Property prices for rent in Portland (Oregon)

The rent prices in real estate in Portland, in the Oregon region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,639.83
Average price last 6 months
$3.8
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Portland has risen strongly during the last 6 months. In February, the average price per sq.feet was $2.12. In March this price barely changed remaining at $2.12 per sq.feet. The price for the following two months in (April, May) had a considerable rise of 153 %. The price per sq.feet has had a considerable rise of 226 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.68 to $6.05 during June, and July.

Average price

When referring to the price in Portland (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,647. In March This price remains at $1,565. In the following two months the average price has hardly changed with regard to the previous two months from $1,606 to $1,624.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,615.25 and $1,689 between June and July.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,668 they are 13 % more affordable than the average price for Portland . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,437.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $4.06 / sq.feet, with an average $6.13 / sq.feet price in Portland. The properties with the most expensive average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at $5.75 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,668 it is 13 % more affordable than the average price in Portland. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,923 it is 38 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.18 / sq.feet followed by "House" priced at $6.32 / sq.feet. "Land" is the most expensive type of property with a $10.16 / sq.feet value followed by "House" with an average price of $6.32 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Portland
Number of properties used in region Oregon
$1,668
$6.13
19,062
53,384
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value