Portland, OR Rental Market
Portland is home to the US headquarters of Nike and Adidas, a significant technology corridor anchored by Intel's Hillsboro fabs and a cluster of software and hardware companies, and one of the most distinctive urban food and culture scenes in the country. Oregon's statewide rent control law — which caps annual rent increases for properties over 15 years old at 7% — is a critical factor investors must account for in underwriting, as it shapes both upside and the tenant profile of the city's rental market.
Get a rent estimate for an address in PortlandAverage Rent in Portland, OR
$1,680
per month · 2026-06
Market Score
Key Facts — Portland, OR Rental Market
- Average rent in Portland, OR:$1,680/mo
- Median rent:$1,546/mo
- Rent range:$850 – $3,700/mo
- Most common rental (2 bedrooms):$1,475/mo
- Active listings:3,200
- Avg days to lease:27 days
- Year-over-year change:+2.5%
- Median home value:$450,000
- Est. gross annual yield:4.5%
- Data as of:2026-06
Rent by Bedroom in Portland, OR
Average monthly rent for each bedroom type based on current active listings in Portland.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,200/mo |
2 Bedrooms | $1,475/mo |
3 Bedrooms | $1,875/mo |
4 Bedrooms | $2,325/mo |
5 Bedrooms | $2,650/mo |
Portland Rental Market Statistics
Key indicators from the current Portland, OR rental market.
3,200
Available now in Portland
27
From list to lease
$1.29
Average across listings
1,300 sq ft
Typical rental size
$850 – $3,700
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Portland, OR Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$450,000
Typical purchase price in Portland
Est. Gross Annual Yield
4.5%
Before expenses & vacancy
Avg Monthly Income
$1,680
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 Portland for a full cash-flow breakdown including all costs.
Portland, OR Rental Market FAQ
Common questions about renting and investing in Portland, OR.
What is the average rent in Portland, OR?
The average rent in Portland, OR is $1,680 per month as of 2026. One-bedroom apartments average $1,200/mo, two-bedrooms average $1,475/mo, and three-bedroom homes average $1,875/mo. The Pearl District, Nob Hill, and Division Street corridor command premiums, while East Portland neighborhoods like Lents, Centennial, and Powellhurst-Gilbert offer the most affordable options within city limits.
Is Portland, OR a good place to invest in rental property?
Portland offers a 4.5% estimated gross yield with 2.5% year-over-year rent growth — the slowest in our Oregon coverage. Investors must account for Oregon's statewide rent stabilization law, which limits increases for older properties. The Nike/Adidas headquarters, Intel Silicon Forest, and growing tech sector provide a strong employer base, but the regulatory environment requires more careful underwriting than comparable markets in Washington or Idaho.
How competitive is the Portland, OR rental market?
Portland has over 3,200 active listings and averages 27 days on market — a balanced but active market. The Pearl District, Nob Hill, and close-in Southeast Portland neighborhoods around Division and Mississippi streets see the fastest absorption. New construction properties exempt from rent stabilization (buildings under 15 years old) command a premium and lease particularly quickly, as tenants and investors alike favor them for their flexibility.
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