Portland Oregon rents were up 1% in July, according to the August report from Apartment List.
The overall median rent in Portland is $1,583. As far as Portland rents in July the median rent for a one-bedroom apartment is $1,438, and $1,705 for a 2-bedroom. Rent prices remain down 0.6% year-over-year.
Portland’s rent growth over the past year is similar to both the state (-0.8%) and national averages (-0.8%).
Portland rent growth in 2025 pacing similar last year
Seven months into the year, rents in Portland have risen 4.0%.
This is a similar rate of growth compared to what the city was experiencing at this point last year; from January to July 2024, rents had increased 4.4%.
For comparison to Portland rents in July, the median rent across the nation as a whole is $1,231 for a 1-bedroom, $1,387 for a 2-bedroom, and $1,402 overall. The median rent in Portland is 12.9% higher than the national, and is similar to the prices you would find in Aurora, CO ($1,603) and Madison, WI ($1,582).
Portland rents are 6.0% lower than the metro-wide median
Across the Portland metro area, the median rent is $1,685, meaning that the median price in Portland proper ($1,583) is 6.0% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -0.8%, below the rate of rent growth within just the city.
The table shows the latest rent stats for 9 cities in the Portland metro area that are included in the Apartment List database.
Among them, Lake Oswego is currently the most expensive, with a median rent of $2,039. Gresham is the metro’s most affordable city, with a median rent of $1,513. The metro’s fastest annual rent growth is occurring in Lake Oswego (0.3%), while the slowest is in Hillsboro (-5.3%).
