20 zip codes·Updated September 2026

Portland rents and rental comps

The median asking rent across 20 Portland zip codes is $1,625/month, up 5.4% from a year ago.

Oregon has statewide rent control with a hard cap on annual increases. Understanding the cap is non-negotiable if you own here. Your tenants know the number.

Median Asking Rent

$1,625

Rent Change (YoY)

+5.4%

Avg Days on Market

Active Rental Listings

4,164

Median List Price

$467,500

Median Asking Rent Over Time

Average across 20 zip codes

12 months+4.2%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
97211	$2,100/mo	+10.8%	$2.24	33	110
97215	$1,895/mo	+30.8%	$2.07	46	63
97212	$1,850/mo	-7.3%	$2.14	28	108
97209	$1,823/mo	+23.8%	$2.77	21	478
97218	$1,695/mo	-2.9%	$2.10	51	50
97217	$1,659/mo	+7.0%	$2.47	32	428
97219	$1,645/mo	-4.6%	$1.96	29	188
97202	$1,625/mo	+1.6%	$2.28	31	379
97213	$1,615/mo	+8.0%	$2.05	37	131
97206	$1,595/mo	-6.2%	$2.36	31	233
97216	$1,595/mo	+10.4%	$1.89	18	78
97214	$1,587/mo	+6.2%	$2.64	20	357
97203	$1,585/mo	+2.3%	$2.19	24	184
97205	$1,545/mo	+21.2%	$2.62	24	127
97220	$1,531/mo	+0.4%	$1.82	54	101
97232	$1,500/mo	+7.5%	$2.45	15	359
97201	$1,499/mo	+3.5%	$2.42	16	268
97236	$1,495/mo	-6.3%	$1.62	49	166
97230	$1,460/mo	+4.3%	$1.64	34	166
97210	$1,452/mo	-2.9%	$2.56	33	190

Comps for any address in Portland

Type the address, get the comps. No setup.

Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$1,197/mo	$2.86/sqft
1 Bedroom	$1,440/mo	$2.38/sqft
2 Bedroom	$1,873/mo	$2.10/sqft
3 Bedroom	$2,773/mo	$1.90/sqft
4 Bedroom	$3,195/mo	$1.66/sqft

Aggregated median across all Portland zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
97212	$819,000	-0.7%	$320.41
97215	$699,900	+7.7%	$329.52
97214	$660,000	-9.0%	$331.81
97202	$630,000	+0.8%	$344.44
97219	$625,000	-5.2%	$316.94
97211	$559,900	0.0%	$298.80
97210	$550,000	-34.5%	$402.86
97205	$499,000	+28.3%	$391.56
97232	$489,900	-10.1%	$336.61
97213	$485,000	-4.9%	$313.68
97218	$450,000	+2.3%	$342.50
97203	$449,900	0.0%	$304.65
97206	$449,000	-4.3%	$335.75
97220	$429,900	-4.4%	$267.58
97201	$429,000	+14.4%	$308.73
97217	$425,000	-5.6%	$303.87
97230	$425,000	-4.3%	$253.21
97216	$420,000	+7.7%	$285.43
97209	$415,000	+3.8%	$380.79
97236	$409,000	-0.2%	$246.32

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,860/mo	$1,197/mo	-36%
1 Bedroom	$1,990/mo	$1,440/mo	-28%
2 Bedroom	$2,280/mo	$1,873/mo	-18%
3 Bedroom	$3,110/mo	$2,773/mo	-11%
4 Bedroom	$3,690/mo	$3,195/mo	-13%

HUD publishes Fair Market Rents once a year for the Portland metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

Multnomah County FMR page Section 8 vs market rent

About the Portland rental market

The median asking rent across Portland, OR sits at $1,625/month, pulled from active rental listings in 20 zip codes. That's up 5.4% from a year ago.

Rents aren't uniform across the city. ZIP 97211 tops the list at $2,100/month. ZIP 97210 comes in lowest at $1,452/month. About a 45% gap between the two ends of the city.

A 2-bedroom rents for $1,873/month at the median. 1-bedrooms run about $1,440. 3-bedrooms come in around $2,773.

Average days on market sits at 31 days. Pace is steady.

Rent-to-price math is tight in Portland. The gross figure sits at about 4.2% ($1,625/month against $467,500 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Portland metro is $2,280/month. Asking rents come in about 29% below the federal benchmark, which can make Section 8 properties competitive here.

Portland is a solid rental market with demand from tech, healthcare, and the creative industry. The defining variable for landlords is that Oregon passed statewide rent control in 2019. Annual rent increases are capped. Know what the cap is and how it applies to your specific property before you set rent. The Pearl District, Alberta, and Hawthorne are premium. East Portland and Gresham are cheaper. Portland went through a rough patch with downtown vacancy and livability issues that got national press. The market has been recovering, but neighborhood dynamics here matter. The numbers can work in Portland. The regulatory care required is just higher than most markets.

These numbers are city-wide averages. If you're pricing a specific property in Portland, pull comps from the same zip code. The spread is usually bigger than people expect.