Apartments for Rent in Happy Valley, OR

Prices and availability in Happy Valley, OR were last updated on 5 Oct 2026.

The best apartments in Happy Valley, OR are: Sonder Fields Apartments, Altamont Summit Apartment Homes, Misty Ridge, The Post and Christilla Commons.

The average rent in Happy Valley, OR is $1,845.

The price range for a studio apartment in Happy Valley, OR is between $1,195 and $2,930.

The price range for a 1-bedroom apartment in Happy Valley, OR is between $1,326 and $3,915.

The price range for a 2-bedroom apartment in Happy Valley, OR is between $1,195 and $6,774.

The price range for a 3-bedroom apartment in Happy Valley, OR is between $1,245 and $4,070.

In Happy Valley, 21% of the residents are renting compared to 79% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 23% of Happy Valley's rentals, 60% are small-scale complexes with under 50 units, and 16% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Happy Valley are about 24 years old, on average. Of these, 42% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 98% of the rental communities here are low-rise, garden-style communities, 6% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Happy Valley come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 33% of the total apartments in the city, while 2-bedroom floorplans represent around 53% of all rentals in Happy Valley. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.