Rent by ZIP · Multnomah County
Rent in Portland, OR 97232
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,920 (-2.5% vs FY2026). Renters in this ZIP code pay a median $1,646 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,560 | $1,610 | -3.1% | $1,404–1,716 | $1,500 ±$101 |
| 1 bedroom | $1,670 | $1,720 | -2.9% | $1,503–1,837 | $1,599 ±$85 |
| 2 bedrooms | $1,920 | $1,970 | -2.5% | $1,728–2,112 | $1,959 ±$147 |
| 3 bedrooms | $2,610 | $2,680 | -2.6% | $2,349–2,871 | $2,340 ±$270 |
| 4 bedrooms | $3,140 | $3,190 | -1.6% | $2,826–3,454 | – |
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 97232
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 |
|---|---|---|---|
| 97231 | Portland | $1,960 | $1,943 |
| 97233 | Portland | $1,730 | $1,377 |
| 97230 | Portland | $1,750 | $1,602 |
| 97229 | Portland | $2,100 | $1,963 |
| 97236 | Portland | $1,730 | $1,583 |
| 97227 | Portland | $1,830 | $2,202 |
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.