Apartments For Rent Portland Craigslist (2024)

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Apartments For Rent Portland Craigslist (2024)

FAQs

Is rent dropping in Portland, Oregon? ›

The median rent in Portland rose by 1.0% over the course of May, and has now decreased by a total of 1.7% over the past 12 months. Portland's rent growth over the past year has has fallen behind the state average (-0.5%) and is similar to the national average (-0.8%).

How to find a rental in Portland, Oregon? ›

Searching Online

Craigslist is the go-to option for finding an apartment in Portland. The popular listings website is used by private landlords, management companies and renters looking for roommates and subletters. Pet owners will find the apartment hunt a little extra difficult.

What is the vacancy rate for apartment in Portland? ›

The rental vacancy rate grew from 4% to 6.8% between 2022 and 2023 in Portland, per census data.

Why are people moving out of Portland? ›

While taxes or public policies are rarely the only reasons for businesses and households to move, they “clearly” have an effect on our lives and our behaviors, Lehner said. One of the primary tax advantages to living in Southwest Washington instead of the tri-county area, he added, is “tax avoidance.”

What is the best month to rent in Portland? ›

A good time to rent a house or apartment if you want to have choices, is in summer. Between May and September is the busiest rental period. The reasoning behind this lies in the many life choices people are making during this time of year.

What are the requirements to rent an apartment in Oregon? ›

RPH will obtain a credit report and Criminal Background check and rental history for each applicant and co-signer 18 years of age or older. Reports supplied by applicants will not be accepted. Discharged bankruptcies are acceptable. A credit score below 625 could be denied or require additional deposit and co-signer.

How much does it cost to live in Portland rent? ›

What is the average rent in Portland, OR? As of June 2024, the average rent in Portland, OR is $1,489 per month. For comparison, the national average rent price in the US is currently $1,518/month, which means Portland rent prices are 2% lower than the national average.

Is Portland landlord friendly? ›

Portland is ranked as the worst city in the U.S. for landlords, according to Spark. because of its exceptionally tenant-friendly policies and stronger restrictions.

What is the income to rent ratio in Portland? ›

Monthly gross income must be equal to 2 times stated rent*, or 2.5 times the monthly stated rent if the monthly rent amount is below the maximum monthly rent for a household earning no more than 80 percent of the median household income as published annually by the Portland Housing Bureau.

How many renters are there in Portland? ›

130,452 or 47% of the households in Portland, OR are renter-occupied while 149,345 or 53% are owner-occupied.

What is the average housing in Portland? ›

In April 2024, the median listing home price in Portland, OR was $548.9K, flat year-over-year. The median listing home price per square foot was $337. The median home sold price was $537.5K.

Are housing prices going down in Portland Oregon? ›

Mid-2022 to Mid-2023 Portland Real Estate Market

The Portland real estate market since the first half of 2022 is down, home prices are down a median average of 1.8% from mid-2022 to mid-2023.

Is Portland or in decline? ›

Portland's population dropped again for the third year in a row — but there are signs of slowing. Portland's population decreased by nearly 4,200 people between July 2022 and July 2023, about half as much as the year prior. PORTLAND, Ore.

Is it better to buy or rent in Portland Oregon? ›

Renting is cheaper than owning in Portland, Oregon right now, but owning is still the better long term strategy. When interest rates ease (they are likely to some in 2024 and more in 2025) our local Portland real estate market is likely to rise, due to continued lack of housing supply.

What is the price to rent ratio in Portland Oregon? ›

#9: Portland, Oregon

The average home sales price in Portland is $420,000 while the average rent is over $2,300 per month. That gives the city a decent price-to-rent ratio of 14.77.

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