Rents in Portland increased 0.6% month-over-month, and are down by 7.1% year-over-year.
For comparison, year-over-year rent growth in Portland was 1.4% at this time last year.
Median rents in Portland currently stand at $1121 for a 1-bedroom apartment and $1308 for a two-bedroom.
Apartmentlist.com February Rent Report: National AND Portland Rents Recovering
Apartmentlist.com’s latest rent report is out, they are reporting that rents are recovering post COVID across the country, with Portland rebounding slightly at a 0.6% month-over-month increase. The national rate is 0.7% month-over-month increase.
Here are some of this month’s specific to Portland, Oregon: