Apartments in Northwest Heights Portland

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$2,395
12947 NW Clement Ln Portland, OR
2 BR | Available Now
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1
$1,995
6519 NW Saint Helens Rd Portland, OR
Studio | Available Now
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17
$2,795
Portland, OR
4 BR | Ask for Availability
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1
$1,700
Portland, OR
1 BR | Available Now
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Fitness Center
Dishwasher
Sylvan-Highlands
0
$1,895
12859 NW Dogwood St Portland, OR
3 BR | Available Now
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Dishwasher
34
Call for Pricing
12450 Nw Barnes Rd Portland, OR
1 - 3 BR | Available Now
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Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
10
$1,275
Portland, OR
1 BR | Available Now
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14
$1,445
13000 NW Cornell Rd Portland, OR
2 BR | Available Now
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Surface Parking
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14
$1,300
Portland, OR
1 BR | Ask for Availability
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Balcony/Deck/Patio
Dishwasher
37
$3,895
Portand, OR
4 BR | Available Now
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Sylvan-Highlands
$2,395
Portland, OR
3 BR | Available Now
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9
$2,350
12590 SW Butner Rd Beaverton, OR
3 BR | Available Now
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Portland:
December Rent Report

Welcome to the December 2024 Portland Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Portland rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Portland and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Portland average rent prices in the chart below.

Monthly Rent Report

$2,050
$1,540
$1,030
$510
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Portland Rent Prices Decrease From November to December

Portland rent prices decreased over the last month. From November to December, the city experienced a -0.13% decrease for the price of a one-bedroom apartment. The rent price for a Portland one-bedroom apartments currently stands at $1,533.0.

When we take a look at the two-bedroom comparison from November to December, Portland experienced a 0.51% increase for the price of a two-bedroom apartment. The rent price for a Portland two-bedroom apartments currently stands at $1,952.0.

December Prices: Portland vs. Surrounding Areas

Oregon City, OR
Beaverton, OR
Tigard, OR
Hillsboro, OR
Wilsonville, OR
Vancouver, WA
Portland, OR
Gresham, OR
$1,899
$1,791
$1,789
$1,785
$1,700
$1,554
$1,535
$1,450
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Portland and Surrounding Areas

Rent prices have decreased in Portland over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Portland suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Vancouver, WA, Beaverton, OR, Hillsboro, OR, Tigard, OR, Oregon City, OR .

  • Rent decreased in Gresham, OR, Wilsonville, OR.

  • 6 suburbs are currently priced higher than the city of Portland.

  • 1 suburb is currently priced lower than the city of Portland.

December 2024 Pricing Trends: Portland vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Portland, OR
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,535
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Portland Rent Prices More Affordable Than Major Cities

Rent growth in Portland over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Portland average rent prices appear to be relatively affordable for local residents.

The price for a Portland one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Portland and surrounding area rent prices, take a look at the complete data set below.

Data set for Portland and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Portland, OR $1,535.0 0.72% $1,942.0 0.94%
Vancouver, WA $1,554.0 2.78% $1,763.0 -0.11%
Beaverton, OR $1,791.0 1.19% $1,975.0 -0.35%
Hillsboro, OR $1,785.0 0.28% $2,034.0 -0.88%
Tigard, OR $1,789.0 9.09% $1,907.0 -0.37%
Oregon City, OR $1,899.0 3.38% $2,247.0 1.91%
Gresham, OR $1,450.0 0.00% $1,677.0 -0.77%
Wilsonville, OR $1,700.0 -0.29% $2,021.0 0.10%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.