Multnomah Village / SW Hills, OR
August 2026
97219,97221,97239
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,510 – $1,636 | 7.44% | 0.71% |
| 2-Bedroom | $1,624 – $1,794 | 1.72% | -2.20% |
| 3-Bedroom | $2,395 – $2,569 | -5.45% | -8.89% |
| 4-Bedroom | $3,704 – $3,858 | 1.22% | 0.56% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,516 – $1,626 | -3.20% | -7.19% |
| 2-Bedroom | $1,881 – $2,005 | 1.36% | -4.71% |
| 3-Bedroom | $2,815 – $3,031 | -1.42% | -3.04% |
| 4-Bedroom | $3,700 – $3,891 | 1.51% | 0.77% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,929 – $2,057 | -4.25% | -5.49% |
| 2-Bedroom | $1,861 – $2,016 | -16.82% | -17.90% |
| 3-Bedroom | $2,944 – $3,126 | -0.75% | -2.89% |
| 4-Bedroom | $3,473 – $3,725 | 1.06% | -0.48% |
In the Multnomah Village / SW Hills (97219, 97221, 97239) rental market, 1-bedroom apartments climbed by 7.4% month-over-month, reaching a median rent of $1,573 in August 2026. This segment also posted a modest 0.7% year-over-year gain, signaling renewed momentum for smaller units in Multnomah Village / SW Hills (97219, 97221, 97239).
The 2-bedroom single-family segment in Multnomah Village / SW Hills (97219, 97221, 97239) experienced a sharp drop, falling 16.8% month-over-month to $1,938 and marking a 17.9% decrease year-over-year. This notable contraction sets single-family 2BR homes apart from other property types in the same bedroom category.
Multnomah Village / SW Hills (97219, 97221, 97239) rental trends show that 3-bedroom condos achieved a median rent of $2,923, outperforming 3-bedroom apartments by $441. Despite this premium, both segments posted negative year-over-year changes, with apartments down 8.9% and condos dipping 3.0%.