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Portland market rental trends report

Relocity Updated on April 27, 2026

Rental Trends

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Rental rates in Portland have remained flat to slightly declining over the past 3–6 months, with modest month-to-month softening and roughly 0–3% annual decreases observed across multiple datasets. This trend has been driven by increased rental supply, rising vacancy rates, and affordability pressures that are limiting landlords’ ability to push rents higher, along with typical seasonal slowdowns in leasing activity. The current median rent in the Portland metro area is approximately $1,849 per month.

Beaverton

Over the past 3–6 months in Beaverton, rental prices have shown modest stabilization with slight softening or minimal month‑to‑month movement, rather than strong growth, indicating rents are largely flat to slightly down in recent months. This reflects the winter and early‑spring leasing period where demand typically eases and landlords adjust expectations accordingly, with some data showing only minor changes compared to earlier in the year. These changes have been driven by increased inventory and seasonal cooling in renter demand, which have given renters more options and reduced upward pricing pressure, combined with broader affordability concerns that make it harder for landlords to push rents higher. The current median rent across all unit types in the Beaverton region is approximately $1,659 per month.

Hillsboro

Over the past 3–6 months in Hillsboro, rent prices have generally flattened to modestly softening, with average rents showing small month‑to‑month declines while remaining relatively stable overall compared with earlier in 2025. Apartment market trend data indicates that Hillsboro’s average rents are down slightly year‑over‑year, reflecting a mild cooling of rental pricing. This moderation in rent growth has been driven by growing supply in the Portland metro rental market and seasonal leasing patterns that typically slow activity in winter and early spring, as well as broader affordability pressures that temper landlord pricing power. The current median rent in the Hillsboro region is approximately $1,788 per month.