Rent by ZIP · Multnomah County
Rent in Portland, OR 97203
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,800 (-2.7% vs FY2026). Renters in this ZIP code pay a median $1,571 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,460 | $1,510 | -3.3% | $1,314–1,606 | $1,264 ±$185 |
| 1 bedroom | $1,570 | $1,610 | -2.5% | $1,413–1,727 | $1,335 ±$174 |
| 2 bedrooms | $1,800 | $1,850 | -2.7% | $1,620–1,980 | $1,680 ±$89 |
| 3 bedrooms | $2,440 | $2,520 | -3.2% | $2,196–2,684 | $1,875 ±$176 |
| 4 bedrooms | $2,940 | $2,990 | -1.7% | $2,646–3,234 | $2,159 ±$788 |
Small Area FMRs for the Portland-Vancouver-Hillsboro, OR-WA MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Portland-Vancouver-Hillsboro, OR-WA MSA, 2 bedrooms: $1,878.
What renters pay in 97203
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 97202 | Portland | $2,030 | $1,828 |
| 97204 | Portland | $1,730 | – |
| 97201 | Portland | $2,120 | $2,044 |
| 97205 | Portland | $1,730 | $2,067 |
| 97206 | Portland | $1,830 | $1,744 |
| 97209 | Portland | $2,180 | $2,349 |
Fair Market Rents across Multnomah County, OR · All OR counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.