WebOregon now has rent control that limits rent increases for existing tenants. Rent cannot be increased during any 12-month period above the existing rent in an amount greater than 7% plus the consumer price index from the previous calendar year. ... Rental units located within the city limits of Portland are also subject to rent limitations ... WebApr 12, 2024 · Approximately 37% of Corvallis renters spend more than half their monthly income on rent. Available units at this complex adjacent to the Oregon State University campus rent for $1,250 for a one-bedroom apartment and $1,592 for a two-bedroom apartment. Moving in requires security deposits between $1,075 and $2,970.
Oregon Rent Increase Laws: What Is & Isn’t Legal
WebOct 10, 2024 · Two years after voters in Portland approved the city’s first rent control measure, residents are being asked to consider further changes, including a new limit on annual rent increases and ... WebMar 20, 2024 · Renewal rent growth there has been moderate recently, running below the national average. At the end of 2024, price growth for renewal leases reached 4.7%, well short of the 10.1% that would have been the cap if the rent controls had taken effect last year. Inflation ran 3.1% at the end of 2024. Renewal lease rent growth in Portland has ... fitch court wakefield ma
Portland voters to consider rent control changes, ban on renters ...
WebSep 25, 2024 · Rent increases will be capped at 9.9% through 2024, the first full year Oregon’s new rent control law will be in effect, state economists announced Wednesday. The Oregon Legislature this year ... WebMar 21, 2024 · Disclosure: Ashley Keenan lives in a Portland apartment covered by the current rent control ordinance. Last night, March 20 th, the City Council placed a referendum on the June ballot after a bloody session which left neither side satisfied.The citizen’s initiative, sponsored by a local landlord association, collected over 3,000 verified … WebApr 24, 2024 · In 2024, Portland passed rent control. In 2024, the Oregon state legislature added statewide caps on rent hikes and evictions. Now, a study shows Portland lost 14 percent of its single-family ... can grape juice turn into wine