $1,645 | $2,275 | $2,595 | $3,650 | $2,495 |
| Apartments and Condos | $1,495 | $1,795 | $2,786 | $6,474 | $1,623 |
| Houses | $1,472 | $2,350 | $2,800 | $3,495 | $2,850 |
Frequently Asked Questions about Rentals in Portland, OR
- What is the average rent of an apartment in Portland, OR?The average rent of an apartment in Portland, OR is $1,541 per month. This is about 20% lower than the national average.
- What is the average rent of a house in Portland, OR?The average rent of a house in Portland, OR is $2,850 per month. This is about 48% higher than the national average.
- What is the average rent of a townhome in Portland, OR?The average rent of a townhome in Portland, OR is $2,495 per month. This is about 29% higher than the national average.
- When is the average rent cheapest in Portland, OR?In the last year, the average rent in Portland, OR was lowest in Jun 2025 when it was $1,675 per month.
- When is the average rent most expensive in Portland, OR?In the last year, the average rent in Portland, OR was highest in Jan 2025 when it was $1,823 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Portland, OR?The average rent of a 1 bedroom apartment in Portland, OR is $1,445 per month. That is about $245 more than the cost of a studio apartment.
- How many available rental listings are in Portland, OR?There are 2,495 available rental listings in Portland, OR.
- What colleges and universities are in Portland, OR?Colleges and universities in Portland, OR include: Portland State University.
- What are some neighborhoods in Portland, OR?Some neighborhoods in Portland, OR include: Hazelwood, Powellhurst Gilbert, Centennial, Lents, Cedar Mill.
- What are some zip codes in Portland, OR?
- What are some cities near Portland, OR?Some nearby cities include: West Slope, Raleigh Hills, Garden Home-Whitford, Metzger, Rockcreek. These cities may have more rental options to explore.