Gresham, OR Rental Market
Gresham is the fourth-largest city in Oregon and Portland's most established eastern suburb, connected to downtown Portland via the MAX Blue Line light rail and offering meaningfully lower home prices than Portland proper. Its position as a logistics hub — home to major distribution centers and manufacturing operations — alongside its light rail commuter access creates a dual-income tenant base of blue-collar logistics workers and white-collar commuters who prefer suburban living at Portland-adjacent costs.
Get a rent estimate for an address in GreshamAverage Rent in Gresham, OR
$1,550
per month · 2026-06
Market Score
Key Facts — Gresham, OR Rental Market
- Average rent in Gresham, OR:$1,550/mo
- Median rent:$1,426/mo
- Rent range:$775 – $3,400/mo
- Most common rental (2 bedrooms):$1,375/mo
- Active listings:520
- Avg days to lease:28 days
- Year-over-year change:+3.0%
- Median home value:$390,000
- Est. gross annual yield:4.8%
- Data as of:2026-06
Rent by Bedroom in Gresham, OR
Average monthly rent for each bedroom type based on current active listings in Gresham.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,125/mo |
2 Bedrooms | $1,375/mo |
3 Bedrooms | $1,725/mo |
4 Bedrooms | $2,150/mo |
5 Bedrooms | $2,450/mo |
Gresham Rental Market Statistics
Key indicators from the current Gresham, OR rental market.
520
Available now in Gresham
28
From list to lease
$1.19
Average across listings
1,300 sq ft
Typical rental size
$775 – $3,400
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Gresham, OR Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$390,000
Typical purchase price in Gresham
Est. Gross Annual Yield
4.8%
Before expenses & vacancy
Avg Monthly Income
$1,550
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Gresham for a full cash-flow breakdown including all costs.
Gresham, OR Rental Market FAQ
Common questions about renting and investing in Gresham, OR.
What is the average rent in Gresham, OR?
The average rent in Gresham, OR is $1,550 per month as of 2026. One-bedroom apartments average $1,125/mo, two-bedrooms average $1,375/mo, and three-bedroom homes average $1,725/mo. Neighborhoods near the MAX Blue Line stations and Gresham Town Fair offer the most convenient commuter access and tend to lease fastest, while the Rockwood area provides the most affordable options in the broader Portland eastside.
Is Gresham, OR a good place to invest in rental property?
Gresham offers a 4.8% estimated gross yield — slightly better than Portland proper — with steady 3.0% year-over-year rent growth. MAX Blue Line connectivity to downtown Portland and the Lloyd District makes it attractive for commuters who want lower rents than the city. Lower acquisition costs than Portland proper provide better entry economics, though Oregon rent stabilization applies to older properties here as well.
How competitive is the Gresham, OR rental market?
Gresham has approximately 520 active listings and averages 28 days on market. Properties near MAX Blue Line stations move fastest, driven by Portland commuters seeking affordable access to the metro. The logistics and distribution sector near the I-84/I-205 interchange also creates consistent year-round demand from industrial workers, particularly for 2- and 3-bedroom family units in the Centennial and Pleasant Valley neighborhoods.
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