Homes & Apartments for Rent in 97203

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What to Know About

Living in 97203

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 July 2026, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 6.2% ($99) lower than the Oregon average of $1,584 and 17.1% ($307) lower than the U.S. average of $1,792.

Average Rent
$1,485
Monthly ChangeMonth Over Month Change
Increased1.2% ($18)
Yearly ChangeYear Over Year Change
Increased2.7% ($39)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,325 Increased0.1% ($1) Increased1.1% ($14)
2 Beds $1,632 Increased0.6% ($9) Decreased0.2% ($3)
3 Beds $2,115 Decreased1.7% ($37) Decreased10.5% ($248)
Nearby Cities Average Rent Avg. Rent vs. PortlandAverage Rent vs. Portland Avg. Days on MarketAverage Days on Market
Lake Oswego $2,205 Increased48.5% ($720) 26 days
Beaverton $1,576 Increased6.1% ($91) 30 days
Happy Valley $2,127 Increased43.2% ($642) 30 days
Gladstone $1,650 Increased11.1% ($165) 30 days
Clackamas $2,524 Increased70% ($1039) 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 $1,485 per month.
Homes in Portland typically rent for between $928 and $2,750 per month, with an average of $1,485 per month.
In Portland, the average rent for a 1-bedroom home is $1,325 per month, for a 2-bedroom home, $1,632 per month, and a 3-bedroom home is $2,115 per month.
The average rent in Portland is 17.1% ($307) lower than the national average of $1,792 per month.
The average rent in Portland has increased by 1.2% ($18) in the last month and increased by 2.7% ($39) 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 1,450 rental property available in Portland, OR.
Based on the current averages, a household would need an annual income of $65,280 to comfortably afford a 2-bedroom home in Portland.
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