Portland rents have declined sharply by 1.6 percent over the past month, and have decreased by 6.5 percent year-over-year, according to the latest report from Apartment List. This is the eighth straight month the city has seen rent decreases. Median rents in Portland are now $1,126 for a one-bedroom apartment and $1,313 for a two-bedroom.
While Portland rents decline, rents continue to grow In Salem
Salem rents have increased 0.9 percent over the past month, and have increased moderately by 3.8 percent in comparison to the same time last year. Currently, median rents in Salem stand at $882 for a one-bedroom apartment and $1,150 for a two-bedroom.
Other notable areas in Portland suburbs, Beaverton and Hillsboro are holding while Gresham sees gains
Want to know what your rental might rent for? We invite you to request our detailed free Rent Market Analysis
Info credited to Apartment List