Portland market rental trends report

Over the past 3–6 months, Portland's rental market has experienced a modest pullback, with rent prices trending slightly downward following a seasonal summer plateau. In recent months, median rents have edged up about 0.5% month-over‑month nearing summer, though they remain roughly 1% below last June’s peak. These shifts are driven largely by typical seasonal demand fluctuations—summer moving activity has eased—and broader economic factors, including employment trends, urban development pacing, and a slower influx of new tenants. Additionally, vacancy rates remain slightly elevated compared to spring highs, giving renters a bit more negotiation leverage. The current median rent in Portland proper stands at approximately $1,552 per month.

Beaverton

Over the past 3 months, median rents in Beaverton have slightly softened, reversing the modest gains seen earlier in the year.This cooling appears driven by seasonal slowdown in leasing activity post-spring, along with easing demand as new listings reach the market and more short-term rentals expire, increasing choice for renters. As of July 2025, the median apartment rent in Beaverton stands at approximately $1,555 per month.

Hillsboro

Over the past 3–6 months, Hillsboro’s rental market has cooled, with average rents declining after a mild rise earlier in the year. This dip reflects a combination of seasonal slowdown in leasing activity and increased availability as new apartment units hit the market. Nationally, Q2 saw slower rent growth due to fresh supply exerting downward pressure—Hillsboro appears to be following that broader pattern. As of July 2025, the current median rent in Hillsboro is $1,779 per month

Apartment listings

Below are some recent listing examples.

Park Avenue West

• Studio/1 bath
• Sq Ft: 572
• Rent: $1,600

Raleigh Slabtown

• 1 bedroom/1 bath
• Sq Ft: 591
• Rent: $1,752

Amara

• 2 bedroom/2 bath
• Sq Ft: 1,175
• Rent: $2,300

Saltwood

• 3 bedroom/2 bath
• Sq Ft: 1,367
• Rent: $4,867

Beaverton and Hillsboro

ARC Central

• Studio/1 bath
• Sq Ft: 498
• Rent: $1,660

Platform 14

• 1 bed/1 bath
• Sq Ft: 697
• Rent: $1,850

Rowlock

• 2 bed/2 bath
• Sq Ft: 1,252
• Rent: $2,405

Hana

• 3 bed/2 bath
• Sq Ft: 1,250
• Rent: $3,104

(Data sourced from Apartments.com)