Rental prices in Portland have shown mixed trends in recent months. While most unit types saw a slight increase, aligning with the typical spring to summer pattern, two-bedroom units went against this trend, experiencing a slight decrease in price. The median rent for a two-bedroom apartment currently sits at $2,071. This dip could be attributed to reduced demand from student populations, as two-bedroom, two-bathroom units are particularly popular among students during the academic year. Despite this recent fluctuation, rental prices in Portland remain 17% lower than the national average, reflecting a 3% decrease over the past year. The median rent for a one-bedroom apartment in Portland is now $1,638, while the Pearl District continues to command the highest median rents, reaching $2,584.

Beaverton

Rental prices in Beaverton have seen a slight uptick in price in all unit types over the past 3 to 6 months as we moved from spring into summer, a typical trend for the region. Beaverton is a popular area for relocation due to its highly rated schools and proximity to larger companies, as well as the downtown area while still being a suburban, low-crime setting in the greater Portland area. Currently, rental prices in Beaverton are about 7% lower than the national median. While prices have remained stable over the past year, the last three months have shown a slight increase. The current median rent in Beaverton across all unit types is closer to $1,900. Within the area, the highest median rent is found in Sexton Mountain, where it reaches approximately $2,595.

Hillsboro

Over the past 3 to 6 months, rental prices in Hillsboro have shown mixed trends. While prices for one-bedroom, two-bedroom, and three-bedroom units have continued to increase, studio apartment prices have rebounded, once again increasing as the most affordable option during the height of the summer months. Hillsboro's rental prices are 4% higher than the national median and have remained relatively stable over the past year. Hillsboro's rental market remains competitive, with the overall median rent currently at $1,720. South Hillsboro continues to command the highest median rent at $2,263.

Recent Apartment Listings

Portland

Park Avenue West

• Studio/1 bath
• Sq Ft: 572
• Rent: $1,547

Raleigh Slabtown

• 1 bedroom/1 bath
• Sq Ft: 651
• Rent: $2,011

Amara

• 2 bedroom/2 bath
• Sq Ft: 1,175
• Rent: $2,555

Saltwood

• 3 bedroom/2 bath
• Sq Ft: 1,367
• Rent: $4,673

Beaverton and Hillsboro

ARC Central

• Studio/1 bath
• Sq Ft: 687
• Rent: $1,837

Platform 14

• 1 bed/1 bath
• Sq Ft: 697
• Rent: $1,725

Rowlock

• 2 bed/2 bath
• Sq Ft: 1,006
• Rent: $2,588

Hana

• 3 bed/2 bath
• Sq Ft: 1,250
• Rent: $2,789