117 Luxury Apartments for rent in Beaverton, OR

Last updated January 20 at 2:51am UTC
16629 NW Avondale Dr.
Sommerset West - Elmonica North
Beaverton, OR
Updated January 18 at 8:07pm UTC
3 Bedrooms
$2,350
17525 NW Woodmere Ct.
Triple Creek
Beaverton, OR
Updated January 3 at 3:38pm UTC
3 Bedrooms
$1,895
11965 SW Sagehen Street
Neighbors Southwest
Beaverton, OR
Updated January 13 at 12:01pm UTC
3 Bedrooms
$1,895
702 NW Newstead Ter
Sommerset West - Elmonica South
Beaverton, OR
Updated January 3 at 3:50pm UTC
3 Bedrooms
$1,695
11945 SW Settler Way
Greenway
Beaverton, OR
Updated January 16 at 11:21am UTC
3 Bedrooms
$1,795
13705 SW Hazel St
Central Beaverton
Beaverton, OR
Updated January 18 at 2:47pm UTC
3 Bedrooms
$1,699
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January 2018 Beaverton Rent Report

Welcome to the January 2018 Beaverton Rent Report. Beaverton rents declined over the past month. In this report, we'll evaluate trends in the Beaverton rental market, including comparisons to cities throughout the state and nation.

View full Beaverton Rent Report
Rent Report
Beaverton

January 2018 Beaverton Rent Report

Welcome to the January 2018 Beaverton Rent Report. Beaverton rents declined over the past month. In this report, we'll evaluate trends in the Beaverton rental market, including comparisons to cities throughout the state and nation.

Beaverton rents declined over the past month

Beaverton rents have declined 0.6% over the past month, but have increased significantly by 4.2% in comparison to the same time last year. Currently, median rents in Beaverton stand at $1,470 for a one-bedroom apartment and $1,730 for a two-bedroom. This is the fourth straight month that the city has seen rent decreases after an increase in August. Beaverton's year-over-year rent growth leads the state average of 1.5%, as well as the national average of 2.8%.

Rents rising across cities in Oregon

Throughout the past year, rent increases have been occurring not just in the city of Beaverton, but across the entire state. Of the largest 10 cities that we have data for in Oregon, 9 of them have seen prices rise. The state as a whole logged rent growth of 1.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Hillsboro is the most expensive of all Oregon's major cities, with a median two-bedroom rent of $1,980; of the 10 largest cities in the state that we have data for, Portland, where a two-bedroom goes for $1,320, is the only major city to see rents fall year-over-year (-1.6%).
  • Salem, Vancouver, and Gresham have all experienced year-over-year growth above the state average (8.3%, 7.3%, and 6.9%, respectively).

Many large cities nationwide show more affordable rents compared to Beaverton

As rents have increased significantly in Beaverton, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Beaverton is less affordable for renters.

  • Beaverton's median two-bedroom rent of $1,730 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 4.2% increase in Beaverton.
  • While Beaverton's rents rose significantly over the past year, many cities nationwide also saw increases, including Las Vegas (+4.4%), Phoenix (+3.8%), and Los Angeles (+3.4%).
  • Renters will generally find more expensive prices in Beaverton than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Beaverton is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Portland $1,120 $1,320 -0.9% -1.6%
Vancouver $1,380 $1,620 0.0% 7.3%
Gresham $1,370 $1,620 0.5% 6.9%
Hillsboro $1,680 $1,980 -0.9% 1.3%
Beaverton $1,470 $1,730 -0.6% 4.2%
Lake Oswego $1,660 $1,960 -0.1% 2.9%
Tualatin $1,500 $1,770 -0.6% -0.5%
Wilsonville $1,420 $1,670 -1.2% 1.0%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.