59 Cheap Apartments for rent in Hillsboro, OR

Last updated September 26 at 12:12PM
101 NE Brookwood Pkwy
Brookwood
Hillsboro, OR
Updated September 26 at 1:33AM
2 Bedrooms
$1,295
6134 Ne Copper Beech Drive
Northeast Hillsboro
Hillsboro, OR
Updated September 20 at 4:12AM
1 Bedroom
$1,129
221 SE 12th Ave
Central Hillsboro
Hillsboro, OR
Updated September 26 at 1:39AM
1 Bedroom
$925
Results within 1 miles of Hillsboro, OR
2800 SW 185th Ave
Cooper Mountain - Aloha North
Beaverton, OR
Updated September 26 at 3:12AM
3 Bedrooms
$1,270
19378 Nw Mahama Way
Sommerset West - Elmonica North
Portland, OR
Updated September 22 at 4:16AM
2 Bedrooms
$1,249
399 NW 215th Terrace
Sommerset West - Elmonica South
Beaverton, OR
Updated September 26 at 3:10AM
1 Bedroom
$1,225
Results within 5 miles of Hillsboro, OR
6064 Sw Valley Ave
Highland
Beaverton, OR
Updated September 22 at 4:17AM
2 Bedrooms
$1,129
15145 SW ALMONTE CT.
West Beaverton
Beaverton, OR
Updated September 26 at 3:49AM
2 Bedrooms
$1,295
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Rent Report
Hillsboro

September 2017 Hillsboro Rent Report

Welcome to the September 2017 Hillsboro Rent Report. Hillsboro rents increased over the past month. In this report, we'll evaluate trends in the Hillsboro rental market, including comparisons to similar cities nationwide.

Hillsboro rents increased slightly over the past month

Hillsboro rents have increased 0.3% over the past month, and are up moderately by 2.7% in comparison to the same time last year. Currently, median rents in Hillsboro stand at $1,730 for a one-bedroom apartment and $2,050 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in May. Hillsboro's year-over-year rent growth leads the state average of 2.6%, but trails the national average of 3.0%.

Many large cities nationwide show more affordable rents compared to Hillsboro

Rent growth in Hillsboro has been relatively stable over the past year - some other large cities have seen more substantial increases. Compared to most large cities across the country, Hillsboro is less affordable for renters.

  • Hillsboro's median two-bedroom rent of $2,050 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.7% increase in Hillsboro.
  • While rents in Hillsboro remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Las Vegas (+5.2%), and Los Angeles (+5.0%); note that median 2BR rents in these cities go for $1,710, $1,110, and $1,740 respectively.
  • Renters will generally find more expensive prices in Hillsboro than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Hillsboro is nearly twice 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.

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.