Portland market rental trends report

Over the past 3–6 months, rent growth in Portland has been modest, with markets showing signs of softening after a spring/early-summer peak and just modest month-to-month gains. Trends suggest that the rapid acceleration seen earlier in the year has leveled off, and some segments are even inching downward. This shift is being driven by a combination of increased supply entering the market, seasonal cooling in leasing activity, and rising affordability pressures on renters. The current median rent for the Portland region is about $1,550 per month.

Beaverton

Over the past 3–6 months, rent levels in Beaverton have edged downward modestly, showing signs of stagnation after several years of steady increases. The rate of new leases and listing prices has cooled slightly, with some landlords offering incentives or moderating rent hikes to maintain occupancy. This shift is being driven by increased supply coming online, seasonal softening of demand, and affordability pressures on renters pushing them to explore more peripheral submarkets. The current median rent in Beaverton across all unit types is about $1,750 per month

Hillsboro

Over the past 3–6 months, rents in Hillsboro have shown relative stability with only modest movement—listing rates have largely flattened after mid-year gains. In many submarkets, the hottest months’ upward momentum has eased, and landlords are being more cautious about pushing higher rents. This change appears to be driven by a softening in renter demand, greater inventory coming online, and rising cost sensitivity among tenants weighing rent vs. other expenses. The current median rent across all unit types in Hillsboro is about $2,225/month

Apartment listings

Below are some recent listing examples.

Park Avenue West

• Studio | $1,457 | 572 sqft

Raleigh Slabtown

• 1 bed/1 bath | $2,066 | 591 sqft

The Parker

• 2 bed/2 bath | $2,700 | 1,097 sqft

Saltwood

• 3 bed/2 bath | $5,024 | 1,367 sqft

Beaverton and Hillsboro

ARC Central

• Studio | $1,680 | 498 sqft

Platform 14

• 1 bed/1 bath | $1,605 | 697 sqft

Rowlock

• 2 bed/2 bath | $2,327 | 1,127 sqft

Hana

• 3 bed/2 bath | $2,599 | 1,250 sqft

(Data sourced from Apartments.com)