The Zumper Portland Metro Area Report analyzed active listings in November 2019 across 7 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Oregon one bedroom median rent was $1,097 last month.
The Most Expensive
–Portland was the most expensive city with one bedrooms priced at $1,430.
–Hillsboro rent grew 2.9% to $1,400 and ranked as the second priciest city.
–Lake Oswego was third with rent at $1,350.
The Least Expensive
–Salem ranked as the most affordable city with one bedrooms priced at $860.
–Gresham was second with rent at $1,110.
–Vancouver rent stayed flat at $1,220 and ranked as the third least expensive.
The Fastest Growing (Y/Y%)
–Vancouver and Lake Oswego tied for the city with the fastest growing rent, both up 8.9% since this time last year.
–Hillsboro saw rent climb 8.5%, making it the second fastest growing.
–Portland was third with rent jumping 5.9%.
The Fastest Growing (M/M%)
–Hillsboro had the largest monthly rental growth rate, up 2.9%.
–Salem rent jumped 1.2% last month, making it the second fastest growing.
About
The Zumper Portland Metro Area Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
Related content
