Hillsboro, OR
August 2026
97123,97124
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,613 – $1,783 | 4.18% | 0.47% |
| 2-Bedroom | $1,869 – $2,065 | -4.81% | -1.63% |
| 3-Bedroom | $2,263 – $2,501 | -4.54% | -7.12% |
| 4-Bedroom | $3,544 – $3,801 | 0.41% | -0.36% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,634 – $1,742 | 1.67% | -3.58% |
| 2-Bedroom | $2,022 – $2,125 | 1.97% | -2.33% |
| 3-Bedroom | $2,474 – $2,680 | -4.39% | -6.80% |
| 4-Bedroom | $3,398 – $3,696 | -4.42% | -5.80% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,928 – $2,068 | -8.34% | -9.12% |
| 2-Bedroom | $2,005 – $2,150 | -8.12% | -7.65% |
| 3-Bedroom | $2,443 – $2,594 | -2.86% | -1.66% |
| 4-Bedroom | $2,805 – $2,979 | -1.10% | -1.18% |
In the Hillsboro (97123, 97124) rental market, 1-bedroom apartments posted a 4.18% month-over-month gain, reaching a median rent of $1,698. Annual growth in this segment was modest at 0.47%, marking it as the only apartment category to show positive YoY movement in Hillsboro (97123, 97124).
Median rents for 2-bedroom condos hit $2,073 in Hillsboro (97123, 97124), outpacing 2-bedroom apartments by $106. Condos experienced a 1.97% increase month-over-month, while 2-bedroom apartment rents decreased by -4.81%, showing a clear split between these segments.
Reviewing Hillsboro (97123, 97124) rental trends, 2-bedroom single-family homes dropped -8.12% month-over-month to $2,078. This sizable decline contrasts with the condo segment’s gains, pinpointing sharper downward price pressures for single-family properties of this size.