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Houses for Rent in Happy Valley, OR

Showing 8 rentals in Happy Valley, then 12 more within 25 miles, nearest first.
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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 November 2026, Happy Valley's rental market is stable, with rentals spending about 26 days on the market, faster than in Oregon (28), and rents up 1.3% over the past year. Happy Valley's average rent is 16.7% ($308) higher than the Oregon average of $1,843 and 5.6% ($115) higher than the U.S. average of $2,036.

Average Rent
$2,151
Monthly ChangeMonth Over Month Change
Decreased0.06% ($1)
Yearly ChangeYear Over Year Change
Increased1.3% ($28)
Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,468 Increased0.39% ($6) Increased2.1% ($30)
2 Beds $1,920 Decreased0.20% ($4) Increased0.6% ($11)
3 Beds $2,924 Decreased0.08% ($2) Decreased1.8% ($53)
Nearby Cities Average Rent Avg. Rent vs. Happy ValleyAverage Rent vs. Happy Valley Days on Market
Clackamas $2,007 Decreased6.7% ($144) 27 days
Damascus $2,374 Increased10.4% ($223) 27 days
Gladstone $1,820 Decreased15.4% ($331) 27 days
Gresham $1,820 Decreased15.4% ($331) 30 days
Oregon City $2,003 Decreased6.9% ($148) 26 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 $2,151 per month.
In Happy Valley, the average rent is about $1,468 per month for a 1-bedroom house, about $1,920 for a 2-bedroom house and about $2,924 for a 3-bedroom house.
The average rent in Happy Valley is 5.6% ($115) higher than the national average of $2,036 per month.
The rental market in Happy Valley, OR is currently stable, with rentals spending about 26 days on the market, faster than in Oregon (28), and rents up 1.3% over the past year.
Based on the current averages, a household would need an annual income of about $76,800 to comfortably afford a 2-bedroom house in Happy Valley.
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