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 August 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 31.1% ($516) higher than the Oregon average of $1,659 and 21.5% ($385) higher than the U.S. average of $1,790.

Average Rent
$2,175
Monthly ChangeMonth Over Month Change
Decreased10.2% ($248)
Yearly ChangeYear Over Year Change
Decreased18.8% ($503)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,741 Increased12% ($186) Decreased1.9% ($33)
2 Beds $2,080 Increased18.9% ($330) Decreased1.4% ($29)
3 Beds $2,723 Increased2.8% ($74) Decreased4.8% ($136)
Nearby Cities Average Rent Avg. Rent vs. Happy ValleyAverage Rent vs. Happy Valley Avg. Days on MarketAverage Days on Market
Gladstone $1,705 Decreased21.6% ($470) 30 days
Gresham $1,542 Decreased29.1% ($633) 28 days
Oregon City $2,153 Decreased1% ($22) 34 days
Portland $1,464 Decreased32.7% ($711) 33 days
Fairview $1,729 Decreased20.5% ($446) 36 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 $2,175 per month.
Houses in Happy Valley typically rent for between $1,219 and $3,540 per month, with an average of $2,175 per month.
In Happy Valley, the average rent for a 1-bedroom house is $1,741 per month, for a 2-bedroom house, $2,080 per month, and a 3-bedroom house is $2,723 per month.
The average rent in Happy Valley is 21.5% ($385) higher than the national average of $1,790 per month.
The average rent in Happy Valley has decreased by 10.2% ($248) in the last month and decreased by 18.8% ($503) 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 16 rental properties available in Happy Valley, OR.
Based on the current averages, a household would need an annual income of $83,200 to comfortably afford a 2-bedroom house in Happy Valley.
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