Rising costs felt by renters in Oregon in wake of rent control bill
SPRINGFIELD, Ore. - Since passing Oregon's rent control bill this winter, families in Eugene and Springfield have been feeling the impact with rising costs.
The new law says landlords can't raise your rent more than 10.3 percent plus inflation.
According to real estate research company, Yardi Matrix, in the month of May, Springfield saw the fastest growing rent increase at 8.3 percent.
Renters in Springfield now have to pay $81 more per month than a year ago.
Tim Morris, the president of the Eugene Springfield Tenant Association says this peak will slowly stabilize in the coming months.
“Several landlords were raising their rents for their tenants 4 or 5 times a year and so now it's happening all in one lump sum,” said Morris. “So this percentage would have been a little lower in past years but we're just seeing it happen all at once now.”
Eugene also saw an increase but not as high as Springfield, coming out at just over four percent.
The data shows the most affordable places to rent in the state are in Woodburn, Salem, and Keizer.
