Rentometer, Inc. | Data as of 10/22/2025
Happy Valley, nestled in the foothills of Oregon’s vibrant metropolitan corridor, offers a blend of suburban tranquility and easy access to downtown Portland. Residents enjoy well‑maintained neighborhoods such as Cedar Creek and McKenzie Point, each featuring tree‑lined streets, community parks, and a strong sense of neighborhood identity. The city’s proximity to the Tualatin River, local wineries, and a growing selection of boutique eateries makes it a desirable destination for professionals, families, and retirees alike.
The rental market in Happy Valley reflects a diverse array of housing options. Apartment living ranges from cozy studios in the $1300s to spacious three‑bedroom units hovering around the $2450 mark, while one‑ and two‑bedroom apartments typically sit in the $1600‑$1700 and $2000 brackets respectively. For those seeking more space, three‑bedroom houses often exceed $3100, and larger four‑plus bedroom homes command rates in the $3700‑$3800 range. This variety accommodates everyone from young singles to growing families, with a strong mix of modern complexes and well‑kept single‑family homes.
Beyond housing, Happy Valley boasts excellent schools, extensive trail networks like the Red Tail Trail, and recreational hubs such as Happy Valley Park and the nearby Tualatin River National Wildlife Refuge. Convenient commuter routes, including the I‑5 corridor and public transit options, connect renters to employment centers while preserving a relaxed, community‑focused lifestyle. These amenities, combined with a welcoming atmosphere and a steady inventory of quality rentals, make Happy Valley a top choice for anyone seeking a balanced Oregon living experience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,366 | $1,450 | $1,195 - $1,490 | $1,210 - $1,485 |
| Apartment | 1 Bedroom | $1,713 | $1,695 | $1,283 - $2,375 | $1,621 - $1,725 |
| Apartment | 2 Bedroom | $2,017 | $1,995 | $1,535 - $2,625 | $1,910 - $2,135 |
| Apartment | 3 Bedroom | $2,471 | $2,422 | $1,767 - $3,195 | $2,240 - $2,675 |
| House | 3 Bedroom | $3,352 | $3,100 | $2,300 - $8,750 | $2,795 - $3,400 |
| House | 4+ Bedroom | $3,827 | $3,672 | $2,599 - $5,495 | $3,495 - $4,250 |
In the current period, the average rent in Happy Valley was $1,366 for Studio, $1,722 for 1 Bedroom, $2,017 for 2 Bedroom, $3,128 for 3 Bedroom, and $3,721 for 4+ Bedroom.
Data provided by Rentometer, Inc.