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Portland apartment rents starting to increase again after plummeting in 2020
Posted May 04, 2021
A sign advertises apartments for rent in North Portland. LC- Elliot Njus/The OregonianLC- Elliot Njus/The Oregonian
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The cost of renting an apartment in Portland plummeted in 2020 amid the coronavirus pandemic but has slowly started to creep back up over the last three months.
Portland apartment rents increased 1.8% from March to April, with median rents now sitting at $1,153 for a one-bedroom apartment and $1,344 for a two-bedroom apartment, according to online rental platform Apartment List. The rental platform uses listings on its website to compile rent data and says those listings skew toward units in larger multifamily buildings.