ZIP Code · OR

ZIP 97215

Part of Portland, OR

Pop. 17,296·Multnomah County·77th most expensive ZIP in Oregon

Median rent (all units)

$1,672/mo

Year-over-Year

-0.4%

Month-over-Month

-0.4%

vs US Median

-$260

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97215 · $1,672

More affordable than 60% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,490

1 BR

$1,590

2 BR

$1,820

3 BR

$2,480

4 BR+

$2,940

Research median

$1,820/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 97215 usually run 1% below trend in December and 1.9% above it in September, about $48 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 97215 is 2.8% below its high of $1,721 in March 2026, at $1,672 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97215 changed -0.4% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has fallen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($116,264) is $2,907 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,480); a 4-bedroom is $2,940.

Rank in Portland

13th cheapest of 27 ZIP codes in Portland.

Cheaper nearby

ZIP 97227, 4 miles away, rents for 10% less ($1,497/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97215. 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.

Annual cost

$20,064/yr

At $1,672/mo median

Location

CityPortland

StateOR

CountyMultnomah County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.4% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 97215 (Portland, OR) is majority owner-occupied, has a median income above the national average, 68.1% of residents hold a bachelor's degree or higher.

Population

17,296

Median income

$116,264

Median age

42.2

Renters

34.4%

Age distribution

16.3%

20.2%

37.5%

14.5%

Under 1816.3%

18–3420.2%

35–5437.5%

55–6411.6%

65+14.5%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

79%

White79%

Black1.8%

Hispanic7.2%

Asian7.8%

Other4.2%

Education (25+)

18.9%

68.1%

No HS diploma2.6%

HS diploma10.4%

Some college18.9%

Bachelor's+68.1%

Housing tenure

65.6%

34.4%

Owner65.6%

Renter34.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97215 in Portland, OR has changed in 5 years

Rent

$1,417 → $1,672

up 18.0%

Income

$91,680 → $116,264

up 26.8%

Population

17,371 → 17,296

down 0.4%

Renter share

39.2% → 34.4%

-4.8 pts

Bachelor's+

59.3% → 68.1%

+8.8 pts

Median age

40.6 → 42.2

+1.6 yrs

The median rent in ZIP 97215 in Portland, OR stood at $1,417 in 2021 and currently runs about $1,672, reflecting a 18.0% increase over the period. Household income in the area moved from $91,680 to $116,264 across the same window, up 26.8% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 34.4% of households, compared with 39.2% five years ago. College-educated residents now make up 68.1% of adults here, versus 59.3% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 97215 in Portland, OR look reasonable against where the market sat half a decade ago.

Community

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About renting in ZIP 97215

Last updated: October 17, 2026

ZIP code 97215 covers Portland, OR. The median rent here is $1,672/mo as of October 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,820/mo.

At 17% of local median household income ($116,264/yr), ZIP 97215 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97215?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (about $32/hour full-time) to afford the median rent of $1,672/mo in ZIP 97215. The local median household income is $116,264/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97215?

Rent in ZIP 97215 has been roughly flat over the past year as of September 2026, a -0.4% change. It sits 2.8% below its high of $1,721 in March 2026.

When is the cheapest time to rent in ZIP 97215?

Asking rents in ZIP 97215 are usually lowest in December, about 1% below their yearly trend, and highest in September, about 1.9% above it. At today's median that is a gap of roughly $48 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 97215 compare to other ZIPs in Oregon?

ZIP 97215 is one of the more affordable among Oregon ZIP codes for rent, ranking #77 of 114 at $1,672/mo. Over the year to September 2026, rent in ZIP 97215 changed -0.4%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.