Houses for Rent in Happy Valley, OR

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What to Know About

Life in Happy Valley & Beyond

Happy Valley shares many of the great qualities that make Oregon a desirable place to live.

Oregon is where stunning landscapes meet majestic mountains. Immerse yourself in the state's rich history and heritage by visiting the Oregon Museum of Science and Industry, the Portland Art Museum, and the Oregon Historical Society. Or further your education at top-ranked universities like the University of Oregon and Oregon State University. Oregon's diverse and growing economy, driven by technology, agriculture, and tourism, offers ample employment opportunities.

The state offers a rich landscape for outdoor enthusiasts, from skiing in the Cascade Mountains and hiking the Columbia River Gorge to exploring the rugged Oregon Coast. Sports fans can also cheer for the Portland Trail Blazers (NBA) or take in a game at Autzen Stadium or Moda Center. Discover famous attractions like the International Rose Test Garden, Powell's City of Books, and the breathtaking Crater Lake National Park. And remember to take in the spectacular views of the Oregon Coast, which stretches for 363 miles along the Pacific Ocean.

With its scenic natural wonders, vibrant culture, and endless opportunities for adventure, Oregon is the perfect place to call home.

Rental Market Trends

Happy Valley, OR

As of July 2025, Happy Valley's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Happy Valley's average rent is 46.3% ($767) higher than the Oregon average of $1,656 and 36.5% ($648) higher than the U.S. average of $1,775.

Average Rent
$2,423
Monthly ChangeMonth Over Month Change
Increased45% ($752)
Yearly ChangeYear Over Year Change
Decreased9.5% ($253)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,555 Increased4.4% ($66) Decreased12.5% ($223)
2 Beds $1,750 Increased2.2% ($37) Decreased17.2% ($364)
3 Beds $2,649 Increased3.3% ($85) Decreased8.8% ($257)
Nearby Cities Average Rent Avg. Rent vs. Happy ValleyAverage Rent vs. Happy Valley Avg. Days on MarketAverage Days on Market
Clackamas $2,490 Increased2.8% ($67) 30 days
Gladstone $1,725 Decreased28.8% ($698) 30 days
Gresham $1,520 Decreased37.3% ($903) 28 days
Oregon City $2,174 Decreased10.3% ($249) 34 days
Portland $1,446 Decreased40.3% ($977) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Happy Valley Rental Market FAQs

Explore rental prices, market trends, and availability in Happy Valley, OR.

The average rent in Happy Valley, OR is $2,423 per month.
Houses in Happy Valley typically rent for between $1,089 and $3,444 per month, with an average of $2,423 per month.
In Happy Valley, the average rent for a 1-bedroom house is $1,555 per month, for a 2-bedroom house, $1,750 per month, and a 3-bedroom house is $2,649 per month.
The average rent in Happy Valley is 36.5% ($648) higher than the national average of $1,775 per month.
The average rent in Happy Valley has increased by 45.0% ($752) in the last month and decreased by 9.5% ($253) over the past year.
The rental market in Happy Valley, OR, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Happy Valley, OR, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 18 rental properties available in Happy Valley, OR.
Based on the current averages, a household would need an annual income of $70,000 to comfortably afford a 2-bedroom house in Happy Valley.
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