Apartments in 97205

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$1,350
1117 SW Alder St #206 Portland, OR
1 BR | Available Now
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Multnomah
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How much does it cost to rent an apartment in 97205?

97205 apartments
Bed Type Average Rent Range
Studio $980 $780 - $1,240
1BR $1,330 $1,100 - $1,780
2BR $1,800 $1,200 - $3,650
Find an Apartment in 97205
Looking for apartments for rent in 97205 Portland, OR? Rentable has a variety of rental options available in this zip code. Currently, there are 123 units available for rent. The average rent in 97205 is $1,100, with the lowest rent for a studio unit starting at $771.

The top neighborhoods in 97205 include Goose Hollow, Multnomah, and Nob Hill. These neighborhoods offer a range of amenities and attractions, such as nearby parks, community events, and popular local establishments. Residents of 97205 enjoy the convenience of living close to downtown Portland and its vibrant city life.

If you're looking for apartments near 97205, Rentable is the place to start your search. Explore our listings and find the perfect rental that meets your needs and preferences. Whether you're seeking a spacious apartment or a cozy studio, Rentable has options that cater to different budgets and lifestyles. Start your search today and find your next home in 97205 Portland, OR.

Portland:
February Rent Report

Welcome to the February 2026 Portland Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 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

$1,950
$1,460
$980
$490
$0
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
1 BR       2 BR

Portland Rent Prices Decrease From January to February

Portland rent prices decreased over the last month. From January to February, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Portland one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from January to February, Portland experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Portland two-bedroom apartments currently stands at $.

February Prices: Portland vs. Surrounding Areas

Rent Prices in Portland and Surrounding Areas

Rent prices have decreased 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 0 of the Portland suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Portland suburbs

  • Rents did not decrease in any of the Portland suburbs.

February 2026 Pricing Trends: Portland vs. National Comparisons

Portland Rent Prices More Affordable Than Major Cities

Rent growth in Portland over the past year has been declining. 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 February 1 BR M/M % Change 2 BR February 2 BR M/M % Change

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.