Homes & Apartments for Rent in 97229

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What to Know About

Living in 97229

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 September 2026, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 5.0% ($82) lower than the Oregon average of $1,633 and 14.2% ($257) lower than the U.S. average of $1,808.

Average Rent
$1,551
Monthly ChangeMonth Over Month Change
Increased2.1% ($32)
Yearly ChangeYear Over Year Change
Increased5.2% ($76)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,351 Increased1.7% ($23) Increased1.7% ($22)
2 Beds $1,666 Increased0.5% ($9) Increased2.5% ($40)
3 Beds $2,228 Increased2.9% ($63) Decreased0.4% ($9)
Nearby Cities Average Rent Avg. Rent vs. PortlandAverage Rent vs. Portland Avg. Days on MarketAverage Days on Market
Lake Oswego $2,627 Increased69.4% ($1076) 26 days
Beaverton $1,589 Increased2.5% ($38) 30 days
Happy Valley $2,237 Increased44.2% ($686) 30 days
Gladstone $1,553 Increased0.1% ($2) 30 days
Clackamas $2,318 Increased49.5% ($767) 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 $1,551 per month.
Homes in Portland typically rent for between $946 and $2,896 per month, with an average of $1,551 per month.
In Portland, the average rent for a 1-bedroom home is $1,351 per month, for a 2-bedroom home, $1,666 per month, and a 3-bedroom home is $2,228 per month.
The average rent in Portland is 14.2% ($257) lower than the national average of $1,808 per month.
The average rent in Portland has increased by 2.1% ($32) in the last month and increased by 5.2% ($76) 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 30 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 1,481 rental property available in Portland, OR.
Based on the current averages, a household would need an annual income of $66,640 to comfortably afford a 2-bedroom home in Portland.
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