Portland rental market analysis

Rental Market Reports > Apartment Reports > Portland, OR

Q1 2023 - Rental Market Report



This rental market report looks at how Portland, OR apartment rent prices have changed in Q1 2023.

According to our data, two-bedroom apartments had the largest rent price increase of 20% while three-bedroom apartments had the smallest increase of 11%.


Year-Over-Year Change Average Rent: 1-3 Bedroom Apartments

Rent prices in 1-3 bedroom types in Portland, Oregon experienced the following year-over-year rent increases in Q1 2023:

  • 1-Bedroom: 15%
  • 2-Bedroom: 20%
  • 3-Bedroom: 11%


Year-Over-Year Average Rent: 1-3 Bedroom Apartments

Below are the average rent prices for 1-3 bedroom apartments in Q1 2023 for Portland, Oregon. 

  • 1-Bedroom: $1,744
  • 2-Bedroom: $2,265
  • 3-Bedroom: $2,433


Geography: The scope of this analysis is the city of Portland, OR.

Property Type: One, two, and three bedroom apartments with all bathroom counts.

Analysis: Rent data was analyzed year-over-year and quarter-over-quarter for each bedroom type.

Data: New rents collected at the beginning and end of each quarter reported, excluding outliers below $500 and above $10,000.


Neighborhood Rent Analysis


Dive deeper into the Portland apartment rental market by viewing average rent prices by neighborhood.





For more data, visit www.rentometer.com


Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.