Portland rents have increased 0.3 percent over the past month, and have increased significantly by 4.7 percent in comparison to the same time last year, according to the latest report from Apartment List.
The report says median rents in Portland are $1,309 for a one-bedroom apartment and $1,528 for a two-bedroom.
This is the eighth straight month that the city has seen rent increases after a decline in January. Portland’s year-over-year rent growth lags the state average of 6.8 percent, as well as the national average of 7.5 percent.
Vancouver rents increased over the past month
Vancouver rents have increased 0.1 percent over the past month, and have increased sharply by 8.2 percent in comparison to the same time last year. Currently, median rents in Vancouver stand at $1,392 for a one-bedroom apartment and $1,604 for a two-bedroom.
Hillsboro rents decline sharply over the past month
Hillsboro rents have declined 1.2 percent over the past month, but are up sharply by 8.1 percent in comparison to the same time last year. Currently, median rents in Hillsboro stand at $1,831 for a one-bedroom apartment and $2,026 for a two-bedroom.
Beaverton rents also decline over the past month
Beaverton rents have declined 1.0 percent over the past month, but are still up by 12.5 percent in comparison to the same time last year. Currently, median rents in Beaverton stand at $1,605 for a one-bedroom apartment and $1,864 for a two-bedroom.
Eugene rents decline sharply over the past month
Eugene rents have declined 2.9 percent over the past month, but have increased by 7.1 percent year-over year. Currently, median rents in Eugene stand at $1,136 for a one-bedroom apartment and $1,564 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in July.
National Multifamily Rent Growth Hits A Wall In August
