The Zumper Portland Metro Report analyzed over 8,000 active listings in April across 13 metro cities to show the most and least expensive cities and cities with the fastest growing rents.
Cities Ranked By Rent
Most Expensive
– Hillsboro, OR outpaced Portland this month to become the most expensive city to rent in the metro. The price of one bedroom units here grew $10 to $1,370.
– Portland, Oregon rent dropped $20, to $1,340, this month and one spot to rank as the second priciest city.
– Gladstone & Lake Oswego, OR were tied for the third most expensive city with rents at $1,250.
Least Expensive
– Oregon City, OR was the least expensive city to rent. The median price for one bedroom units was $960.
– Tigard, OR, just $30 more than Oregon City, was the second least expensive city. Rent here was $990.
– Gresham, OR was the third most affordable city with median rent at $1,010.
Growth Rate
Fastest Growing (Y/Y%)
– Gladstone, OR had the largest yearly growth rate, up 14.7%.
– Milwaukie, OR was close behind with rent climbing 14.4% since this time last year.
– Happy Valley, OR rent was the third fastest growing, climbing 13.2% compared to last year.
Fastest Growing (M/M%)
– Oregon City, OR had the fastest growing rent since last month, up 5.5%.
– Happy Valley, OR followed closely behind with a 5.3% monthly growth rate.
– Lake Oswego & Tigard, OR rents tied for third fastest growing, both climbing 4.2% since last month.
Full Data
| One Bedroom | Two Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Broomfield | $1,430 | -0.70% | 3.60% | $1,730 | 2.40% | 1.20% |
| 2 | Centennial | $1,350 | 3.80% | 5.50% | $1,760 | 2.30% | -4.90% |
| 3 | Parker | $1,360 | 4.60% | 14.30% | $1,630 | 4.50% | 2.50% |
| 4 | Lakewood | $1,290 | 3.20% | 12.20% | $1,440 | 5.10% | 6.70% |
| 5 | Denver | $1,270 | 1.60% | 4.10% | $1,710 | 0.60% | -1.20% |
| 6 | Castle Rock | $1,240 | 3.30% | 8.80% | $1,440 | 5.10% | -2.70% |
| 7 | Westminster | $1,230 | 4.20% | 3.40% | $1,400 | -2.10% | 2.20% |
| 8 | Littleton | $1,210 | 5.20% | 4.30% | $1,640 | 5.10% | 3.10% |
| 9 | Northglenn | $1,080 | 4.90% | 0.90% | $1,360 | 0.00% | 9.70% |
| 10 | Thornton | $1,060 | 5.00% | -10.90% | $1,260 | -0.80% | -7.40% |
| 11 | Arvada | $1,000 | -4.80% | 2.00% | $1,400 | 5.30% | 9.40% |
| 11 | Aurora | $1,000 | 1.00% | 8.70% | $1,360 | 0.00% | 7.90% |
About
The Zumper Portland Metro Report analyzed over 8,000 listings that hit the market in April 2017. Listings are aggregated by city to calculate median asking rents.
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