Rents continued to rise across the country last year, according to a report from Rent Café, a nationwide apartment search website. The data shows that rent in Oregon cities is lower than the national average, but still climbing.
- Here is a sampling of rental rate changes in Oregon:
- Over the year, Portland rents saw an increase of 3.3% ($49) over the year.
- Salem rents rose by 4.6% ($47), averaging $1,067.
- Tualatin saw the biggest increase, with apartment prices rising 6.8% ($90).
- Happy Valley saw the lowest increase at 0.9% ($13).
- Lake Oswego prices remain the highest in Oregon, averaging $1,680 per month.
- Keizer continues its streak as the most affordable place for renters ($1,055).
The most-expensive apartment rentals in the state are found in Lake Oswego, where rent averages $1,680, with Hillsboro apartments averaging $1,567.
Keizer is the cheapest place to rent an apartment, with average rentals at $1,055.
Nationally, apartment rates dipped at the end of the year, showing a low rise of 3%, ($43), and 2020 started with an average $1,474 rental rate.
Find more information about national apartment rates in the 2019 Year-End Rent Report.
More information on Oregon rental rates can be found in the Oregon Rent Report – Year End 2019.
-- Piper McDaniel; amcdaniel@oregonian.com; 503-221-4307; @Piperamcdaniel
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