113 Apartments under $1,300 for rent in Tualatin, OR
February 2020 Tualatin Rent Report
Welcome to the February 2020 Tualatin Rent Report. Tualatin rents increased over the past month. In this report, we'll evaluate trends in the Tualatin rental market, including comparisons to cities throughout the metro, state, and nation.
February 2020 Tualatin Rent Report
Welcome to the February 2020 Tualatin Rent Report. Tualatin rents increased over the past month. In this report, we'll evaluate trends in the Tualatin rental market, including comparisons to cities throughout the metro, state, and nation.
Tualatin rents increase sharply over the past month
Tualatin rents have increased 1.1% over the past month, but are down slightly by 0.1% in comparison to the same time last year. Currently, median rents in Tualatin stand at $1,618 for a one-bedroom apartment and $1,909 for a two-bedroom. Tualatin's year-over-year rent growth lags the state average of 1.2%, as well as the national average of 1.6%.
Rents rising across the Portland Metro
While rent prices have decreased in Tualatin over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in the Portland metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.
- Beaverton has seen the fastest rent growth in the metro, with a year-over-year increase of 3.4%. The median two-bedroom there costs $1,825, while one-bedrooms go for $1,547.
- Over the past year, Canby has seen the biggest rent drop in the metro, with a decline of 3.2%. Median two-bedrooms there cost $1,725, while one-bedrooms go for $1,462.
- Portland proper has the least expensive rents in the Portland metro, with a two-bedroom median of $1,324; rents remained steady over the past month.
- Hillsboro has the most expensive rents of the largest cities in the Portland metro, with a two-bedroom median of $2,050; rents decreased 0.3% over the past month but were up 2.0% over the past year.
Many large cities nationwide show more affordable rents compared to Tualatin
As rents have fallen slightly in Tualatin, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Tualatin is less affordable for renters.
- Oregon as a whole has logged 1.2% year-over-year growth, while rent trends across other cities throughout the state have varied. For example, rents have grown by 0.5% in Eugene whereas rents have fallen 1.3% in Salem.
- Tualatin's median two-bedroom rent of $1,909 is above the national average of $1,193. Nationwide, rents have grown by 1.6% over the past year compared to the 0.1% decline in Tualatin.
- While rents in Tualatin fell slightly over the past year, many cities nationwide saw increases, including Phoenix (+3.7%), Austin (+3.3%), and Las Vegas (+3.2%).
- Renters will generally find more expensive prices in Tualatin than most large cities. For example, Salem has a median 2BR rent of $1,063, where Tualatin 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.
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.