The Zumper Portland Metro Report analyzed active listings in December 2018 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 saw rent grow $10 to $1,360 but continue to rank as the priciest city.
–Happy Valley, OR followed closely behind as second with one bedrooms priced at $1,320.
–Lake Oswego, OR outpaced Hillsboro to rank in the top 3 markets with rent growing $50 to $1,290.
The Least Expensive
-Forest Grove, OR rent increased $20 to $1,020 but remained the most affordable in the metro.
–Tualatin, OR dropped 3 spots to rank as the second least expensive city with one bedrooms falling $30 to $1,100.
–Oregon City & Gresham, OR tied for third with rents both at $1,110.
Growth Rate
The Fastest Growing (Y/Y%)
–Hillsboro, OR had the fastest growing rent, up 15.5% since this time last year.
–Tigard, OR followed closely behind as second with rent climbing 15.3%.
–Forest Grove, OR was third with rent jumping 14.6%.
The Fastest Growing (M/M%)
–Gladstone, OR had the largest monthly rental growth rate, up 4.6%.
–Lake Oswego, OR saw rent climb 4% last month, making it the second fastest growing.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Portland | $1,360 | 0.70% | 2.30% | $1,650 | -0.60% | 5.80% |
| 2 | Happy Valley | $1,320 | 1.50% | 9.10% | $1,530 | 4.80% | 15.90% |
| 3 | Lake Oswego | $1,290 | 4.00% | 4.00% | $1,590 | -0.60% | 8.90% |
| 4 | Hillsboro | $1,270 | -1.60% | 15.50% | $1,630 | 0.60% | 15.60% |
| 5 | Wilsonville | $1,210 | 2.50% | 5.20% | $1,300 | 0.80% | 2.40% |
| 6 | Beaverton | $1,180 | -1.70% | 8.30% | $1,360 | 0.00% | 4.60% |
| 7 | Gladstone | $1,140 | 4.60% | -4.20% | $1,430 | -0.70% | 13.50% |
| 8 | Tigard | $1,130 | 0.00% | 15.30% | $1,310 | -3.70% | 11.00% |
| 9 | Milwaukie | $1,120 | 1.80% | 3.70% | $1,240 | -5.30% | -3.10% |
| 10 | Gresham | $1,110 | -0.90% | 6.70% | $1,230 | -3.10% | 8.80% |
| 10 | Oregon City | $1,110 | 0.00% | 13.30% | $1,370 | -0.70% | 7.00% |
| 12 | Tualatin | $1,100 | -2.70% | -6.80% | $1,300 | 4.80% | -3.70% |
| 13 | Forest Grove | $1,020 | 2.00% | 14.60% | $1,230 | 0.80% | 9.80% |
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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