Rental market snapshot for Northwest, Portland
Northwest rental market summary
The rental market in Northwest, Oregon is showing signs of growth. In July 2023, there were 617 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,596, a 3.4% decrease from the previous month, but an 11.1% increase from the same time last year. This indicates that the rental market is continuing to grow, with more people looking for rental properties in the area.
Overall, the rental market in Northwest, Oregon is showing signs of improvement. With more listings and an increase in median rent, it is clear that the rental market is becoming more attractive to potential renters. This is good news for landlords and property owners, as it indicates that the rental market is becoming more competitive and profitable. With more people looking for rental properties in the area, landlords can expect to see higher returns on their investments.
Median rent for all residential properties in Northwest
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The most expensive listings and top trending buildings in Northwest
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1510 SW Alder St | $7,575 | 2 / 2.0 |
| 294 NW Macleay Blvd | $6,500 | 4 / 3.5 |
| 2332 NW Johnson St | $5,875 | 4 / 4.5 |
| 1510 SW Alder St | $5,575 | 2 / 2.0 |
| 1719 NW Irving St | $4,750 | 4 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Holland Partner Group | $2,878 |
| Prometheus Real Estate Group Inc.* | $2,412 |
| Wood Partners | $1,946 |
| Zillow Rental Network | $1,928 |
| The Wolff Company | $1,911 |
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Bedroom Breakdown in Northwest
Northwest neighborhood apartments rents
The rental market for studios in Northwest, Oregon is showing signs of improvement in July 2023. There are 75 new studio listings, and the median rent has decreased by 7.7% from June 2023 to July 2023, from $1,358 to $1,253. This indicates that the rental market is becoming more affordable for those looking for studio apartments in the area.
The rental market for 1-bedroom apartments in Northwest, Oregon is showing signs of growth. In July 2023, there were 105 new 1-bedroom listings, a 3.9% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $1,729, indicating that the rental market is becoming more affordable. This is good news for renters looking for an affordable place to live in Northwest, Oregon.
The rental market for 2-bedroom apartments in Northwest, Oregon is showing signs of growth. In July 2023, there were 50 new 2-bedroom listings, which is a 6.5% increase from the median rent in June 2023. The median rent for 2-bedroom apartments in July 2023 was $2,750, which is a slight decrease from the median rent in June 2023. This indicates that the rental market is becoming more competitive, with more options available for renters.