The median monthly gross residential rent in Portland, OR (the Portland-Vancouver-Hillsboro metro area) was $1,356 in 2019 according to the Census ACS survey. I am single and live in Portland,OR, I rent a small 1 bedroom and the monthly rent is $881 . Oregon rent control law: Max rent increase rate released for 2020 Renters paying $970 a month to live in the average two-bedroom Salem-area apartment could see their rent … More than two-thirds of the homes in the state fall between $130,954 and $523,432. Rent in Portland is, on average, 52.33% lower than in New York. Learn more. Click on your region in the list below or on the map to see a more detailed break down of rental prices. For FY 2020, the Portland-Vancouver-Hillsboro, OR-WA MSA (Yamhill County) rent for a studio or efficiency is $1,192 per month and $2,625 per month to rent a house or an apartment with 4 bedrooms. As of December 1, 2020 there are 3606 condos available for rent in Portland, OR. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. Portland (/ ˈ p ɔːr t l ə n d /, PORT-lənd) is the largest and most populous city in the U.S. state of Oregon and the seat of Multnomah County.It is a major port in the Willamette Valley region of the Pacific Northwest, at the confluence of the Willamette and Columbia rivers in Northwestern Oregon. A single person estimated monthly costs are 869.31$ without rent. Is it more affordable to buy or rent a home in Portland? As of 2017, Oregon had a 3.4% unemployment rate and the average salary there was right around $45,000. According to data gathered by Zillow, a rental estate research company, the costs of renting and buying a home in Portland are very similar. 1 Average gross rent was $1,182 in 2019.The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. ... Spranks, endless spranks. Fair Market Rent is the 40th-percentile of typical rentals in a given region. This article will outline how this number was obtained. Buying a home in Portland can actually afford you with lower … List of prices in Portland, Oregon (United States) for food, housing, transportation, going out, and more on Nov 2020. As of December 2020, the average apartment rent in Portland, OR is $1,038 for a studio, $1,420 for one bedroom, $1,543 for two bedrooms, and $1,455 for three bedrooms. Rent increases will be capped at 9.9% through 2020, the first full year Oregon’s new rent control law will be in effect, state economists announced Wednesday.. Rents in Portland are declining at a much faster rate than both the state as a whole and the national average. ... Portland, Oregon has on average 164 days per years with rain. Despite adding 21,800 jobs in a 12 month period ending in March 2019, Portland’s rent growth rose at less than half the national average rate. For FY 2020, the Portland-Vancouver-Hillsboro, OR-WA MSA (Yamhill County) rent for a studio or efficiency is $1,192 per month and $2,625 per month to rent a house or an apartment with 4 bedrooms. Compare the Cost of Living in Portland with any other city in the world. See our Portland neighborhood apartment listings. Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Oregon. The average rent for a studio in Portland, OR is $1,150 . Kind of like living in the Outer Sunset in San Francisco, perma drizzle. All rights reserved. Portland, OR Average Rental Price, February 2020 $1,499 /mo; Portland, OR Apartment Rent Ranges In Portland, the median home value is $464,496, while Medford’s is $283,699.NeighborhoodScout data also shows that, from 2013 to 2018, the Oregon market saw strong appreciation of 8.61% annually. Oregon lawmakers in February passed a law meant to cap maximum rent hikes over the course of a year at 7% plus the Consumer Price Index for the West Region, a measure of the average … Summary: Based on current median home prices, and the current mortgage rate of 3.51% in Portland, Oregon, the average monthly payment on a 30 year mortgage in Portland was approximately $1,758 as of January 2020. Oregon rents are down just 1.5% year … Summary about cost of living in Portland, OR, United States: Family of four estimated monthly costs are 3,702.77$ without rent (using our estimator). Average Rent Portland Oregon. Average Rent in Portland, OR. The Fair Market Rent in Oregon Rents in Portland Oregon have actually gone up 3% in the last year but, the good news is that with the implementation of State-wide rent … Portland, Oregon is more than just microbreweries and food trucks. Here are some additional resources you may also be interested in: RentData.org is an independent organization not affiliated with HUD.GOV or any other government agency. As a state, Oregon’s median home value is $340,027, according to NeighborhoodScout. To determine average rent prices, we started with September 2020 data from Apartment Guide and Rent.com’s multifamily rental property inventory. Family of four estimated monthly costs are 3,091.79$ without rent (using our estimator). This FMR area is more expensive than 98% of other FMR areas. Average Rent Portland Oregon – June 2020 https://portlandrentalmanagement.com/portland-news/average-rent-portland-oregon-june-2020/ #portlandoregon #pdx #portlandor The previous year, rent for a two-bedroom home was $1,325 per month. 2020 Income and Rent Limits Download PDF file 2020 Income and Rent Limits (PHB) (287.7 Kb) Download PDF file 2020 Income and Rent Limits for Home and CDBG Programs (376.36 Kb) What is the average rent for a studio in Portland, OR ? Moving to Portland Oregon. Apartment rent in Portland has increased by 10.4% in the past year. On a city to city basis, values of homes can shift. ranges from 15th highest rent in the country out of 56 states and territories. Employment options in Portland include established companies like Boeing, Nike and Intel, in addition to a wealth of start-ups and boutiques. Rent Trends. Scores are presented in relation to the national average of 100. A single person estimated monthly costs are 1,042.99$ without rent. The average Fair Market Rent for a 2-bedroom home in Oregon is $1,022 per month. Oregon Residential Rent and Rental Statistics The median monthly gross residential rent in Oregon was $1,185 in 2019 according to the Census ACS survey. 47+ Reasons Not To Move To Portland Oregon 2020. According to RentJunge, as of June 2020, the average rent for an apartment in Portland, OR is $1544 which is a 4.53% decrease from last year when the average rent was $1614, and a 1.42% decrease from last month when the average rent was $1566. The cheapest Portland neignborhoods to rent apartments in are Powellhurst, Bridlemile, and Parkrose. Monthly prices are based on the average price for that respective month. The average expenses for utilities in a 915-square foot apartment are moderately cheaper in Portland – $122.99 compared to $146.24. Portland-Vancouver-Hillsboro, OR-WA MSA. Contact us today at (503) 447-7735. Click on a region to view more detailed rent data. Oregon (OR) has the See our listings of Portland Apartments, The average apartment rent over the prior 6 months in Portland has decreased by $7 (-0.5%) One bedroom units have decreased by $11 (-0.8%) and two bedroom apartments have increased by $32 (1.9%). These numbers are down from 2017 to 2018, though, as values have g… As of October 2020, average rent for an apartment in Portland, OR is $1531 which is a 7.97% decrease from last year when the average rent was $1653 , and a 0.91% decrease from last month when the average rent was $1545. Fair Market Rent for a two-bedroom apartment in Portland-Vancouver-Hillsboro is $1,495 per month.. Each place has a total for the amount of precipitation it usually receives in a year. As of February 2020, the average apartment rent within the city was $1,995 (regardless of size or number of rooms). Average Annual Precipitation for Oregon The tables below give yearly averages for rainfall plus snowfall at cities, towns and parks in Oregon. 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