Single-Family Homes for Rent in Portland, OR

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What to Know About

Living in Portland, OR

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 April 2025, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 9.6% ($161) lower than the Oregon average of $1,671 and 16.1% ($289) lower than the U.S. average of $1,799.

Average Rent
$1,510
Monthly ChangeMonth Over Month Change
Decreased1% ($15)
Yearly ChangeYear Over Year Change
Decreased3.8% ($60)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,338 Decreased0.6% ($8) Decreased0.4% ($5)
2 Beds $1,702 Increased0.4% ($6) Increased4.2% ($69)
3 Beds $2,269 Decreased1.8% ($42) Decreased7.5% ($183)
Nearby Cities Average Rent Avg. Rent vs. PortlandAverage Rent vs. Portland Avg. Days on MarketAverage Days on Market
Lake Oswego $2,328 Increased54.2% ($818) 26 days
Beaverton $1,618 Increased7.2% ($108) 30 days
Happy Valley $2,466 Increased63.3% ($956) 30 days
Gladstone $1,627 Increased7.7% ($117) 30 days
Clackamas $2,490 Increased64.9% ($980) 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 $1,510 per month.
Houses in Portland typically rent for between $937 and $2,950 per month, with an average of $1,510 per month.
In Portland, the average rent for a 1-bedroom house is $1,338 per month, for a 2-bedroom house, $1,702 per month, and a 3-bedroom house is $2,269 per month.
The average rent in Portland is 16.1% ($289) lower than the national average of $1,799 per month.
The average rent in Portland has decreased by 1.0% ($15) in the last month and decreased by 3.8% ($60) 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 1,394 rental property available in Portland, OR.
Based on the current averages, a household would need an annual income of $68,080 to comfortably afford a 2-bedroom house in Portland.
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