Rental prices in Portland have stayed relatively consistent over the past year. Prices decreased slightly in the fall and winter months, which is typical for the area. Rental prices are currently increasing across all unit types at a faster pace than last year, a trend that will likely continue into the summer months, the peak moving season in Portland. The cost of living in Portland is 22% higher than the national average, and housing is 50% higher than the national average. The current median rent for a one bedroom in downtown Portland is $1,481. Surrounding neighborhoods such as the Pearl District are higher with a one-bedroom median rent of $1,921, 33% higher than the city median.

Beaverton

Rental prices in Beaverton have stayed relatively consistent over the past year, with three bedrooms decreasing slightly. Coming into the spring and summer months, overall rental prices are increasing at a higher rate than last year at this time. 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. With a current median of $1,646, Beaverton rental prices are in line with the Portland metropolitan area.

Hillsboro

Hillsboro rental prices have steadily increased over the past year, except for three bedroom units, which dipped in price over the fall and winter months. So far this year, Hillsboro's rental prices have increased almost 3% more than last year at this time. With large companies’ return-to-work policies, we expect rental prices to continue to increase in spring and summer.The current median rent in Hillsboro is $1,705.

Recent Apartment Listings

Park Avenue West

• Studio/1 bath
• Sq Ft: 572
• Rent: $1,432

Raleigh Slabtown

• 1 bedroom/1 bath
• Sq Ft: 696
• Rent: $2,624

Amara

• 2 bedroom/2 bath
• Sq Ft: 895
• Rent: $2,120

Saltwood

• 3 bedroom/2 bath
• Sq Ft: 1462
• Rent: $4,666