Portland Rents Up for Sixth Straight Month

ApartmentList.com’s August 2022 Rent Report shows Portland rents increased 1.6% over the past month, and the annual growth rate hit 7.2%.

While this marks the sixth straight month of growth for the city, the annual rate lags behind the state and national averages of 10.7% and 12.3%. 

Though Portland’s median two-bedroom rent of $1,512 is above the national average of $1,358, the report notes that the city is still considered affordable compared to many other large cities nationwide, including San Francisco, where the median rent for a two-bedroom apartment is $2,659 — more than one-and-a-half times the price in Portland.

Read the full report at ApartmentList.com