Oregon Rent Cap for 2021

Every year in September Oregon sets the rent cap for the following year. Senate Bill 608 (2019) tasked the Oregon Office of Economic Analysis to set and publish the Oregon rent cap which is based upon 7% plus Consumer Price Index (CPI). Earlier in the week, the Oregon Office of Economic Analysis at 9.2% for 2021. The rent increase cap does not apply to properties that are less than 15 years old. Otherwise, no landlord can increase rent more than 9.2% in any 12 month period in 2021.