Rents Fell in Cities Post-Pandemic, but In the Burbs, Not so Much

ApartmentList has a new interactive chart available demonstrating rent trends for metro areas throughout the United States. While rents soared in early 2021, rents dropped by January of 2022 and increased again in September 2022.

Since November of 2022, rates have generally flattened, with current rent growth for Portland and Seattle reported as follows:

City        Rent Growth, City Core        Suburb Growth                Gap

Portland             1.7%                                22.8%                            21.1%

Seattle                2.0%                                19%                               17%

View all charts and search metro areas throughout the U.S. here

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com