How many apartments are available in Hermiston, OR on Rentable.co?
Rentable.co has over 196 apartments available in Hermiston.
Can I afford an apartment for rent in Hermiston, OR?
Based on average rent prices in Hermiston, to afford a three-bedroom apartment you would need an annual household income of $68,000 to live comfortably.
Welcome to the March 2024 Hermiston Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
March 2024 key findings and figures for the Hermiston rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Hermiston and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Hermiston average rent prices in the chart below.
Monthly Rent Report
$1,400
$1,050
$700
$350
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR2 BR
Hermiston Rent Prices Increase From February to March
Hermiston rent prices increased over the last month. From February to March, the city experienced a 9.94% increase for the price of a one-bedroom apartment. The rent price for a Hermiston one-bedroom apartments currently stands at $995.0.
When we take a look at the two-bedroom comparison from February to March, Hermiston experienced a -0.08% decrease for the price of a two-bedroom apartment. The rent price for a Hermiston two-bedroom apartments currently stands at $1,296.0.
March Prices: Hermiston vs. Surrounding Areas
Rent Prices in Hermiston and Surrounding Areas
Rent prices have increased in Hermiston over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Hermiston suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Hermiston suburbs
Rents did not decrease in any of the Hermiston suburbs.
March 2024 Pricing Trends: Hermiston vs. National Comparisons
New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent
Hermiston Rent Prices More Affordable Than Major Cities
Rent growth in Hermiston over the past year has been
on the rise. When compared to major cities nearby, along
with some of the most expensive cities in the country, Hermiston average rent prices appear to be
relatively affordable for local residents.
The price for a Hermiston one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Hermiston and surrounding area rent prices, take a look at the complete data set below.
Data set for Hermiston and suburbs
1 BR March
1 BR M/M % Change
2 BR March
2 BR M/M % Change
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.