Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Portland-Vancouver-Hillsboro Fair Market Rent FY 2024 Portland-Vancouver-Hillsboro, OR-WA MSA Rental Data

Fair Market Rent Prices in Portland-Vancouver-Hillsboro, OR :
$1,650 $1,776 $2,024 $2,809 $3,254
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Portland-Vancouver-Hillsboro are very high compared to the national average. This FMR area is more expensive than 98% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Portland-Vancouver-Hillsboro is $2,024 per month.

The previous year, rent for a two-bedroom home was $1,839 per month. This is a 10.06% increase year-over-year.

This FMR rate applies to Government Camp, OR, Marylhurst, OR, Brightwood, OR, Scotts Mills, OR, Rhododendron, OR, Welches, OR, Mulino, OR, Colton, OR, Corbett, OR, Eagle Creek, 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 one county or city in Oregon which is listed in the table below. Estimated population of Portland-Vancouver-Hillsboro, OR-WA MSA FMR area is 415,084 people based on latest Census data.

Compared to the rest of Oregon, the Portland-Vancouver-Hillsboro FMR area is more expensive than 100% of the state.

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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 $ 1732
1-BR 1-Bedroom $ 1864
2-BR 2-Bedroom $ 2124
3-BR 3-Bedroom $ 2947
4-BR 4-Bedroom $ 3415
Change Year:

There is just one county (listed below) within the Portland-Vancouver-Hillsboro, OR-WA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Portland, Or.

County / Region Est. Population
, OR Metro 415,084
Zip Codes in Portland-Vancouver-Hillsboro, OR-WA MSA

There are 40 unique zip codes in this Fair Market Rent (FMR) area:

97002, 97004, 97009, 97011, 97013, 97015, 97017, 97019, 97022, 97023, 97027, 97028, 97032, 97034, 97035, 97036, 97038, 97042, 97045, 97049, 97055, 97062, 97067, 97068, 97070, 97071, 97080, 97086, 97089, 97132, 97140, 97202, 97206, 97219, 97222, 97267, 97268, 97269, 97362 and 97375

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