Apartments in 97239

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3
$1,999
Portland, OR
3 BR | Available Now
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Dog Friendly
Cat Friendly
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1
$1,250
930 SW Gibbs St #1 - 15 Gibbs St Portland, OR
1 BR | Available Now
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Cat Friendly
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1
$3,899
6530 SW 33rd Pl Portland, OR
3 BR | Available Now
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How much does it cost to rent an apartment in 97239?

97239 apartments
Bed Type Average Rent Range
Studio $1,340 $1,000 - $1,550
1BR $1,590 $1,200 - $1,990
2BR $1,950 $1,400 - $2,950
3BR $3,090 $1,950 - $5,810
4+BR $5,750 $4,500 - $20,000
Find an Apartment in 97239
Looking for apartments for rent in the 97239 zip code in Portland, OR? Rentable has provided valuable rental information for this area. Currently, there are 213 units available for rent. The average rent in 97239 is $1,610. If you're looking for a specific floor plan type, the minimum rent starts at $985.

The top neighborhoods in 97239 are Corbett, South Waterfront, and Council Crest. These neighborhoods offer a variety of amenities, including nearby parks, restaurants, and scenic views. South Waterfront, in particular, is known for its access to the Willamette River, making it a great choice for outdoor enthusiasts.

If you're in search of apartments near 97239, Rentable has you covered. Our listings provide a wide range of options to suit your needs. Whether you're looking for a cozy studio or a spacious three-bedroom, you're sure to find the perfect rental in the 97239 area.

Start your search for apartments 97239 Portland, OR on Rentable and discover your next home today.

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.