Vancouver rent hikes highest in nation in 2015; Portland fifth-highest
Apartment rents in Vancouver, Wash., shot up 16.7 percent in the past year the highest in the nation among communities tracked by Apartment List, a website that lists several hundred-thousand units for rent.
Portland had the nation's fifth-highest rent increases during the past year, rising 8.9 percent from December 2014 to December 2015, according to an Apartment List report issued Monday.
Only Vancouver, Reno, Colorado Springs, Colo., and San Jose, Calif., had faster-growing rents in 2015. Rents rose 11.3 percent in Reno, 9.7 percent in Colorado Springs and 9.1 percent in San Jose.
Two-bedroom apartments in Portland now rent for an average of $1,530, according to Apartment List, a fast-growing company based in San Francisco. Two-bedroom units in Vancouver, Wash. rent for an average of $1,100.
The average national rent increase in the last year was 3.6 percent for one-bedroom units and 2.6 percent for two-bedroom units, according to the report.
San Francisco had the highest rents in the nation in December, with two-bedroom units averaging $4,610.
Seattle had the eighth-highest rents in the nation, at $2,200.
To see the new report: bit.ly/1PJwY2A