Homes for Rent in 97202

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What to Know About

Living in 97202

Portland is a city with many cultural and recreational activities. Nestled in the Pacific Northwest, this city has a deep-rooted history, a rich cultural scene, outdoor recreation, and a sustainable lifestyle. With its bustling food scene, from food carts to artisanal coffee shops, Portland is a food lover's paradise. In addition, the city has many historical landmarks and museums, such as the Oregon Historical Society, Pittock Mansion, and Portland Art Museum.

The city is surrounded by natural beauty, with access to scenic trail parks like Forest Park, Washington Park, and the Columbia River Gorge, making it a haven for outdoor enthusiasts. Portland also has a thriving theater and art scene, with the Portland Center Stage, the Oregon Ballet Theatre, and the Portland Opera. For sports lovers, the city is home to the Portland Trail Blazers (NBA) and the Portland Timbers (MLS). In addition, it has a thriving college sports scene, with the nearby University of Oregon and Oregon State University. It also has exciting events, like the Portland Rose Festival and the Oregon Brewer's Festival.

With its dynamic atmosphere and superior living standards, Portland is an excellent destination for those looking for a unique cultural experience and a active lifestyle.

Rental Market Trends

Portland, OR

As of January 2026, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 7.5% ($118) lower than the Oregon average of $1,576 and 17.1% ($301) lower than the U.S. average of $1,759.

Average Rent
$1,458
Monthly ChangeMonth Over Month Change
Increased0.3% ($5)
Yearly ChangeYear Over Year Change
Decreased3.8% ($58)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,333 Increased1.1% ($15) Increased0.5% ($7)
2 Beds $1,566 Decreased0.4% ($7) Decreased7.7% ($130)
3 Beds $2,026 Decreased3.6% ($76) Decreased11% ($250)
Nearby Cities Average Rent Avg. Rent vs. PortlandAverage Rent vs. Portland Avg. Days on MarketAverage Days on Market
Lake Oswego $2,226 Increased52.7% ($768) 26 days
Beaverton $1,592 Increased9.2% ($134) 30 days
Happy Valley $1,911 Increased31.1% ($453) 30 days
Gladstone $1,646 Increased12.9% ($188) 30 days
Clackamas $2,585 Increased77.3% ($1127) 30 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Portland Rental Market FAQs

Explore rental prices, market trends, and availability in Portland, OR.

The average rent in Portland, OR is $1,458 per month.
Homes in Portland typically rent for between $933 and $2,634 per month, with an average of $1,458 per month.
In Portland, the average rent for a 1-bedroom home is $1,333 per month, for a 2-bedroom home, $1,566 per month, and a 3-bedroom home is $2,026 per month.
The average rent in Portland is 17.1% ($301) lower than the national average of $1,759 per month.
The average rent in Portland has increased by 0.3% ($5) in the last month and decreased by 3.8% ($58) over the past year.
The rental market in Portland, OR, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Portland, OR, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1,753 rental property available in Portland, OR.
Based on the current averages, a household would need an annual income of $62,640 to comfortably afford a 2-bedroom home in Portland.
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