The Portland Business Journal reports today that the average Portland apartment rents for $927 per month, according to Real Facts. In downtown Portland, the average rent for an apartment is $1.68 per square foot, or about $1,344 for an 800 square foot unit.
With today’s low interest rates, it may be wise to consider buying and building equity, especially if you think you’ll stay put for a few years.
Check out our Open Houses this weekend at www.pru-nw.com.
If you’d like to see what your financing options are and learn how much you can afford, visit our mortgage partner HomeServices Lending of Oregon.