Northwest Market Trends

The Northwest District is a densely populated retail and residential neighborhood in the Northwest section of Portland, Oregon. Craftsman- and Old Portland-style houses are packed tightly together with grand old apartment buildings and sleek new condominiums, within walking distance of restaurants, bars, and shops. The Portland Streetcar terminates here, connecting the district to the Pearl District and Downtown Portland.
The district stretches west to east from the base of the West Hills to I-405, and north to south from NW Nicolai St. and the Willamette River to W Burnside St. It borders the neighborhoods of Forest Park and Hillside on the west, Northwest Industrial on the north, the Pearl District on the east, and Goose Hollow on the south.
This part of Portland is known more by names for various streets and areas within it than by its official name. These include:
⁕NW 23rd Ave. Dubbed Trendy-third, this major shopping street is lined with swanky clothing boutiques and other upscale retail, mixed with cafes and restaurants. This area is also known as Uptown and includes Nob Hill. Music retailer Music Millennium, considered a local icon and national leader in the music-selling industry, operated what was then its main store on NW 23rd Avenue from 1977 until 2007.

Currently, the average rents in this neighborhood are approximately:

Bedrooms Average Rent
Studios $1,679
1 bedroom $1,732
2 bedrooms $2,312
3 bedrooms $4,500
Listing Price Bed/Bath

If you're looking for Northwest apartments on Craigslist but don't want to pay a broker fee, a good place to start your apartment search is Northwest no fee apartment guide.