Portland, Oregon rents rise as listings lease faster

Q3 2026 at a glance

Median rent by unit type

Every unit type gained quarter over quarter, with single-family up 4.8% and the 3-bedroom median up 3.8% to $1,895.

Concessions and days on market

Concessions eased to 44.2% from 48.0% in Q2, and median days on market fell to 22 from 27 as single-family rentals leased in 15.

Property manager sentiment

The share of managers expecting rent increases fell to 12% from 34% in Q2, while 16% report more applicants and 5% report fewer.

Rent vs. buy: one of the widest gaps tracked

Buying costs $1,831 more per month than renting, up $153 from Q2 and the third-widest gap among all metros Rental Beast tracks.

Check out the Q3 2026 nationwide report

Download the full national analysis including rent-vs-buy and sentiment data across every tracked metro: Q3 2026 National Rental Market Report

Additional reports are available for the following markets:

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Methodology

Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Rental Beast listing data covers a range of rental property types and owner types operating within the long-term rental market (generally considered to be leases with a minimum of three months). Single-family rentals are considered to be properties with 4 or fewer units. Multifamily is more than 4 doors. Unless otherwise noted, our analysis uses the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area (MSA) as the geographical unit.

Rents are calculated based on these listings. Days on market (DOM) and concession analysis are based on these listings, with some data sources excluded due to DOM and concession info being unavailable or deemed to be unreliable. Concessions are incentives that entice renters to sign a lease (e.g., one month free, a gift card, etc.). Our sentiment survey is based on phone conversations during Q3 2026 with rental building and community managers and property managers. Questions and answer choices:

• Q1. Do you expect rent prices to increase, remain the same or decrease over the next 6 months? [Possible answers: Remain the same, increase, decrease]
• Q2. Do you believe you are currently getting more, about the same or fewer applicants for your available rentals? [Possible answers: About the same, more, fewer]

DISCLAIMER. This report attempts to provide reliable and useful information; however, there is no guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Our analysis uses MSA as the geographical unit and is not reflective of all-U.S. measures. Information from this document may be used with proper attribution.

©2026 by Rental Beast