All 30 neighborhoods in Portland ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | Pearl District | $2,340/mo | 1.30x | +30% |
| 2 | Lake Oswego | $2,304/mo | 1.28x | +28% |
| 3 | Nob Hill / NW 23rd | $2,196/mo | 1.22x | +22% |
| 4 | South Waterfront | $2,124/mo | 1.18x | +18% |
| 5 | Downtown Portland | $2,070/mo | 1.15x | +15% |
| 6 | West Linn | $2,070/mo | 1.15x | +15% |
| 7 | Laurelhurst | $2,016/mo | 1.12x | +12% |
| 8 | Alberta Arts District | $1,980/mo | 1.10x | +10% |
| 9 | Irvington | $1,944/mo | 1.08x | +8% |
| 10 | Hawthorne | $1,944/mo | 1.08x | +8% |
| 11 | Mississippi District | $1,890/mo | 1.05x | +5% |
| 12 | Division | $1,890/mo | 1.05x | +5% |
| 13 | Goose Hollow | $1,890/mo | 1.05x | +5% |
| 14 | Sellwood-Moreland | $1,836/mo | 1.02x | +2% |
| 15 | Buckman | $1,800/mo | 1.00x | Avg |
| 16 | Sunnyside | $1,764/mo | 0.98x | -2% |
| 17 | Woodstock | $1,656/mo | 0.92x | -8% |
| 18 | Brooklyn | $1,620/mo | 0.90x | -10% |
| 19 | Kenton | $1,584/mo | 0.88x | -12% |
| 20 | Foster-Powell | $1,584/mo | 0.88x | -12% |
| 21 | St. Johns | $1,530/mo | 0.85x | -15% |
| 22 | Montavilla | $1,530/mo | 0.85x | -15% |
| 23 | Beaverton | $1,476/mo | 0.82x | -18% |
| 24 | Milwaukie | $1,476/mo | 0.82x | -18% |
| 25 | Hillsboro | $1,440/mo | 0.80x | -20% |
| 26 | Tigard | $1,404/mo | 0.78x | -22% |
| 27 | Cully | $1,404/mo | 0.78x | -22% |
| 28 | Lents | $1,350/mo | 0.75x | -25% |
| 29 | Oregon City | $1,296/mo | 0.72x | -28% |
| 30 | Gresham | $1,260/mo | 0.70x | -30% |
Rent estimates based on city average of $1,800/mo adjusted by neighborhood cost index. Index 1.00 = city average.
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Open a Wise Account →The most expensive neighborhood in Portland is Pearl District, with an estimated 1-bedroom rent of $2,340/month — 30% above the city average.
Pearl District is approximately 30% more expensive than the Portland average. 1-bedroom rent is $2,340/mo vs $1,800/mo city-wide.
Our database covers 30 neighborhoods in Portland, each with detailed cost-of-living and salary data.