Homes & Apartments for Rent in 97086

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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 June 2026, 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 30.9% ($489) higher than the Oregon average of $1,580 and 15.1% ($272) higher than the U.S. average of $1,797.

Average Rent
$2,069
Monthly ChangeMonth Over Month Change
Decreased6.2% ($137)
Yearly ChangeYear Over Year Change
Increased23.8% ($398)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,362 Decreased15% ($240) Decreased8.5% ($127)
2 Beds $1,756 Decreased7.6% ($145) Increased2.5% ($43)
3 Beds $2,687 Decreased4.4% ($125) Increased4.8% ($123)
Nearby Cities Average Rent Avg. Rent vs. Happy ValleyAverage Rent vs. Happy Valley Avg. Days on MarketAverage Days on Market
Clackamas $2,524 Increased22% ($455) 30 days
Gladstone $1,536 Decreased25.8% ($533) 30 days
Gresham $1,490 Decreased28% ($579) 28 days
Oregon City $1,579 Decreased23.7% ($490) 34 days
Portland $1,467 Decreased29.1% ($602) 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 $2,069 per month.
Homes in Happy Valley typically rent for between $953 and $3,493 per month, with an average of $2,069 per month.
In Happy Valley, the average rent for a 1-bedroom home is $1,362 per month, for a 2-bedroom home, $1,756 per month, and a 3-bedroom home is $2,687 per month.
The average rent in Happy Valley is 15.1% ($272) higher than the national average of $1,797 per month.
The average rent in Happy Valley has decreased by 6.2% ($137) in the last month and increased by 23.8% ($398) 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 19 rental properties available in Happy Valley, OR.
Based on the current averages, a household would need an annual income of $70,240 to comfortably afford a 2-bedroom home in Happy Valley.
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