Report: Portland rents 20th highest in country
Although Portland rents dipped slightly last year, they were still the 20th highest in the country in January, according to a new monthly report released Tuesday by the rental tracking firm Zumper.
The price of one bedroom units remained flat at $1,330, while two bedrooms grew 1.3 percent to $1,560. On a year over year basis, two bedroom rent is down nearly 5 percent, however, according to the Zumper National Rent Report: January 2018.
The report includes an interactive map that shows the most expensive neighborhoods for one-bedroom rents are Pearl ($1,900), Arlington Heights ($1,870), and Hillside ($1,750).
The next priciest areas, ranging between $1,500 to $1,600, include Old Town/Chinatown, Hayden Island, and South Portland or Corbet Terwilliger Lair Hill.
Much more affordable rentals for less than $1,000 could be found in Mill Park, Parkrose Heights, and West Portland Park.
The report also says the faster growing rents were in the University Park and Bridlemile neighborhoods, which were both up around 14 percent. The Reed and Brooklyn Action Corps neighborhoods saw some of the biggest rent dips, down over 15 percent.
According to the report, the five most expensive one-bedroom rental markets are San Francisco ($3,400), New York ($2,870), San Jose ($2,460), Washington DC ($2,340) and Los Angeles ($2,300).