The average apartment rent in Portland, OR: November 2022

Portland is the largest city in the state of Oregon with a population of about 650,000 people. Today it is one of the greenest cities in the US. The city has many parks and green spaces. It is the financial, economic and cultural center of Oregon. For this reason, Portland is the most expensive city to live in Oregon. In this article, we look at the average rental prices for one and two-bedroom apartments in Portland as of November 2022. The average rent of a studio apartment in Portland is $1,250 per month. The average rental price for a one bedroom apartment in Portland is $1,500 per month and for a two bedroom apartment $1,770 per month. Rental prices for the year have not changed much compared to other major US cities.

The most expensive neighborhoods in Portland include Eliot ($2,450/month for one-bedroom apartments), Pearl ($2,090/month) and Corbet – Terwilliger – Lair Hill ($1,710/month).

The cheapest neighborhoods in Portland include Hazelwood ($1,100/month), Centennial ($1,125/month) and Creston – Kenilworth ($1,350/month).