Others will find that renting works out
just fine for them. Rent in Portland, even
in the most desirable neighborhoods, is
relatively affordable compared to many
big cities. Renting gives Portlanders a
little more flexibility in which neighborhood they choose, as well as the freedom
to move elsewhere, should their neighborhood preferences change.
The Portland area is changing quickly, and
you’re sure to discover more and more to
love about living here. For those opting
for apartment living, you’ll find the search
for your first Portland apartment to be an
exciting adventure into what makes our
neighborhoods and our city so special.
THE APARTMENT MARKET
Everyone is moving to Portland. That’s a
slight exaggeration, of course. But not by
much. A migration study released by Atlas
A surge in Portland residents means that
apartment prices have been going up for
years. But this year for the first time in 6
years, thanks to an influx of new apartment
buildings, the average rent in Portland actu-
ally decreased by 3.17%, to $1,609.
On the upside, Portland still offers affordable options compared to bigger cities like
New York City and San Francisco, with
comparable offerings in urban amenities,
from museums to top-rated restaurants.
Those who are looking for an exciting,
You’ll find more affordable rental options
as you move away from the city center,
especially in the far east side and North
Exceedingly low vacancy rates are making
the competition for properties a fierce one.
It’s not uncommon for landlords to rent out
apartment units, sight unseen, to potential tenants who are anxious to jump on
appealing options in their neighborhoods
The prevalence of craftsman style bunga-
lows in Portland means that many
apartments are in houses, and many Port-
land residents enjoy the affordability and
amenities of sharing a house over an apart-
ment. Houses are an obvious choice for
It takes significant time and energy to understand a new city and
navigate the many neighborhoods that one could potentially call
home. Many new Portlanders will opt for an apartment when they
first relocate, giving them time to explore the variety of options
before committing themselves to home ownership.