To determine average rent prices, we started with September 2020 data from Apartment Guide and Rent.com’s multifamily rental property inventory. Portland Oregon Residential Rent and Rental Statistics. Buying a home in Portland can actually afford you with lower … Employment options in Portland include established companies like Boeing, Nike and Intel, in addition to a wealth of start-ups and boutiques. The average expenses for utilities in a 915-square foot apartment are moderately cheaper in Portland – $122.99 compared to $146.24. On a city to city basis, values of homes can shift. Kind of like living in the Outer Sunset in San Francisco, perma drizzle. Family of four estimated monthly costs are 3,091.79$ without rent (using our estimator). As a state, Oregon’s median home value is $340,027, according to NeighborhoodScout. 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. As of December 2020, the average apartment rent in Portland, OR is $1,007 for a studio, $1,300 for one bedroom, $1,536 for two bedrooms, and $3,023 for three bedrooms. Is it more affordable to buy or rent a home in Portland? Rent Trends. The City of Roses boasts a lively arts and cultural scene. 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. 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.. RentData.org © 2020. 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 … 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 […] One bedroom apartments in Portland rent for $1441 a month on average (a 1.46% decrease from last year) and two bedroom apartment rents average $1736 (a 0.86% increase from last year). Portland has an average rainfall of 36″ which is actually kind of below the national average rainfall. Portland, OR Average Rental Price, February 2020 $1,499 /mo; Portland, OR Apartment Rent Ranges The cheapest Portland neignborhoods to rent apartments in are Powellhurst, Bridlemile, and Parkrose. Rent Trends. What is the average rent for a studio in Portland, OR ? This FMR area is more expensive than 98% of other FMR areas. The average Fair Market Rent for a 2-bedroom home in Oregon is $1,022 per month. 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. Cost of living index in Eugene is 32.42% lower than in New York. The Fair Market Rent in Oregon Fair Market Rent is the 40th-percentile of typical rentals in a given region. According to data gathered by Zillow, a rental estate research company, the costs of renting and buying a home in Portland are very similar. Apartment rent in Portland has decreased by -20.3% in the past year. While the average salary is doable when rent sits around that $1,100 mark, things might get a little tight if you move to the state’s largest city, Portland, where rent is $1,500. ranges from Portland-Vancouver-Hillsboro, OR-WA MSA. Rent in Portland is, on average, 52.33% lower than in New York. Make sure you include these moving costs into the overall cost of living for year one in Portland, OR. 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. 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 $1,455 for three bedrooms. A single person estimated monthly costs are 1,042.99$ without rent. Contact us today at (503) 447-7735. Average Rent in Portland, OR. Average Annual Precipitation for Oregon The tables below give yearly averages for rainfall plus snowfall at cities, towns and parks in Oregon. Click on your region in the list below or on the map to see a more detailed break down of rental prices. Cost of living index in Portland is 20.89% lower than in New York. List of prices in Portland, Oregon (United States) for food, housing, transportation, going out, and more on Nov 2020. Wheeler County, OR 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. 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) While rents in Portland have fallen by 5.7%, nationwide rents are down by just 1.4%, according to Apartment List’s October 2020 Portland Rent Report. As of February 2020, the average apartment rent within the city was $1,995 (regardless of size or number of rooms). 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 … These numbers are down from 2017 to 2018, though, as values have g… The previous year, rent for a two-bedroom home was $1,325 per month. ... Spranks, endless spranks. If a place’s COL index is below 100, it’s cheaper than the national average. Average Rent Portland Oregon. Oregon rents are down just 1.5% year … As of December 1, 2020 there are 3606 condos available for rent in Portland, OR. Summary about cost of living in Portland, OR, United States: Family of four estimated monthly costs are 3,702.77$ without rent (using our estimator). Rents in Portland are declining at a much faster rate than both the state as a whole and the national average. 47+ Reasons Not To Move To Portland Oregon 2020. Oregon (OR) has the Fair Market Rent prices in Portland-Vancouver-Hillsboro are very high compared to the national average. Average Rent Portland Oregon – June 2020 https://portlandrentalmanagement.com/portland-news/average-rent-portland-oregon-june-2020/ #portlandoregon #pdx #portlandor As of September 16th, if any rent increase effective between September 16, 2020 and March 31, 2021 is received and that renter is unable to pay the increased rent, the renter is potentially eligible for Relocation Assistance as outlined in PCC 30.01.085. Compare the Cost of Living in Portland with any other city in the world. Each place has a total for the amount of precipitation it usually receives in a year. 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. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change.Check with the applicable school district prior to making a decision based on these boundaries. Monthly prices are based on the average price for that respective month. As of November 2020, average rent for an apartment in Portland, OR is $1537 which is a 2.8% decrease from last year when the average rent was $1580 , and a 0.39% increase from last month when the average rent was $1531. 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%). 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. From there, we evaluated changes seen since September 2019. So how does that compare to the average rent in the Portland area? More than two-thirds of the homes in the state fall between $130,954 and $523,432. 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. The average size for a Portland, OR apartment is 760 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. This article will outline how this number was obtained. Fair Market Rent for a two-bedroom apartment in Portland-Vancouver-Hillsboro is $1,495 per month.. Tag: portland oregon average rent. The average Fair Market Rent for a 2-bedroom home in Oregon is $1,022 per month. At Rent Portland Homes Professionals, we offer property management in Portland Oregon and the surrounding area! $714 for a 2-bedroom apartment in 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. 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 of 2017, Oregon had a 3.4% unemployment rate and the average salary there was right around $45,000. Rent in Eugene is, on average, 65.92% lower than in New York. 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. See our Portland neighborhood apartment listings. 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. 15th highest rent in the country out of 56 states and territories. I am single and live in Portland,OR, I rent a small 1 bedroom and the monthly rent is $881 . For example, a cost of living index of 130 means it costs 30% more to live there as compared to the national average (130-100=30). Learn more. 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. If it’s over 100, it’s more expensive than the national average. 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 … Click on a region to view more detailed rent data. 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. to $1,495 for a 2-bedroom unit in The average rent for a studio in Portland, OR is $1,150 . New Oregon bill would ban charging pet rent Some worry the bill, if passed, would backfire on tenants, prompting landlords to ban pets from their properties altogether or … As of June 2020, the average rent for Portland Oregon is currently $1,522 per month for a 762 square foot apartment. 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. Portland, Oregon is more than just microbreweries and food trucks. The most expensive Portland neighborhoods to rent apartments in are Pearl District, Hayhurst, and Roseway. Rent trend data in Portland, Oregon Portland Average Rent. Moving to Portland Oregon. 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