Find out what’s happening in the Portland rental market for early April 2025.
Hi everyone, Coty Thurman here from Living Room Property Management, bringing you a quick update on the single-family rental market in the Portland Metro region.
Are Rents Going Up?
Yes. Zillow’s March 2025 report shows national rents are up 3.5% from last year, averaging just over $2,005. At Living Room, we average $2,435 across our portfolio, and we leased homes in the first three months of the year for 4.6% more than what the previous tenants paid.
Is It A Renter’s Market?
No, not really. Homes are leasing in under 12 days. While one or two properties may sit longer, most renters are feeling real pressure—many are applying as soon as the 72-hour rental hold period opens. This competition will stick around until more inventory is added.
Seasonal Rental Trends
It’s officially the season of air conditioning—homes without efficient cooling are facing bigger concessions, and charm alone isn’t cutting it anymore.
More and more tenants who can afford to move away from multifamily are opting out of shared walls. They’re tired of recurring neighbor issues. With current tenant protection laws, it can take months for a property manager to resolve disruptions, and great tenants aren’t willing to wait that long for peace.
Looking Ahead
Demand for quality single-family rentals is strong, and it’s only growing. To keep up—and to ease pressure on both renters and the market—we need more single-family inventory.
While many investors are backing out of Multnomah County due to red tape, renter demand remains high. We help property owners stay in the game with smart, stress-free management that keeps homes full and well cared for.
Thinking about renting out your property but don’t want the hassle? Living Room Property Management takes care of everything—tenant placement, maintenance, and protecting your investment—so you don’t have to.
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