Per SB 608 (2019)
, the Oregon Office of Economic Analysis is responsible for calculating and publishing, by September 30 of each year, the maximum annual rent increase percentage allowed by statute (ORS 90.323
or ORS 90.600
) for the following calendar year. Per SB 608, OEA calculates this amount as 7% plus the Consumer Price Index for All Urban Consumers, West Region (All Items), as most recently published by the Bureau of Labor Statistics.
Maximum annual rent increase, 2023
The allowable rent increase percentage for the 2023 calendar year is 14.6%. The allowable rent increase percentage for the previous year, 2022, was 9.9%. Click the yellow box below for more detailed information.
OEA will publish the maximum annual rent increase for 2024 by Sept. 30, 2023. That exact calculation will be the percent change from the CPI average for the September 2022 to August 2023 time period (most recent year), compared to the September 2021 to August 2022 time period (previous year), plus 7%.