In 2025, Oregon landlords will be allowed to raise rents by up to 10%, which is important information for both landlords and tenants.
The Office of Economic Analysis, the state office that sets the maximum allowable rent increase, released the information last week.
Oregon’s rent cap law applies to market-rate houses and apartments at least 15 years old and not new construction. The law also doesn’t apply to landlords who provide reduced rent through a subsidy or a federal, state or local program.
In 2019, Oregon became the first state to pass this statewide rent control law as supporters sought to rein in rapidly escalating rents. The cap since then usually remained around 9% or 10% however it peaked in 2023 at 14.6% due in large part to inflation.
That lead lawmakers to cap the rate at 10%. Technically, the law is 7% plus the rate of inflation, or 10%, whichever is lower.
This cap is the same as it was for 2024, so hopefully no surprises here for those tracking this.
Check out other posts
