Oregon renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Oregon is about $1,284 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in Oregon have a median income of $6,379 per month so the average renter in Oregon is spending roughly 20% of their earnings on housing.
Nationally, and in Oregon, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oregon is $365,363 right now, which is lower than nearby states, meaning that rents in Oregon also tend to be lower versus these nearby states.
Higher rent prices are common in the northern parts of Oregon while lower rent rates are often available in northeastern areas.
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