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Damascus, OR Homes for Rent

Section Image
  • /24

    $3,600

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • 2,100 Sq Ft
    • Townhouse for Rent

    15421 SE Cobalt Loop, Damascus, OR 97089

    Noelle P. FriesenLicensed Property ManagerOwner, NPF PropertiesBeautiful Home with Amenities Galore Inside and Out! (Unfurnished! New pictures of it unfurnished coming soon)15421 SE Cobalt LoopDamascus, OR 97089Property Details:2100 square feet2 story corner unit Townhouse 4 bedrooms (3 are quite large with vaulted ceilings!)2.5

    15421 SE Cobalt Loop, Damascus, OR 97089
  • /20

    $3,300 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,130 Sq Ft
    • 3 Bedroom/2.5 Bath + Bonus Room & Outdoor living

    16347 SE Maduros Way, Damascus, OR 97089

    Welcome home to this beautifully 3-bedroom, 2.5-bath residence in the heart of Damascus, where comfort, functionality, and outdoor living come together. The thoughtfully designed floor plan offers spacious living areas and a versatile bonus room—perfect as a home office, media room, playroom, or guest space.The open-concept main living area creates an inviting atmosphere for everyday

    16347 SE Maduros Way, Damascus, OR 97089

Why Live in Damascus

Damascus, Oregon, is a community that straddles the line between rural and suburban living, offering residents expansive properties and scenic views. The area features large lots, some reaching up to 10 acres, and a variety of home styles ranging from early 20th-century builds to new constructions. Residents enjoy proximity to the amenities of Happy Valley, Southgate, and Clackamas, which are just a short drive away. Local shopping options include New Seasons Market and Fred Meyer in Happy Valley, while closer to home, Damascus Square features Bow and Arrow Coffeehouse and Pub 212. The Gresham-Barlow School District serves the community, with Deep Creek – Damascus K-8 School earning high ratings and offering numerous after-school clubs. Outdoor recreation is abundant, with nearby Boring providing access to the Springwater Corridor Trail and Cazadero Trail, offering over 20 miles of walking and biking paths. Damascus itself features Centennial Park, which includes a playground and picnic area. Commuting to downtown Portland is convenient, taking about 30 minutes by car, and Portland International Airport is similarly accessible. The community is safer than the national average, adding to its appeal for those seeking a balance of rural charm and suburban convenience.

Frequently Asked Questions

How much does it cost to rent a home in Damascus, OR?
The median rent for a home in Damascus, OR is $3,300 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Damascus, OR?
To comfortably afford the median rent in Damascus, OR, a household needs to earn roughly $132,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,300 per month in Damascus, OR, renters typically need to show $9,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Damascus, OR?
In Damascus, OR, the price-to-rent ratio is 16.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Damascus, OR are best for renting a home?
The best neighborhood for renting in Damascus, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Centennial, Rock Creek, Pleasant Valley, Hollybrook and Kelly Creek, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,300
Median Single Family Home Rent
$2,975
Median Townhouse Rent
$3,600
How to Rent a Home