Happy Valley, OR Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Happy Valley is $1,883, a 1.38% decrease compared to the previous year, when the average rent was $1,910.
Studio Apartments at $1,396 offer the most budget-friendly option with 484 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 719 square feet for $1,640, balancing privacy and affordability.
Two-beedroom units at $1,939 offer 993 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,178 sq ft) for $2,307, suitable for larger households.
Average rent in Happy Valley, OR
Last updated: November 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,883 | 923 sq. ft. |
| Studio | $1,396 | 484 sq. ft. |
| 1 Bed | $1,640 | 719 sq. ft. |
| 2 Beds | $1,939 | 993 sq. ft. |
| 3 Beds | $2,307 | 1,178 sq. ft. |
Happy Valley, OR rent trends
Rental prices in Happy Valley, OR have decreased by 1.38% over the past year. The average rent moved from $1,910 to $1,883.
What's the typical rent budget in Happy Valley, OR?
The largest share of rentals in Happy Valley, OR (64%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Happy Valley, OR?
1,564 or 18% of the households in Happy Valley, OR are renter-occupied while 7,137 or 82% are owner-occupied.
How Happy Valley Compares to Other Cities
| City | Average Rent |
|---|---|
| Happy Valley | $1,883 |
| Portland | $1,731 |
| Salem | $1,473 |
| Hillsboro | $1,869 |
| Gresham | $1,641 |
| Eugene | $1,864 |
| Beaverton | $1,772 |
| Tigard | $1,724 |
| Bend | $1,928 |
| Lake Oswego | $2,097 |
| Oregon City | $1,782 |
| Vancouver, WA | $1,751 |
| Wilsonville, OR | $1,813 |
| Tualatin | $1,752 |
| Forest Grove, OR | $1,620 |
| West Linn | $2,172 |
| Cornelius, OR | $1,373 |
| Fairview, OR | $1,817 |
| Gladstone, OR | $1,706 |
| Sherwood, OR | $1,952 |
| Canby, OR | $1,626 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Happy Valley apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.