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HUD calculates average rents each year. This is done in order to determine payment standards for federal housing assistance programs. In a recent report, HUD reports that Washington has the 16th highest rent in the country out of 56 states and territories. For fiscal year 2019, in the Seattle-Bellevue, metro area (King County) average rent for a studio or efficiency is $1,416 per month and $3,228 per month for a house or an apartment with 4 bedrooms.
Oregon has the 20th highest rent in the country out of 56 states and territories. Average rents for the Portland-Vancouver-Hillsboro metro area (Yamhill County) are $1,040 for a studio or efficiency and $2,327 per month for a house or an apartment with 4 bedrooms.
Data by city is available here: https://www.rentdata.org/states/washington/2019
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Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing.
