SALEM, Ore — Renter advocates in Oregon are sounding the alarm over a potential spike in evictions, following the state’s increase in the rent cap for next year.
On Tuesday, state economists shared that the most landlords can raise rent for Oregon renters in 2023 is up to 14.6% – the highest since the rule was established in 2019.
According to the law, landlords cannot increase the rent more than seven percent, plus the consumer price index (CPI), commonly known as inflation, for the west region from the previous year.
The CPI over the past twelve months was 7.6% – bringing the max increase to 14.6%. The rate is a nearly 5% jump from the 2022 rate of 9.9%.
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