The Zumper Portland Metro Report analyzed active listings in July 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 $1,067.
Cities Ranked By Rent
The Most Expensive
–Portland & Lake Oswego, OR tied for the most expensive city with rents both at $1,470.
–Hillsboro, OR remained second with one bedrooms priced at $1,430.
–Happy Valley, OR was third with rent at $1,340.
The Least Expensive
–Forest Grove, OR saw rent drop $30 to $880 but remained the most affordable in the metro.
–Gresham, OR dropped 2 spots to become the second least expensive with rent at $1,040.
–Oregon City, OR followed closely behind as third with one bedrooms priced at $1,050.
Growth Rate
The Fastest Growing (Y/Y%)
–Hillsboro, OR rent was the fastest growing, up 15.3% since this time last year.
–Lake Oswego, OR had the second largest year over year rental growth rate, climbing 14%.
–Oregon City, OR was third with rent growing 10.5%.
The Fastest Growing (M/M%)
–Lake Oswego & Oregon City, OR tied for first with prices both at 5%.
–Milwaukie, OR rent was the second fastest growing last month, up 4.7%.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Lake Oswego | $1,470 | 5.00% | 14.00% | $1,780 | 4.70% | 14.10% |
| 1 | Portland | $1,470 | 0.70% | 8.90% | $1,730 | -3.40% | 8.80% |
| 3 | Hillsboro | $1,430 | 2.10% | 15.30% | $1,750 | 1.70% | 14.40% |
| 4 | Happy Valley | $1,340 | 3.10% | 8.10% | $1,520 | 0.00% | 9.40% |
| 5 | Beaverton | $1,250 | 3.30% | 6.80% | $1,370 | -2.10% | 3.00% |
| 6 | Wilsonville | $1,220 | 2.50% | 0.00% | $1,340 | -1.50% | -5.00% |
| 7 | Tualatin | $1,180 | -4.10% | -4.80% | $1,380 | 0.00% | 3.00% |
| 8 | Milwaukie | $1,110 | 4.70% | 1.80% | $1,300 | 0.00% | -0.80% |
| 9 | Tigard | $1,070 | 1.90% | 7.00% | $1,260 | -0.80% | 6.80% |
| 10 | Gladstone | $1,060 | -5.40% | -15.20% | $1,320 | -0.80% | -2.90% |
| 11 | Oregon City | $1,050 | 5.00% | 10.50% | $1,360 | 4.60% | 7.10% |
| 12 | Gresham | $1,040 | -1.90% | 2.00% | $1,180 | -1.70% | 2.60% |
| 13 | Forest Grove | $880 | -3.30% | -6.40% | $1,100 | -2.70% | -0.90% |
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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