The Zumper Portland Metro Report analyzed active listings in January 2019 across 13 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The state median one bedroom rent last month was $1,085.
Cities Ranked By Rent
The Most Expensive
–Portland, OR rent grew $10 to $1,370 but remained the priciest in the metro.
–Happy Valley, OR was second with one bedrooms priced at $1,330.
–Lake Oswego, OR saw rent drop $10 to $1,280 but continue to rank as the third most expensive city.
The Least Expensive
-Forest Grove, OR stayed as the most affordable city with rent at $1,020.
–Gresham, OR dropped one spot to rank as the second least expensive with rent falling $10 to $1,100.
–Oregon City, OR followed closely as third with rent at $1,110.
Growth Rate
The Fastest Growing (Y/Y%)
-Forest Grove, OR had the fastest growing rent, climbing 14.6% since this time last year.
–Oregon City & Wilsonville, OR rents tied for second, both up 14.4%.
–Hillsboro, OR rent jumped 13.4% since this time last year, making it third.
The Fastest Growing (M/M%)
–Milwaukie, OR rent had the largest monthly growth rate, up 5.4%.
–Gladstone, OR followed closely behind as second with rent jumping 5.3% last month.
–Wilsonville, OR ranked as third with rent growing 5%.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Portland | $1,370 | 0.70% | 3% | $1,700 | 3% | 6.30% |
| 2 | Happy Valley | $1,330 | 0.80% | 7% | $1,580 | 3% | 15.30% |
| 3 | Lake Oswego | $1,280 | -0.80% | 9% | $1,610 | 1% | 5.20% |
| 4 | Hillsboro | $1,270 | 0.00% | 13% | $1,630 | 0% | 11.60% |
| 4 | Wilsonville | $1,270 | 5.00% | 14.40% | $1,350 | 3.80% | 8.90% |
| 6 | Gladstone | $1,200 | 5.30% | -4.00% | $1,360 | -4.90% | 4.60% |
| 7 | Milwaukie | $1,180 | 5.40% | 8.30% | $1,250 | 0.80% | 0.00% |
| 8 | Beaverton | $1,170 | -0.80% | 9.30% | $1,370 | 0.70% | 5.40% |
| 9 | Tigard | $1,130 | 0.00% | 13.00% | $1,300 | -0.80% | 10.20% |
| 10 | Tualatin | $1,120 | 1.80% | -9.70% | $1,280 | -1.50% | 0.00% |
| 11 | Oregon City | $1,110 | 0.00% | 14.40% | $1,380 | 0.70% | 6.20% |
| 12 | Gresham | $1,100 | -0.90% | 10.00% | $1,270 | 3.30% | 10.40% |
| 13 | Forest Grove | $1,020 | 0.00% | 14.60% | $1,250 | 1.60% | 14.70% |
About
The Zumper Portland Metro Report analyzed active that hit the market last month. Listings are aggregated by city to calculate median asking rents.
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