Hillsboro, Oregon Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Hillsboro, Oregon rental market.
Hillsboro, Oregon
Average Apartment Rent
$1,862
Y-o-Y Change in Average
Apartment Rent
-3.9%
As of May 2026
Compared to a year ago, Hillsboro, Oregon apartments have recorded a -3.9% rent decrease.
Hillsboro, Oregon Average apartment rent trend
Hillsboro, Oregon Average Apartment Rent
Hillsboro, Oregon Apartment rent ranges
At 64.38%, apartments priced $1,500 - $2,000 represent the bulk of Hillsboro, Oregon rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.16%.
Hillsboro, Oregon Housing tenure**
Renters take up 49% of Hillsboro, Oregon real estate, occupying a total of 20,101 units, while homeowners live in 20,532 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$77,697
Average household size of renter-occupied housing units**
2.45
Rental vacancy rate**
2%
Hillsboro, Oregon Renter-occupied housing units by no. of bedrooms**
There are 8,012 rentals in Hillsboro, Oregon with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 106 units. Overall, the median number of rooms in Hillsboro, Oregon homes for rent is 3.9.
Hillsboro, Oregon Renter-occupied units by age of householder**
Most condos for rent in Hillsboro, Oregon are occupied by residents in the 25 - 34 years age group (38%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Hillsboro, Oregon Renter-occupied housing units by family type**
Hillsboro, Oregon Renter-occupied housing units by the presence of own children**
A total of 10,605 apartments for rent in Hillsboro, Oregon, or 53% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 6,156 units. All in all, the median size of a renter-occupied household in Hillsboro, Oregon is 2.45.
Hillsboro, Oregon Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 44% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Hillsboro, Oregon.
Hillsboro, Oregon Renter-occupied units by year structure built**
The highest share of Hillsboro, Oregon apartment rentals, namely 26% or 5,219 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (23%, 4,698 units), and the ones Built 2010 - 2019 (19%, 3,834 units).
Hillsboro, Oregon Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Hillsboro, Oregon renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Hillsboro, Oregon condos for rent is 2018.
Hillsboro, Oregon Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Hillsboro, Oregon renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 10% have No vehicle available.
Hillsboro, Oregon Means of transportation to work of householders living in renter-occupied housing units**
Hillsboro, Oregon Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hillsboro, Oregon apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
