So, you’re planning on renting in Portland Oregon but don’t know what to expect from the local rental market.
In this article we will provide you with a breakdown of the current rental market conditions in Portland and what you can expect from renting in one of Oregon’s fastest growing cities.
Average Rent
Right now the average rent in Portland Oregon for a one bedroom apartment is $1,209 per month while the average rent for communities which are 10 miles outside of Portland is $1,442 per month (Source: Rent Jungle).
If you plan on renting a single family home in Portland you can expect to pay between $1,395 for a one bedroom, 1 bath home, $1,650 for a 2 bedroom, 1 bathroom home and $2,525 per month for a 3 bedroom, 2 bathroom home (Source: Zillow).
What to Do Before Renting
Before renting in Portland Oregon make sure you do the following:
- Check your credit score – This step is important because, unpaid bills or late payments can hurt your chances of getting the rental you really want and stop some owners from renting to you if they require a high credit score.
- Get your references in order – Have all of your work and personal references in order and make sure that anyone you use as a reference will be prepared for a call from your potential landlord.
- Be ready to pay your deposit – If you are offered a rental property in Portland Oregon make sure you are ready to pay the deposit when it’s requested since most property owners will only hold a property for you for just 24 to 48 hours or less.
Do you need Portland Property Management? Contact Property Management Systems!
To view rental properties in Portland Oregon or receive more information on property management services, contact Property Management Systems today by CLICKING HERE or calling us at (503) 515-3170.
