Portland remained the 12th most expensive rental market in the nation last month, as the median price for one bedroom apartments increased 0.8% to $1,340, while two bedrooms increased 0.6% to $1,620. Although fairly stable this month, Portland prices were still more expensive than Philadelphia, Atlanta, and Baltimore in our most recent list of rent prices across the U.S.
At a median of $2,200 for one bedroom units, Pearl continued to have strong hold as the most expensive neighborhood to rent in Portland this spring. Downtown Portland ($1,650), Old Town – Chinatown ($1,600), and Corbet – Terwilliger – Lair Hill ($1,450) were the next priciest areas to rent. More affordable neighborhoods, priced below $1,100, could be found in the south and eastern portions of the city.
If you’re curious how Portland compares with the rest of the United States, view our National Rent Report for May. Stay up to date with average rent changes by liking or following Zumper on Facebook, Twitter, Instagram, and Pinterest. In the market for a new place? Search over 800 Portland apartments for rent on Zumper.
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