Portland rents held steady over the past month, but are down moderately by 1.1 percent year-over-year, according to the latest report from Apartment List.
Median rents in Portland are $1,119 for a one-bedroom apartment and $1,320 for a two-bedroom.
Portland proper has the least expensive rents in the Portland metro. Portland rents held steady after a couple of months of decline.
Rents falling across the Portland Metro
Rent prices have been decreasing not just in Portland over the past year, but across the entire metro.
Of the largest 10 cities in the Portland metro for which Apartment List has data, 6 of them have seen prices drop.
Here’s a look at how rents compare across some of the largest cities in the metro.
- Over the past year, Canby has seen the biggest rent drop in the metro, with a decline of 4.7 percent. Median two-bedrooms there cost $1,745, while one-bedrooms go for $1,479.
- Forest Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 2.2 percent. The median two-bedroom there costs $1,453, while one-bedrooms go for $1,232.
- Hillsboro has the most expensive rents of the largest cities in the Portland metro, with a two-bedroom median of $2,056; rents grew 0.1 percent over the past month but fell 2.2 percent over the past year.
Valley Rents In Oregon Hold Steady
Eugene rents have remained steady over the past month according to the latest report from Apartment List.
However Eugene rents are still down slightly by 0.5 percent year-over-year.
Median rents in Eugene stand at $824 for a one-bedroom apartment and $1,097 for a two-bedroom.
Corvallis rent trends were flat over the past month
Corvallis rents have remained flat over the past month, however, they have increased slightly by 1.0 percent year-over-year.
Median rents in Corvallis are $833 for a one-bedroom apartment and $1,045 for a two-bedroom.
Salem halts rent decline over the past month
Salem rents have remained steady over the past month, but are down significantly by 2.2 percent year-over-year.
Rents in Salem stand at $813 for a one-bedroom apartment and $1,069 for a two-bedroom.
Portland Rents Continue Decline During Pandemic
