By the Numbers: 2020 and the Pandemic’s Effect on Portland Rents

Apartment List reported that rents in Portland declined 7.4% since the start of the pandemic, with downtown and Northwest Portland seeing the steepest declines while suburbs are less affected. 

Cities around the country have suffered significant rent declines since the onset of the pandemic. Rent in San Francisco has declined 27%–the sharpest decline in the country, according to Apartment List. The company also reports that rents are down 22% in Seattle, 21% in Boston, and 20% in New York City, according to the company.