Rents are 4% below what Portland'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 $1,723 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: August 17, 2026
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Who lives here
Portland, OR is roughly split between renters and owners, has a median income above the national average, 53.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Portland, OR has changed in 5 years
Across the past five years, the going rent in Portland, OR has shifted from $1,460 to $1,723, up 18.0% since 2021. Census figures show median household income at $90,919 today, compared with $78,476 five years earlier. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
Discussions about Portland
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Can you afford rent in Portland on your salary?
At $1,723/mo, how Portland rent compares to typical pay (30% rule).
Portland rent by bedroom count
Median rent for each apartment size in Portland. Click any size for full breakdown.
Tips for renters in Portland
Last updated: August 17, 2026
The median rent in Portland is $1,723/mo as of August 2026. A studio apartment averages $1,663/mo while a 2-bedroom runs $2,039/mo. One-bedroom apartments average $1,785/mo and 3-bedroom units go for $2,802/mo.
At 23% of local median household income ($90,919/yr), Portland ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.
Frequently asked questions
Is Portland an affordable city for renters?
How much income do you need to rent in Portland?
Is rent going up or down in Portland?
Which Portland neighborhoods have the lowest rent?
How does Portland rent compare to other cities in Oregon?
Which nearby cities are cheaper to rent in than Portland?
What percentage of Portland residents rent vs. own?
How does Portland rent compare to the national average?
At $1,723/mo, rent takes ~23% of Portland's median household income ($90,919/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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