Portland Asking Rents Slightly Above National Average

Portland’s multifamily sector showed steady improvement in 2022, according to the early autumn report for Portland released by Yardi Matrix  

Overall asking rent in the Portland metro increased to $1,759, slightly above the $1,718 nationwide rate. On an annual basis, rates in Portland were up 9.9%. Lake Oswego (11.3% annual growth to $2,436 per month) and the Pearl District (3% annual growth to $2,121 per month) remained the most expensive areas.

For the first time since 2010, Portland’s population decreased, Yardi reports. The metro lost 4,618 residents in 2021.

However, the findings include some good news for the city's housing crisis: Portland developers added 3,335 units through August, with 9,967 units underway — including 26.7% fully affordable properties — and another 28,500 in the planning and permitting stages. 

Visit YardiMatrix.com to download the full report.