Rental Housing Insanity: Portland rent hike fastest among U.S. metro areas - but Why?

Rent prices in the city have continued to rise and according to a recent study, Portland has seen the highest percentage increase in rent prices among all U.S. metro areas.

The study, conducted by Redfin, said rent prices in Portland have skyrocketed by 39% from the previous year — more than double the national average increase of 15% year over year.

Bob Whelan, a senior economist with EcoNorthwest, said there’s not enough apartments to fill the demand that’s out there, so rents are starting to go up fast.

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