Rents are 10% below what Gresham's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,601 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Gresham usually run 0.9% below trend in January and 0.6% above it in September, about $24 a month apart at today's median. Based on 10 years of data.
Rent in Gresham is 0.7% below its high of $1,612 in November 2024, at $1,601 as of September 2026.
Rent in Gresham changed -0.4% over the year to September 2026. Across the 54 Oregon cities Zillow tracks, the typical change was +1.9%.
From 2019 to 2024, rent in Gresham rose 28.1% while median household income rose 43.8% ($54,084 to $77,795). Income kept ahead of rent.
Rent in Gresham is 24.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($77,795) is $1,945 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,925); a 3-bedroom is $2,640.
From Zillow's monthly rent index (ZORI) for Gresham. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Gresham, OR is majority owner-occupied, 23.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Gresham, OR has changed in 5 years
Since 2021, the typical rent in Gresham, OR has increased from $1,344 to $1,601, a 19.1% change over five years. Household income in the area moved from $61,826 to $77,795 across the same window, up 25.8% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 1.6% since 2021, moving from about 114,164 residents to roughly 112,378. Reading these numbers side by side helps frame whether current listings in Gresham, OR look reasonable against where the market sat half a decade ago.
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Can you afford rent in Gresham on your salary?
At $1,601/mo, how Gresham rent compares to typical pay (30% rule).
Gresham rent by bedroom count
Median rent for each apartment size in Gresham. Click any size for full breakdown.
Tips for renters in Gresham
Last updated: October 17, 2026
The median rent in Gresham is $1,601/mo as of October 2026. A studio apartment averages $1,570/mo while a 2-bedroom runs $1,925/mo. One-bedroom apartments average $1,685/mo and 3-bedroom units go for $2,640/mo.
At 25% of local median household income ($77,795/yr), Gresham ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.4% over the past year.
Frequently asked questions
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How does Gresham rent compare to other cities in Oregon?
At $1,601/mo, rent takes ~25% of Gresham's median household income ($77,795/yr). The standard benchmark is 30%.
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