Portland-Area Rents Mostly Flat Month-over-Month, but Milwaukie Is Still Seeing Strong Growth

According to RentCafe’s October rent report, Portland area rents were mostly flat month-over-month, though they still outpaced nationwide averages. The national average was up 0.1% in October, reaching $1,476 per month. In the City of Portland, rents were up 0.5%. Milwaukie’s rent growth between September and October far outpaced the rest of the metro area, with an increase of 1.2%. Gresham and Tigard saw rents go up 0.6%. Outside of the Portland metro area, Springfield and Bend saw rent increases of 0.9%, while Albany rents increased by 0.7%. Read more.