Rent in Oregon
The median 2-bedroom Fair Market Rent in Oregon is $1,560/mo, ranking #19 out of 51 states for highest rent. This is $310 above the national median of $1,250/mo. Oregon has a population of 4.2M. About 36.6% of households rent their homes. Fair Market Rent data covers 10 areas across the state.
Highlights
All 10 Areas in Oregon
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Portland-Vancouver-Hillsboro Pop. 2.5M | $1,570 | $1,677 | $1,922 | $2,619 | 24.4% | -5% |
| Bend-Redmond Pop. 254K | $1,362 | $1,371 | $1,784 | $2,481 | 25% | +9.9% |
| Eugene-Springfield Pop. 383K | $1,223 | $1,286 | $1,688 | $2,348 | 29.2% | +20.8% |
| Corvallis Pop. 96K | $1,200 | $1,290 | $1,622 | $2,256 | 25.6% | +3.3% |
| Salem Pop. 435K | $1,181 | $1,201 | $1,560 | $2,159 | 24.6% | +16.4% |
| Medford Pop. 223K | $1,055 | $1,229 | $1,530 | $2,128 | 25.7% | +9.6% |
| Albany Pop. 130K | $1,034 | $1,236 | $1,500 | $2,030 | 24.5% | +8.4% |
| Crook County Pop. 26K | $1,049 | $1,056 | $1,385 | $1,926 | 20.3% | - |
| Grants Pass Pop. 88K | $940 | $1,039 | $1,363 | $1,896 | 27.7% | +1.3% |
| Jefferson County Pop. 25K | $939 | $945 | $1,229 | $1,709 | 20.2% | - |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Oregon is $1,560 per month. Rents range from $1,229/mo in Jefferson County to $1,922/mo in Portland-Vancouver-Hillsboro. The actual median gross rent statewide is $1,450/mo according to Census data.
Oregon ranks #19 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,560/mo is $310 above the national median of $1,250/mo.
The average rent burden across Oregon is 24.7%, meaning a typical household would spend 24.7% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $80,426.
The most affordable area in Oregon is Jefferson County with a 2-bedroom Fair Market Rent of $1,229/mo. The median household income there is $73,051.
The most expensive area in Oregon is Portland-Vancouver-Hillsboro with a 2-bedroom Fair Market Rent of $1,922/mo. The median household income there is $94,573.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.