ZIP Code · OR

ZIP 97701

Part of Bend, OR

Pop. 43,293·Deschutes County·12th most expensive ZIP in Oregon

Median rent (all units)

$2,110/mo

Year-over-Year

+3.4%

Month-over-Month

+0.3%

vs US Median

+$178

Reported rents

Stable (Monthly)

Be the first to discuss 97701 rents ↓

Most AffordableMost Expensive

ZIP 97701 · $2,110

More expensive than 67% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,370

1 BR

$1,380

2 BR

$1,790

3 BR

$2,490

4 BR+

$3,000

Research median

$1,790/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 97701 usually run 1.5% below trend in February and 1.6% above it in July, about $65 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 97701 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of Oregon

Rent in ZIP 97701 changed +3.4% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 6 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($87,739) is $2,193 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,790); a 3-bedroom is $2,490.

Rank in Bend

1st cheapest of 3 ZIP codes in Bend.

From Zillow's monthly rent index (ZORI) for ZIP 97701. 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

$25,320/yr

At $2,110/mo median

Location

CityBend

StateOR

CountyDeschutes County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.4% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 97701 (Bend, OR) is roughly split between renters and owners, 44% of residents hold a bachelor's degree or higher.

Population

43,293

Median income

$87,739

Median age

38.5

Renters

46%

Age distribution

20.3%

24%

27.6%

17.6%

Under 1820.3%

18–3424%

35–5427.6%

55–6410.6%

65+17.6%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

87.3%

White87.3%

Black0.8%

Hispanic10.1%

Asian1.4%

Education (25+)

17.8%

32.8%

44%

No HS diploma5.4%

HS diploma17.8%

Some college32.8%

Bachelor's+44%

Housing tenure

54%

46%

Owner54%

Renter46%

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

2021 vs 2026

How ZIP 97701 in Bend, OR has changed in 5 years

Rent

$1,796 → $2,110

up 17.5%

Income

$68,243 → $87,739

up 28.6%

Population

40,835 → 43,293

up 6.0%

Renter share

43.1% → 46%

+2.9 pts

Bachelor's+

38.3% → 44%

+5.7 pts

Median age

36.8 → 38.5

+1.7 yrs

Five years ago, renters in ZIP 97701 in Bend, OR paid around $1,796 a month. That figure now sits near $2,110, up 17.5% from the 2021 baseline. On the earnings side, the typical household in ZIP 97701 in Bend, OR now reports about $87,739, up from $68,243 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 97701 in Bend, OR adding about 2,458 residents over the five-year window, up 6.0% on net. The renter share has risen from 43.1% to 46%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 38.3% to 44% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97701 in Bend, OR reflects that arc in its own way.

Community

Discussions about ZIP 97701

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 97701

About renting in ZIP 97701

Last updated: October 17, 2026

ZIP code 97701 covers Bend, OR. The median rent here is $2,110/mo as of October 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,790/mo.

At 29% of local median household income ($87,739/yr), ZIP 97701 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97701?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (about $40/hour full-time) to afford the median rent of $2,110/mo in ZIP 97701. The local median household income is $87,739/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97701?

Rent in ZIP 97701 has risen 3.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

When is the cheapest time to rent in ZIP 97701?

Asking rents in ZIP 97701 are usually lowest in February, about 1.5% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $65 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 97701 compare to other ZIPs in Oregon?

ZIP 97701 is one of the pricier among Oregon ZIP codes for rent, ranking #12 of 114 at $2,110/mo. Over the year to September 2026, rent in ZIP 97701 changed +3.4%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.