Rental prices for all unit types except 2 bedrooms in Portland have increased slightly over the last 3-6 months which is typical for the area due to increased spring and summer moves as well as strong hiring in the area. The minor dip in the price of 2 bedroom units may be due to lower demand from student populations, among which 2 bedroom, 2 bathroom units are in high demand throughout the school year. Rental prices are 18% lower than the national median and have decreased by 3% in the last year. The current median rent for a one bedroom in Portland is $1,595; within this range the median rent is highest in the Pearl district at $2,293.

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

Rental prices for all unit types except studios in Hillsboro have increased at a higher rate over the last 3-6 months which is typical for the area due to increased spring and summer moves as well as strong hiring in the area. The ongoing decrease in studio prices reveals a decreased demand for this unit type due to the very close price of 1 bedroom units. Rental prices are 11% higher than the national median and have remained relatively consistent in the last year. The current median rent in Hillsboro is $2,145; within this range the median rent is highest in South Hillsboro at $2,263.

Recent Apartment Listings

Portland

Park Avenue West

• Studio/1 bath
• Sq Ft: 572
• Rent: $1,522

Raleigh Slabtown

• 1 bedroom/1 bath
• Sq Ft: 651
• Rent: $2,450

Amara

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

Saltwood

• 3 bedroom/2 bath
• Sq Ft: 1,462
• Rent: $4,666

Beaverton and Hillsboro

ARC Central

• Studio/1 bath
• Sq Ft: 687
• Rent: $1,902

Platform 14

• 1 bed/1 bath
• Sq Ft: 697
• Rent: $2,300

Rowlock

• 2 bed/2 bath
• Sq Ft: 1,127
• Rent: $2,470

Hana

• 3 bed/2 bath
• Sq Ft: 1,250
• Rent: $2,889