Rent control laws limit the amount a landlord can increase rents on existing tenants. Most states have laws that prohibit local governments from enacting rent control measures. But over 180 municipalities in the United States have rent control measures—and all of them are located in California, Maryland, New Jersey, New York, and Washington, D.C.
The state of Oregon has a statewide rent control law that limits annual rent increases to 7% plus the increase in the consumer price index.
In Oregon, statewide rent control is in effect, which is a departure from the more common situation where states prohibit local governments from implementing such measures. Oregon's law caps annual rent increases at 7% plus the change in the consumer price index (CPI). This law provides a framework for landlords on how much they can raise rents each year, offering tenants some predictability and protection from steep rent hikes. However, it's important to note that there are certain exemptions to this rule, such as new construction being exempt for the first 15 years, and the law does not apply to subsidized rents. Landlords must also provide proper notice before increasing rent, which is typically 90 days. This regulation aims to balance the interests of tenants in need of stable and affordable housing with the rights of property owners to earn a reasonable return on their investments.