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The history of the city of Portland, Oregon, began in 1843 when business partners William Overton and Asa Lovejoy filed to claim land on the west bank of the Willamette River in Oregon Country. In 1845 the name of Portland was chosen for this community by coin toss. February 8, 1851, the city was incorporated. Portland has continued to grow in size and population, with the 2010 Census showing 583,776 residents in the city.

The land today occupied by Multnomah County, Oregon, was inhabited for centuries by two bands of Upper Chinook Indians. The Multnomah people settled on and around Sauvie Island and the Cascades Indians settled along the Columbia Gorge. These groups fished and traded along the river and gathered berries, wapato and other root vegetables. The nearby Tualatin Plains provided prime hunting grounds. Eventually, contact with Europeans resulted in the decimation of native tribes by smallpox and malaria.

The site of the future city of Portland, Oregon, was known to American, Canadian, and British traders, trappers and settlers of the 1830s and early 1840s as "The Clearing," a small stopping place along the west bank of the Willamette River used by travelers en route between Oregon City and Fort Vancouver. As early as 1840, Massachusetts sea captain John Couch logged an encouraging assessment of the river's depth adjacent to The Clearing, noting its promise of accommodating large ocean going vessels, which could not ordinarily travel up river as far as Oregon City, the largest Oregon settlement at the time. In 1843, Tennessee pioneer William Overton and Boston, Massachusetts lawyer Asa Lovejoy filed a land claim with Oregon's provisional government that encompassed The Clearing and nearby waterfront and timber land. Legend has it that Overton had prior rights to the land but lacked funds, so he agreed to split the claim with Lovejoy, who paid the 25 cent filing fee. Bored with clearing trees and building roads, Overton sold his half of the claim to Francis W. Pettygrove of Portland, Maine, in 1845. When it came time to name their new town, Pettygrove and Lovejoy both had the same idea: to name it after his home town. They flipped a coin to decide, and Pettygrove won. On November 1, 1846, Lovejoy sold his half of the land claim to Benjamin Stark, as well as his half interest in a herd of cattle for $1,215. Three years later, Pettygrove had lost interest in Portland and become enamored with the California Gold Rush. On September 22, 1848, he sold the entire townsite, save only for 64 sold lots and two blocks each for himself and Stark, to Daniel H. Lownsdale, a tanner. Although Stark owned fully half of the townsite, Pettygrove "largely ignor[ed] Stark's interest", in part because Stark was on the east coast with no immediate plans to return to Oregon. Lownsdale paid for the site with $5,000 in leather, which Pettygrove presumably resold in San Francisco for a large profit. In 1854, the city council voted to form the Portland Fire Department, and following an 1857 reorganization it encompassed three engine companies and 157 volunteer firemen.

A major fire swept through downtown in August 1873, destroying 20 blocks along the west side of the Willamette between Yamhill and Morrison. The fire caused $1.3 million in damage. The West Shore reported "The new sidewalks put down this year are a disgrace to a Russian village. "Portland was the major port in the Pacific Northwest for much of the 19th century, until the 1890s, when direct railroad access between the deepwater harbor in Seattle and points east, by way of Stampede Pass, was built. Goods could then be transported from the northwest coast to inland cities without the need to navigate the dangerous bar at the mouth of the Columbia River. The city merged with Albina and East Portland in 1891. This made Portland the 41st largest city in the country, with approximately 70,000 residents. This merger was followed by the annexation of the neighboring city of Sellwood in 1893.

In 1905, Portland was the host city of the Lewis and Clark Centennial Exposition, a world's fair. This event

increased recognition of the city, which contributed to a doubling of the population of Portland, from 90,426 in 1900 to 207,214 in 1910. In 1911, the Willamette River flooded much of Downtown Portland, though not much damage is noted. In 1912 the city's 52 distinctive bronze temperance fountains known locally as "Benson bubblers" were installed around the downtown area by logging magnate Simon Benson. In 1915, the city merged with Linnton and St. Johns. July 1913 saw a free speech fight when, during a strike by women workers at the Oregon Packing Company, Mayor Henry Albee declared street speaking illegal, with an exception made for religious speech. This declaration was intended to stop public speeches by the Industrial Workers of the World in support of the strikers. On June 9, 1934, approximately 1,400 members of the International Longshoremen's Association (ILA) participated in the West Coast waterfront strike, which shut down shipping in every port along the West Coast. The demands of the ILA were: recognition of the union; wage increases from 85 cents to $1.00 per hour straight time and from $1.25 to $1.50 per hour overtime; a six hour workday and 30 hour work week; and a closed shop with the union in control of hiring. They were also frustrated that shipping subsidies from the government, in place since industry distress in the 1920s, were leading to larger profits for the shipping companies that weren't passed down to the workers. by over $2 billion spent by the U. S. Congress on expanding the Bonneville Power Administration, the need to produce materiel for Great Britain's increased preparations for war, as well as to meet the needs of the U. S. home front and the rapidly expanding American Navy. The growth was led by Henry J. Kaiser, whose company had been the prime contractor in the construction of two Columbia River dams. In 1941, Kaiser Shipyards received federal contracts to build Liberty ships and aircraft carrier escorts; he chose Portland as one of the sites, and built two shipyards along the Willamette River, and a third in nearby Vancouver; the 150,000 workers he recruited to staff these shipyards play a major role in the growth of Portland, which added 160,000 residents during World War II. In 1942, Japanese Americans, who primarily resided in Japantown, were moved to the Portland Assembly Center, a temporary internment center on the site of the Portland Expo Center. These individuals were eventually transported to internment camps. The majority of people complied with internment. Japantown became Old Town and its Japanese population never returned to meaningful numbers.

As part of the 1948 Columbia River floods, Vanport, a small wartime public housing community, primarily inhabited by employees of Kaiser Shipyards, was flooded and completely destroyed. The community was not rebuilt. Despite being short lived, Vanport's legacy is still seen today. Having a 40% Black population, Vanport led to the integration of Black people by Portland and the rest of Oregon. The Vanport Extension Center, a small college built to help veterans of World War II, moved to Downtown and became what is now Portland State University. The 1940s and 1950s also saw an extensive network of organized crime, largely dominated by Jim Elkins. The McClellan Commission determined in the late 1950s that Portland not only had a local crime problem, but also a situation that had serious national ramifications. In 1956 Oregonian reporters determined that corrupt Teamsters officials were plotting to take over the city's vice rackets.

As early as 1943, Highway planner Robert Moses was commissioned by the city to create a system of improvements for after the World War II. a downtown loop consisting of what is now I 405 and an eastside freeway (now I 5) were part of this plan. After debating the downtown route, both freeways were built and completed in 1966 (I 5) and 1969 (I 405), and included the construction of the Fremont Bridge and Marquam Bridge. The eastside freeway was so hated that the in a formal complaint, the Portland Arts Commission described it as "so gross, so lacking in grace, so utterly inconsistent with any concept of aesthetics". The construction of I 405 displaced approximately 1,100 households and caused the demolition of hundreds of buildings. An expansion project of I 405, set to be called I 505, was cancelled in 1978 due to extensive public outcry. In 1950, Harbor Drive, part of Oregon Route 99W, was reconstructed into a controlled access freeway. It was signed as I 5 for a short time until the completion of the Marquam Bridge in 1966. In 1974, after months of protests which included blocking the highway, and with support from Governor Tom McCall, the highway, as well as buildings between the highway and Front Avenue, were demolished. The highway and most of the former buildings' sites were turned into Tom McCall Waterfront Park, and Front Avenue was widened to become a boulevard. In 1996, Front Avenue was renamed Naito Parkway after businessman and civic leader Bill Naito.

Public transportation in Portland transitioned from private to public ownership in 1969–70, as the private companies found it increasingly difficult to make a profit and were on the verge of bankruptcy. A new regional government agency, the Tri County Metropolitan Transportation District (Tri Met), replaced Rose City Transit in 1969 and the "Blue Bus" lines—connecting Portland with its suburbs—in 1970.

From 2000 to 2014, Portland experienced a significant growth of over 90,000 people between the years 2000 and 2014. Between 2001 and 2012, Portland's gross domestic product per person grew by fifty percent, more than any other city in the country. and it was second in the country for attracting and retaining the highest number of college educated people in the United States. Portland has embraced this weirdness by hosting many odd events including the World Naked Bike Ride and the Portland Urban Idiotarod, a shopping cart race where participants wear absurd costumes and often doubles as a bar crawl. Portland is also home to various strange establishments including the 24 hour Church of Elvis, the TARDIS Room, and the Peculiarium. In the early 2000s, Portland became home to various street performers. Many of these performers embrace Portland's "weirdness" including the Unipiper, a unicycling bagpiper who wears a Darth Vader mask, and Working Kirk Reeves, a trumpet player and juggler known for his crisp white suit and Mickey Mouse hat. In 2003, Portland's longtime nickname "The City of Roses" (or "Rose City") was made official by the City Council.

From May 28, 2020 (the Killing Of George Floyd) until spring 2021, Portland had daily protests about Floyd's killing and racial injustice. Many of these protests turned violent and led to looting, vandalism, and assault. In one case, a protestor was killed by an opposing one. Millions of dollars were lost by local businesses from theft and vandalism. President Donald Trump deployed multiple groups of federal officers to assist locally based Federal Protective Service officers in guarding federal property as the Mark O. Hatfield United States Courthouse and the Edith Green – Wendell Wyatt Federal Building were primary targets of the vandalism and rioting. Temporayr fences and bords are up around the two federal buildings and the Multnomah County Justice Center as of February 2024. On July 22, Mayor Ted Wheeler attended one of the protests and was tear gassed by federal officers. These riots also led to the vandalism and removal of many of Portland's statues including the statues of Abraham Lincoln, Theodore Roosevelt, and George Washington. Of the six statues removed, only one (Thompson Elk Fountain) is set to be replaced.

In the November 2022 election, Portland residents voted to change the city's form of government. Portland is the only major city in the country to operate under a city commission form of government. This includes a five member board, including the mayor, who each run various bureaus of the city. Under the new form of government, the mayor will no longer be a part of the city council and the city council will have twelve districted seats with three councilmembers each representing one of four districts. Additionally, elections will use a single transferable vote system as opposed to a first past the post system.

While visual arts had always been important in the Pacific Northwest, the mid 1990s saw a dramatic rise in the number of artists, independent galleries, site specific shows and public discourse about the arts. Several arts publications were founded. The Portland millennial art renaissance has been described, written about and commented on in publications such as ARTnews, Artpapers, Art in America, Modern Painters and Artforum and discussed on CNN. The Wall Street Journal Peter Plagens noted the vibrancy of Portland's alternative art spaces.