Average Rent In Oregon For January 2024
Average Rent
What is the average rent in Oregon?
The average rent in Oregon for January 2024 is $1,431, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Oregon is $1,415. The average rent of a 1-bedroom apartment in Oregon is $1,215.
Compared to the national average of $1,379, Oregon rent costs 3.8% less. Read our analysis of rents by state to see how Oregon ranks.
Here's a look at how average rents have changed over time:
How Does Oregon Rent Compare To The Rest Of The Country?
| Statistic | OR | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,431 | $1,379 | 3.8% |
| M-o-M Change | -$14 | -$11 | 27.3% |
| Y-o-Y Change | -$69 | -$14 | 392.9% |
| M-o-M % Change | -1.0% | -0.8% | - |
| Y-o-Y % Change | -4.6% | -1.0% | - |
Median Rent By Bedrooms In Oregon
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Oregon increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Oregon clocking in at $1,215, while a 2-bedroom rental will set you back $1,415 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $707/room/month.
Read on to find out more or for more on Oregon check out:
Month Over Month Oregon Rent Statistics
M-o-M Increase
M-o-M Increase
Oregon has experienced a -$14 change in rent over the past month going from $1,445 to $1,431. That change comes out to -1.0%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Oregon:
Year Over Year Oregon Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Oregon changed -$69 from $1,500 to $1,431. A change of -$69 means that rents changed -4.6% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Oregon:
The 10 Places With The Highest Rent In Oregon
Population: 18,477
Median Rent: $1,570
More on Happy Valley: Data | Cost Of Living | Real Estate
Population: 19,107
Median Rent: $1,526
More on Sherwood: Data | Crime | Cost Of Living | Real Estate
Population: 38,212
Median Rent: $1,524
More on Lake Oswego: Data | Crime | Cost Of Living | Real Estate
Population: 26,307
Median Rent: $1,489
More on West Linn: Data | Crime | Cost Of Living | Real Estate
Population: 10,909
Median Rent: $1,463
More on Damascus: Real Estate
Population: 102,396
Median Rent: $1,336
More on Hillsboro: Data | Crime | Cost Of Living | Real Estate
Population: 8,858
Median Rent: $1,293
More on Eagle Point: Data | Crime | Cost Of Living | Real Estate
Population: 22,789
Median Rent: $1,293
More on Wilsonville: Data | Cost Of Living | Real Estate
Population: 10,581
Median Rent: $1,261
More on Sandy: Data | Cost Of Living | Real Estate
Population: 95,710
Median Rent: $1,254
More on Beaverton: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Oregon
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.