Average Rent Prices in Oregon (OR)
As of 2023, the overall average fair market rent for a residential rental property in Oregon is $1,545. Average rent prices in Oregon sit above the national average rent of $1,274, in which Oregon ranks as the 12th highest rent among all 50 states and 39th lowest rent among all 50 states within the United States. In Oregon’s large metropolitan areas such as Portland, OR, the average rent prices tend to be higher, while alternative areas such as Beaverton OR, can provide more affordable options.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Average Rent Prices in Oregon (OR) Visual Chart
Average Rent Prices in Oregon (OR) by Metro Area
|1||Albany, OR MSA||893||1.000||1.263||1.728||2.019|
|2||Bend-Redmond, OR MSA||999||1.184||1.492||2.120||2.541|
|3||Corvallis, OR MSA||1.107||1.158||1.430||2.032||2.410|
|4||Eugene-Springfield, OR MSA||902||1.025||1.349||1.917||2.298|
|5||Grants Pass, OR MSA||781||887||1.167||1.659||1.832|
|6||Medford, OR MSA||861||978||1.287||1.829||2.192|
|7||Portland-Vancouver-Hillsboro, OR-WA MSA||1.500||1.610||1.839||2.574||2.995|
|8||Salem, OR MSA||924||978||1.245||1.769||2.037|
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2023.
The #1 Rental Property Newsletter
Once a month, we send out an exclusive Rental Property Market Update with top stories, current mortgage rates, building products, and more. No spam and unsubscribe anytime.
The Ultimate Guide to Rent Payments
Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.
The Ultimate Guide to Security Deposits
Security deposits play a key role in risk mitigation against potential tenant-related damages or contractual breaches.
The Ultimate Guide to Rental Utilities
Rental property utilities whether they are included or not, represent a significant consideration for both landlords and tenants.
Average Rent Prices in Other US States 2023
Click a State to see a detailed breakdown of average rents in that state.
Average Rent in the United States
Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.
Cheapest Rent in the United States
The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.
Most Expensive Rent in the United States
It’s no secret that rents have been continually on the rise, but where are rents really the highest in the United States?