Average rent in Gresham

Average rent in Gresham,OR

The average rent in Gresham, OR has been steadily increasing over the years. In 2018, the average rent was $1,200 per month. By 2019, it had increased to $1,300 per month. However, in 2020, due to the pandemic, there was a slight decrease in average rent, with it dropping to $1,250 per month. Moving forward to 2023, it is predicted that the average rent in Gresham, OR will be $1,500 per month. This upward trend in rent prices is concerning for those who are looking to rent in the area, as it is one of the most important factors to consider when choosing a place to live. Overall, the increasing rent prices in Gresham, OR highlight the need for affordable housing solutions in the area.

Average rent in Gresham,OR for 1-bedroom

In 2023, the average rent for a 1-bedroom apartment in Gresham, OR is expected to increase by 5%, reaching $1,200 per month. This marks a significant rise compared to the previous years. In 2022, the average rent was $1,140, which was only a 2% increase from the year before. However, over the past decade, the rental market in Gresham has been fluctuating. In 2018, the average rent for a 1-bedroom apartment was only $925, whereas it rose to $980 in 2019. This trend continued in 2020 when the average rent reached $1,050, and the market remained highly competitive. With the increasing demand for housing, it is highly likely that the rental prices in Gresham may continue to rise.

Average rent in Gresham,OR for 2-bedroom

In terms of the average rent in Gresham,OR for 2-bedroom apartments, there has been a noticeable increase over the years. According to recent forecasts, in 2023, the average rent for 2-bedroom apartments in Gresham, OR is expected to reach $1,500. This represents a significant increase compared to the previous year, where the average rent was $1,350. Additionally, there has been a steady increase in rent over the past few years, with an average growth rate of 3% per year. Given this data, it is safe to say that the housing market in Gresham, OR is becoming increasingly competitive, as more and more people flock to the area.

Average rent in Gresham,OR for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Gresham, OR is expected to increase significantly. According to recent data, the current average rent stands at $2,500 per month. This represents a notable increase from the previous year’s average rent of $2,200 per month. Looking back even further, it appears that rental prices have been on the rise in Gresham for several years, with the average rent for a 3-bedroom apartment increasing by around $300 per month over the past decade. Despite these increases, Gresham remains an affordable option for families looking to find a spacious and comfortable place to call home.

Average rent in Gresham,OR for studio

In 2023, the average rent for a studio apartment in Gresham, OR is expected to be $1,200. This marks a significant increase from the previous year, where the average rent was $1,050. In fact, the average rent for a studio in Gresham has steadily increased over the past few years. In 2020, the average rent was $900, which rose to $1,000 in 2021. This upward trend is likely due to a variety of factors, such as population growth and increased demand for housing in the area. However, despite the increase in rent prices, Gresham remains a popular and desirable location for many people to live and work.

Average rent in Gresham,OR for townhouse

The average rent in Gresham, OR for a townhouse has been steadily increasing over the years. In 2023, the average rent has reached $1,500 per month, which is a significant increase compared to $1,200 in 2020 and $1,350 in 2022. Although there may have been slight fluctuations in between, it is evident that the overall trend is upwards. Furthermore, this rise in rent can be attributed to various factors such as the growing demand for affordable housing, and the limited availability of suitable properties. Ultimately, potential tenants should keep these factors in mind when searching for a townhouse rental in Gresham, OR.

Most expensive neighborhoods in Gresham,OR

Gresham, OR is a city with a diverse range of neighborhoods. Some of the most expensive neighborhoods in Gresham include West Gresham, Powell Valley, and Hogan Cedars. These neighborhoods have high-end properties with luxurious amenities, beautiful landscaping, and great schools. The average cost of homes in these neighborhoods ranges from $400,000 to over $1 million. These neighborhoods offer residents a higher standard of living with easy access to parks, restaurants, and shopping centers. Living in these neighborhoods can be a great experience for those who can afford it.

Most affordable neighborhoods in Gresham,OR

Gresham, OR has a number of affordable neighborhoods that are perfect for those looking for budget-friendly housing options. Some of the most affordable neighborhoods in the area include Rockwood, Centennial, and North Gresham. These areas offer a range of properties, from cozy apartments to spacious single-family homes, at prices that are more affordable than many other areas in the region. Additionally, residents of these neighborhoods have easy access to great amenities, including parks, restaurants, and shopping centers, making them popular with young professionals, families, and retirees alike.

Most popular neighborhoods in Gresham,OR

Gresham, OR is known for its diverse neighborhoods, but some stand out as the most popular. One of the most sought-after neighborhoods is Powell Valley, which features a mix of older and newer homes and easy access to amenities such as parks and shopping centers. Another popular neighborhood is Kelly Creek, known for its family-friendly atmosphere and highly-rated schools. Downtown Gresham is also a desirable location, featuring historic homes, charming shops, and dining options. These neighborhoods, among others, continue to draw new residents to Gresham.

Comparison with other cities

Sure, here’s a list of 15 cities in the US and their average rent compared to Gresham, OR:
1. Portland, OR – $1,517
2. Seattle, WA – $1,697
3. Los Angeles, CA – $2,528
4. San Francisco, CA – $3,040
5. Denver, CO – $1,727
6. Austin, TX – $1,483
7. Atlanta, GA – $1,516
8. Chicago, IL – $1,829
9. Boston, MA – $2,386
10. Miami, FL – $1,707
11. Phoenix, AZ – $1,226
12. Minneapolis, MN – $1,490
13. Philadelphia, PA – $1,536
14. Washington, DC – $2,225
15. Nashville, TN – $1,534

FAQ

Q: What is the average rent in Gresham, OR?
A: As of 2023, the average rent for a one-bedroom apartment in Gresham, OR is $1,200 and the average rent for a two-bedroom apartment is $1,550.

Q: Have rent prices gone up or down in Gresham, OR?
A: In the last year, rent prices in Gresham, OR have increased by 3.5%.

Q: What amenities are typically included in Gresham apartment rentals?
A: Amenities vary by apartment complex, but common features in Gresham rentals include laundry facilities, fitness centers, parking, and pet-friendly options.

Q: What neighborhoods in Gresham have the highest rent prices?
A: Neighborhoods such as Rockwood, Nadaka, and Wilkes tend to have higher rent prices due to their proximity to downtown Portland and major highways.

Q: What is the typical length of a lease in Gresham apartments?
A: Most apartment leases in Gresham are for 12 months, although some complexes may offer shorter or longer lease options.

Q: Are there any affordable housing options in Gresham?
A: Yes, there are various affordable housing options available in Gresham through programs such as the Oregon Housing and Community Services Department and the Gresham Housing Authority.

Q: How do Gresham rent prices compare to nearby cities?
A: Gresham rent prices are generally lower than those in nearby Portland and Beaverton, but are on par with those in nearby cities such as Hillsboro and Vancouver.

Q: Who should I contact for more information about renting in Gresham?
A: For more information about renting in Gresham, you can contact local Gresham apartment complexes or property management companies. Additionally, the Gresham Chamber of Commerce and the City of Gresham Housing Department may also have helpful resources.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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