Rent Tracker
Rent Inflation in Corvallis, OR
The average asking rent in Corvallis, OR is $1,767/month as of 2026-08. That is +2.1% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,767/mo
as of 2026-08
Year-over-Year Change
+2.1%
24-Month Rent Trend
Monthly ZORI index values for Corvallis, OR.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,767 | +0.45% |
| 2026-07 | $1,759 | -0.17% |
| 2026-06 | $1,762 | +0.57% |
| 2026-05 | $1,752 | -0.68% |
| 2026-04 | $1,764 | +0.23% |
| 2026-03 | $1,760 | -0.85% |
| 2026-02 | $1,775 | +1.95% |
| 2026-01 | $1,741 | +0.69% |
| 2025-12 | $1,729 | +0.88% |
| 2025-11 | $1,714 | -1.10% |
| 2025-10 | $1,733 | -0.06% |
| 2025-09 | $1,734 | +0.23% |
| 2025-08 | $1,730 | +0.70% |
| 2025-07 | $1,718 | +0.17% |
| 2025-06 | $1,715 | +0.65% |
| 2025-05 | $1,704 | +0.83% |
| 2025-04 | $1,690 | +0.66% |
| 2025-03 | $1,679 | +0.48% |
| 2025-02 | $1,671 | -0.18% |
| 2025-01 | $1,674 | +0.00% |
| 2024-12 | $1,674 | -0.71% |
| 2024-11 | $1,686 | -0.65% |
| 2024-10 | $1,697 | +0.35% |
| 2024-09 | $1,691 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices