Rent by ZIP · Multnomah County
Rent in Portland, OR 97204
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,730 (-3.9% vs FY2026). Renters in this ZIP code pay a median $807 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,420 | $1,470 | -3.4% | $1,278–1,562 | $793 ±$247 |
| 1 bedroom | $1,510 | $1,580 | -4.4% | $1,359–1,661 | $722 ±$464 |
| 2 bedrooms | $1,730 | $1,800 | -3.9% | $1,557–1,903 | – |
| 3 bedrooms | $2,360 | $2,470 | -4.5% | $2,124–2,596 | – |
| 4 bedrooms | $2,800 | $2,900 | -3.4% | $2,520–3,080 | – |
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 97204
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 |
|---|---|---|---|
| 97203 | Portland | $1,800 | $1,680 |
| 97205 | Portland | $1,730 | $2,067 |
| 97202 | Portland | $2,030 | $1,828 |
| 97206 | Portland | $1,830 | $1,744 |
| 97201 | Portland | $2,120 | $2,044 |
| 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.