Portland rents were up 0.9% in June according to the July report from Apartment List.
However, prices remain down 1.0% year-over-year.
Currently, the overall median rent in the city stands at $1,566.
Portland rent growth in 2025 pacing below last year
Six months into the year, rents in Portland have risen 3.0%. This is a slower rate of growth compared to what the city was experiencing at this point last year. From January to June 2024 rents had increased 3.9%.
Citywide, the median rent currently stands at $1,423 for a 1-bedroom apartment and $1,687 for a 2-bedroom. Across all bedroom sizes in the entire rental market, the median rent is $1,566. That ranks #40 in the nation, among the country’s 100 largest cities.
Portland rents are 6.6% lower than the metro-wide median
Across the Portland metro area, the median rent is $1,678 meaning that the median price in Portland proper ($1,566) is 6.6% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -0.7%, above the rate of rent growth within just the city.
The table below 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 $2,040. Gresham is the metro’s most affordable city, with a median rent of $1,524. The metro’s fastest annual rent growth is occurring in Lake Oswego (2.1%) while the slowest is in Hillsboro (-5.5%).
