Average Rent in Oregon

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Current Versus Historical Oregon Rents

Oregon rentals average $1,388 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,698, or roughly $2 per square feet.

For the apartment units and housing in June 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $91 (5.81%) year-over-year from $1,565 to $1,656. 1-bedroom rentals prices have decreased by $848 (-52.64%) year-over-year from $1,611 to $763. 2-bedroom rentals prices have increased by $971 (59.21%) year-over-year from $1,640 to $2,611. 3-bedroom rentals prices have increased by $230 (10.15%) year-over-year from $2,265 to $2,495. 4-bedroom rentals prices have increased by $548 (18.31%) year-over-year from $2,990 to $3,538. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 8.19% this month. 1-bedroom rents have gone down by 45.46% this month. 2-bedroom rents have gone up by 15.24% this month. 3-bedroom rents have gone up by 1.98% this month. 4-bedroom rents have gone up by 5.39% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.20	$763	$1,611 (-52.64%)	$1,615 (-52.76%)
2 BR	$2.16	$2,611	$1,640 (59.21%)	$1,482 (76.22%)

Historical Rents in Oregon

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Oregon

There are a total of 3 cities nearby Oregon. The average rent in Oregon is currently $2,700 per month. Our records show that Seattle, WA, with an average rent of $2,408, is the most affordable city nearby. In contrast, the most expensive city near Oregon is Bellevue, WA. Monthly rents here are on average $3,590 per month.

Let's compare Oregon's rent against other top cities nearby by bedroom size. Typically, rent for studios in Oregon is inf% more affordable than other cities nearby. One bedrooms are about 87.00% more affordable. Two bedrooms in Oregon are about 63.37% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near Oregon in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,786	$2,267	$3,276	$2,408
Redmond, WA	$2,088	$2,596	$3,187	$2,700
Bellevue, WA	$2,540	$3,186	$4,119	$3,590

Top Neighborhoods Near Oregon

There are a total of 4 neighborhoods in or near Oregon. Some of these neighborhoods include Belltown, Downtown Redmond, and Central Business District. We've included all of these top 4 neighborhoods in or near Oregon in the following chart.

The average rent for these 4 neighborhoods in or near Oregon is currently around $2,834 per month. Meaning, only four neighborhoods have a higher average rent than $2,834. Interestingly, the neighborhoods' average rent is higher than Oregon's average rent, which is only $1,698. Out of all the neighborhoods in or near Oregon, Belltown has the most affordable average rent at $2,100 per month. Whereas, at $3,476 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Oregon. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Belltown, Seattle, WA	$1,577	$2,154	$3,537	$2,100
Downtown Redmond, Redmond, WA	$2,088	$2,596	$3,100	$2,627
Central Business District, Seattle, WA	$1,999	$2,718	$3,937	$3,040
Downtown Bellevue, Bellevue, WA	$2,523	$3,190	$4,251	$3,476

Top Counties Near Oregon

There are a total of 4 counties located by Oregon. Some of these counties include Washoe, NV, El Dorado, CA, and King, WA. The average rent for rentals in these counties is $2,624. That's roughly around $2 per sqft. The county that is the most affordable is Washoe, NV. It's average rent per month is $2,273. Vice versa, with an average rent of $2,950, Snohomish, WA is the most expensive county by Oregon.

Typically, rent for studios in Oregon is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Oregon is 30.55% more affordable than other counties nearby. Finally, rent for two bedrooms in Oregon is 18.22% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Washoe, NV	N/A	$1,375	$1,895	$2,273
El Dorado, CA	$1,600	$1,625	$2,098	$2,450
King, WA	$1,927	$2,344	$3,221	$2,798
Snohomish, WA	$5,250	$1,999	$2,643	$2,950

Top Zipcodes Near Oregon

There are a total of 3 zipcodes in or near Oregon. The average rent for all of these zipcodes is $3,294.

The following chart includes the top 3 zipcodes in Oregon. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98052, Redmond, WA	$2,088	$2,596	$3,187	$2,700
98101, Seattle, WA	$1,999	$2,798	$4,375	$3,294
98004, Bellevue, WA	$2,523	$3,194	$4,251	$3,638

Frequently Asked Questions - Oregon Average Rents

What is the average rent price in Oregon?

The average monthly rental price for Oregon apartments for rent is approximately $1,698. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Oregon rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Oregon.

How much is a studio apartment in Oregon?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Oregon.

How much is a one bedroom apartment in Oregon?

The average monthly rental price for one bedroom apartments is $1,388 and an average price per square feet of $2.20. There are a total of 9 one bedroom apartment listings currently available for rent in Oregon.

How much is a two bedroom apartment in Oregon?

The average monthly rental price for two bedroom apartments is $2,005 and an average price per square feet of $2.16. There are a total of 7 two bedroom apartment listings currently available for rent in Oregon.

How have rent prices in Oregon changed this year?

Rent prices for rentals in Oregon can fluctuate yearly. Specifically, studio rental prices have changed by 0.06%, one bedroom rental prices have changed by -0.53%, two bedroom rental prices have changed by 0.59%, and three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in Oregon?

A reasonable rent price in Oregon is around $1,358/month. You can search for these reasonably priced rental listings on RentHop.