Apartments in Sumner Portland

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25
$1,699
Portland, OR
1 BR | Available Now
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Air Conditioning
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Dishwasher
18
$1,299
Portland, OR
1 BR | Available Now
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Argay
26
$2,795
Portland, OR
4 BR | Available Now
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House
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Dishwasher
11
$1,495
Portland, OR
2 BR | Available Now
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29
$2,099
Portland, OR
3 BR | Available Now
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18
$2,200
Portland, OR
3 BR | Available Now
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Balcony/Deck/Patio
18
$2,200
Portland, OR
3 BR | Available Now
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Air Conditioning
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Balcony/Deck/Patio
20
$1,400
Portland, OR
1 BR | Available Now
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Portland:
March Rent Report

Welcome to the March 2024 Portland Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Portland rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Portland and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Portland average rent prices in the chart below.

Monthly Rent Report

$2,250
$1,690
$1,130
$560
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Portland Rent Prices Increase From February to March

Portland rent prices increased over the last month. From February to March, the city experienced a 0.27% increase for the price of a one-bedroom apartment. The rent price for a Portland one-bedroom apartments currently stands at $1,500.0.

When we take a look at the two-bedroom comparison from February to March, Portland experienced a 0.63% increase for the price of a two-bedroom apartment. The rent price for a Portland two-bedroom apartments currently stands at $1,908.0.

March Prices: Portland vs. Surrounding Areas

Hillsboro, OR
Wilsonville, OR
Lake Oswego, OR
Beaverton, OR
Vancouver, WA
Portland, OR
Tigard, OR
Gresham, OR
$1,762
$1,692
$1,679
$1,633
$1,520
$1,496
$1,496
$1,416
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Portland and Surrounding Areas

Rent prices have increased in Portland over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Portland suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Hillsboro, OR, Tigard, OR .

  • Rent decreased in Vancouver, WA, Beaverton, OR, Gresham, OR, Lake Oswego, OR, Wilsonville, OR.

  • 5 suburbs are currently priced higher than the city of Portland.

  • 2 suburbs are currently priced lower than the city of Portland.

March 2024 Pricing Trends: Portland vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Portland, OR
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,496
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Portland Rent Prices More Affordable Than Major Cities

Rent growth in Portland over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Portland average rent prices appear to be relatively affordable for local residents.

The price for a Portland one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Portland and surrounding area rent prices, take a look at the complete data set below.

Data set for Portland and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Portland, OR $1,496.0 -0.33% $1,896.0 -0.63%
Vancouver, WA $1,520.0 -1.17% $1,742.0 1.04%
Beaverton, OR $1,633.0 -0.06% $1,866.0 0.05%
Hillsboro, OR $1,762.0 0.69% $2,023.0 -0.64%
Gresham, OR $1,416.0 -1.05% $1,644.0 0.55%
Tigard, OR $1,496.0 0.47% $1,693.0 -1.63%
Lake Oswego, OR $1,679.0 0.00% $1,952.0 1.09%
Wilsonville, OR $1,692.0 -0.41% $2,002.0 0.05%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.