Regional News

Report: Portland Rent Increases Highest In U.S.

(Portland, OR)  --  An online apartment marketplace says recent rent increases in Portland are the highest in the country.  ABODO.com says the average rent increase for an apartment in Portland was 14 percent between February and March.  ABODO.com VP Michael Taus told the "Portland Tribune" that young adults can't afford to buy a home and don't want the hassle of owning one, leading to more demand for rentals and increases in price.  The report says the average rent for a one-bedroom apartment in Portland jumped from 11-hundred-43 dollars in February to 13-hundred-three dollars in March.

On Air Now

KBND Morning News
KBND Morning News
6:00am - 9:00am
KBND Morning News

FlashAlert

KBND ON FACEBOOK

News Disclaimers