Rent in Portland, IN
A 2-bedroom in Portland, IN (ZIP 47371) typically rents for about $789 a month, with a range of $789–$1,014. Owner-occupied homes in Jay County pay about 0.60% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $578 | $578–$759 | 1 |
| 1 bed | $531 | $531–$775 | 1 |
| 2 beds | $789 | $789–$1,014 | 1 |
| 3 beds | $806 | $806–$1,328 | 1 |
| 4 beds | $1,333 | $1,333 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Portland ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Portland, IN?
- About $789 a month: the median of the typical rents in 1 ZIP code, which range from $789–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Portland, IN?
- About $531 a month: the median of the typical rents in 1 ZIP code, which range from $531–$775. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Portland, IN?
- About $806 a month: the median of the typical rents in 1 ZIP code, which range from $806–$1,328. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Portland, IN?
- About $578 a month: the median of the typical rents in 1 ZIP code, which range from $578–$759. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Portland, IN?
- About $1,333 a month: the median of the typical rents in 1 ZIP code, which range from $1,333. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Portland, IN?
- Owner-occupied homes in Jay County pay a typical 0.60% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Portland rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).