Average Rent in Bend, OR↑ Rents rising 2.7% YoY🔺 3rd priciest in OR

Bend, OR has rental prices ranging from $1,285/month to $2,799/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,318/month — 6% below the national average of $1,400/month. With a median household income of $85,509/year, spending $1,318/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Bend Compares

With an average 2-bedroom rent of $1,667/month, Bend ranks #3 most expensive of the 31 cities tracked in Oregon — pricier than 95% of all US cities in our data.

The Bend Rental Market

The Bend, OR area has a population of about 253,650 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Bend, OR have risen by $44/month (2.7%) over the past year, from $1,623 to $1,667. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Bend, OR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $52,720. The local median household income of $85,509 exceeds that threshold by $32,789, making Bend relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Bend, OR is $738,296, giving a price-to-rent ratio of 36.9. With a break-even horizon of approximately 37 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Bend's neighborhoods. Among the highest-value areas are Mountain View ($553,240 median home value), Larkspur ($568,132 median home value), Orchard District ($599,755 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Bend, OR Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Bend?

Break-even analysis and mortgage estimates based on local market data.

Living in Bend

Cost of living, job market, crime rates, and moving cost estimates.