The Zumper Portland Metro Report analyzed active listings in November 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 $1,066.
Cities Ranked By Rent
The Most Expensive
–Portland, OR outpaced Hillsboro to become the most expensive city in the metro with rent at $1,350.
–Happy Valley, OR rent moved up 2 spots to rank as the second priciest with growing $40 to $1,300.
–Hillsboro, OR fell to third with rent falling $70 to $1,290.
The Least Expensive
–Forest Grove, OR rent grew $10 to reach an even $1,000 but remained the most affordable in the metro.
–Gladstone, OR was second with rent at $1,090.
–Milwaukie, OR ranked as third with rent growing $10 to $1,100.
Growth Rate
The Fastest Growing (Y/Y%)
–Oregon City, OR had the largest year over year rental growth rate, up 15.6%.
–Tigard, OR saw rent climb 15.3% since this time last year, making it second.
–Hillsboro, OR was third with rent jumping 15.2%.
The Fastest Growing (M/M%)
–Gladstone, OR rent was the only city in the metro with a significant monthly growth rate, up 4.8%.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Portland | $1,350 | 0.00% | 1.50% | $1,660 | 1.20% | 7.80% |
| 2 | Happy Valley | $1,300 | 3.20% | 3.20% | $1,460 | -1.40% | 5.00% |
| 3 | Hillsboro | $1,290 | -5.10% | 15.20% | $1,620 | 1.30% | 15.70% |
| 4 | Lake Oswego | $1,240 | -4.60% | -5.30% | $1,600 | -2% | 14% |
| 5 | Beaverton | $1,200 | -2.40% | 12.10% | $1,360 | -1% | 3% |
| 6 | Wilsonville | $1,180 | -3.30% | 0.90% | $1,290 | -4% | -4% |
| 7 | Tigard | $1,130 | -1.70% | 15.30% | $1,360 | 5% | 13% |
| 7 | Tualatin | $1,130 | -4.20% | -8.90% | $1,240 | -5% | -13% |
| 9 | Gresham | $1,120 | 0.00% | 7.70% | $1,270 | -2% | 11% |
| 10 | Oregon City | $1,110 | 1.80% | 15.60% | $1,380 | -1% | 11% |
| 11 | Milwaukie | $1,100 | 1.90% | 0.90% | $1,310 | 3% | 5% |
| 12 | Gladstone | $1,090 | 4.80% | -12.80% | $1,440 | 4% | 8% |
| 13 | Forest Grove | $1,000 | 1.00% | 11.10% | $1,220 | -3% | 3% |
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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