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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

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As of October 2026, Happy Valley's rental market is competitive, with rentals spending about 27 days on the market, faster than in Oregon (32), and rents up 1.7% over the past year. Happy Valley's average rent is 19.7% ($372) higher than the Oregon average of $1,885 and 8.4% ($175) higher than the U.S. average of $2,082.

Average Rent
$2,257
Monthly ChangeMonth Over Month Change
Increased0.08% ($2)
Yearly ChangeYear Over Year Change
Increased1.7% ($38)
Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,626 Increased0.28% ($5) Increased1.4% ($23)
2 Beds $1,934 Decreased0.25% ($5) Increased1.9% ($36)
3 Beds $2,882 Increased0.12% ($3) Decreased1.8% ($51)
Nearby Cities Average Rent Avg. Rent vs. Happy ValleyAverage Rent vs. Happy Valley Days on Market
Clackamas $2,148 Decreased4.8% ($109) 32 days
Damascus $2,442 Increased8.2% ($185) 30 days
Gladstone $1,821 Decreased19.3% ($436) 30 days
Gresham $1,824 Decreased19.2% ($433) 32 days
Oregon City $2,072 Decreased8.2% ($185) 27 days
Based on rentals advertised on RentalSource in and around Happy Valley.
Frequently Asked Questions
Happy Valley Rental Market FAQs

Explore rental prices, market conditions, and affordability in Happy Valley, OR.

The average rent in Happy Valley, OR is about $2,257 per month.
In Happy Valley, the average rent is about $1,626 per month for a 1-bedroom house, about $1,934 for a 2-bedroom house and about $2,882 for a 3-bedroom house.
The average rent in Happy Valley is 8.4% ($175) higher than the national average of $2,082 per month.
The rental market in Happy Valley, OR is currently competitive, with rentals spending about 27 days on the market, faster than in Oregon (32), and rents up 1.7% over the past year.
Based on the current averages, a household would need an annual income of about $77,400 to comfortably afford a 2-bedroom house in Happy Valley.
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