Apartment List Report: Rents in Flux in Portland Metro, Increase in Eugene and Salem

Apartment List has released a report indicating that Portland rents declined by 1.6 percent over the past month, and 6.5 percent year-over-year, the eighth straight month of rent decreases. Portland’s rent drop has not been nearly as severe as in San Francisco, Boston, and Los Angeles. 

Despite these metro-wide decreases, many outlying suburban areas have had rents rebound to pre-pandemic levels. For example, the report indicates that rents in Beaverton, Hillsboro have remained relatively flat year-over-year while rents in Gresham have increased by 2.4 percent.  

The report indicates that rents in Eugene are up 3.4 percent year over year while Salem rents have increased by 3.8 percent.