The Zumper Portland Metro Report analyzed over 5,700 active listings in February across the 10 metro cities to show the most and least expensive cities and cities with the fastest growing rents.
Cities Ranked By Rent
Most Expensive
– Portland, OR was the priciest city to rent in the metro area. One bedroom median rent was priced at $1,360, down 2.9% since last month.
– Hillsboro, OR was the second most expensive city with one bedroom apartments priced at $1,330.
– Tualatin, OR came in as the third most expensive city at $1,210.
Least Expensive
– Tigard, OR was the most affordable city to rent in the metro area. Rent for one bedroom units were $950.
– Gresham, OR followed closely behind at $990, making it the second most affordable city in the metro.
– Milwaukie, OR came in third with one bedroom median rent at $1,100.
Yearly Growth Rate
Fastest Growing
– Gresham, OR had the fastest growing rents, up 15% since this time last year.
– Happy Valley, OR rents were the second fastest growing, jumping 13.1%.
– Beaverton, OR prices were up 4.7% compared to 12 months ago.
Full Data
| One Bedroom | Two Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Columbia | $1,390 | -2.10% | 3.70% | $1,630 | 5.20% | 3.80% |
| 2 | Annapolis | $1,380 | 1.50% | -10.40% | $1,630 | 3.20% | -6.30% |
| 3 | Owings Mills | $1,320 | 2.30% | 8.20% | $1,480 | 1.40% | 5.70% |
| 4 | Towson | $1,260 | -2.30% | -6.70% | $1,510 | 4.90% | -4.40% |
| 5 | Baltimore | $1,150 | 4.50% | -14.80% | $1,320 | 2.30% | -7.70% |
| 6 | Glen Burnie | $1,110 | 0.90% | 5.70% | $1,300 | -0.80% | -1.50% |
| 7 | Pikesville | $1,090 | 1.90% | -6.00% | $1,380 | -4.80% | -4.80% |
| 8 | Aberdeen | $970 | 5.40% | 7.80% | $1,250 | 5.00% | 14.70% |
| 9 | Arbutus | $880 | -5.40% | 3.50% | $1,500 | 4.90% | 15.40% |
| 10 | Dundalk | $830 | 5.10% | 10.70% | $1,200 | 4.30% | 15.40% |
| 11 | Brooklyn Park | $710 | -5.30% | -9.00% | $1,000 | -4.80% | 14.90% |
About
The Zumper Portland Metro Report analyzed over 5,700 listings that hit the market in February 2017. Listings are aggregated by city to calculate median asking rents.
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