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RentData.org Logo Portland-Vancouver-Hillsboro Fair Market Rent FY 2021 Portland-Vancouver-Hillsboro, OR-WA MSA Rental Data

Fair Market Rent Prices in Portland-Vancouver-Hillsboro, OR :
$1,245 $1,331 $1,536 $2,193 $2,657
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Portland-Vancouver-Hillsboro are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Portland-Vancouver-Hillsboro is $1,536 per month.

The previous year, rent for a two-bedroom home was $1,495 per month. This is a 2.74% increase year-over-year.

This FMR rate applies to Manning, OR, Heisson, WA, Marylhurst, OR, Bridal Veil, OR, Buxton, OR, Government Camp, OR, Timber, OR, Gales Creek, OR, Underwood, WA, Brightwood, OR and other cities within the region. The Metro Code or CBSA code for this region is METRO38900M38900.

Additionally, This Fair Market Rent (FMR) area Portland-Vancouver-Hillsboro, OR-WA MSA spans seven counties or cities in which ares listed in the table below. Estimated population of Portland-Vancouver-Hillsboro, OR-WA MSA FMR area is 2,382,035 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Portland-Vancouver-Hillsboro. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Portland-Vancouver-Hillsboro

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1313
1-BR 1-Bedroom $ 1404
2-BR 2-Bedroom $ 1620
3-BR 3-Bedroom $ 2312
4-BR 4-Bedroom $ 2802
Change Year:

The counties, cities, towns, and regions listed below fall into the Portland-Vancouver-Hillsboro, OR-WA MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Portland, Or.

County / Region Est. Population
Clackamas County, OR Metro 399,960
Columbia County, OR Metro 50,205
Multnomah County, OR Metro 788,460
Washington County, OR Metro 572,070
Yamhill County, OR Metro 102,365
Clark County, WA Metro 457,475
Skamania County, WA Metro 11,500
Zip Codes in Portland-Vancouver-Hillsboro, OR-WA MSA

There are 152 unique zip codes in this Fair Market Rent (FMR) area:

97002, 97004, 97005, 97006, 97007, 97008, 97009, 97010, 97011, 97013, 97015, 97017, 97018, 97019, 97022, 97023, 97024, 97027, 97028, 97030, 97032, 97034, 97035, 97036, 97038, 97042, 97045, 97048, 97049, 97051, 97053, 97054, 97055, 97056, 97060, 97062, 97064, 97067, 97068, 97070, 97071, 97075, 97078, 97080, 97086, 97089, 97106, 97109, 97111, 97113, 97114, 97115, 97116, 97117, 97119, 97123, 97124, 97125, 97127, 97128, 97132, 97133, 97140, 97144, 97148, 97201, 97202, 97203, 97204, 97205, 97206, 97207, 97208, 97209, 97210, 97211, 97212, 97213, 97214, 97215, 97216, 97217, 97218, 97219, 97220, 97221, 97222, 97223, 97224, 97225, 97227, 97228, 97229, 97230, 97231, 97232, 97233, 97236, 97238, 97239, 97240, 97242, 97251, 97253, 97254, 97258, 97266, 97267, 97268, 97269, 97280, 97281, 97282, 97283, 97286, 97290, 97291, 97292, 97293, 97294, 97296, 97298, 97362, 97375, 98601, 98604, 98606, 98607, 98610, 98622, 98629, 98639, 98642, 98648, 98651, 98660, 98661, 98662, 98663, 98664, 98665, 98666, 98668 show more

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