Oak Vale Apartments
3930 NW Witham Hill Dr,
Corvallis, OR 97330
2 Beds | $1,650 - $2,127
Rental Market Trends in Corvallis, OR
What is the average rent in Corvallis, OR?
$1,184/month
Average Rent
529 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of December 2024, the average rent in Corvallis, OR is $1,184 per month. This is 24% lower than the national average rent of $1,560/month, making renting in Corvallis more affordable than most cities in the US. When you rent an apartment in Corvallis, you can expect to pay about $1,100 per month for a studio, $1,184 for a one-bedroom apartment, and around $1,574 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,038 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Corvallis, OR?
In the past year, rent has increased by 0.4%, which averages out to $5 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Corvallis, OR
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
31%
$700 - $1,000/month
37%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
5%
Above $2,000/month
What salary do I need to live comfortably in Corvallis, OR?
Because the average rent in Corvallis is $1,184, you’ll want to make about $3,946 per month or $47,352 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Corvallis, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Corvallis, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Property Management Companies in Corvallis, OR
Affinity Property Management
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61
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7,682
Units
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24
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3 Communities in Corvallis
Greystar
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3,191
Communities
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884,510
Units
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829
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2 Communities in Corvallis
Avenue5 Residential
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519
Communities
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113,965
Units
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199
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1 Community in Corvallis
Horizon Realty Advisors
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41
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9,638
Units
-
28
Cities
1 Community in Corvallis
Norris & Stevens, Inc.
-
39
Communities
-
3,999
Units
-
18
Cities
1 Community in Corvallis
Blanton Turner
-
29
Communities
-
4,182
Units
-
15
Cities
1 Community in Corvallis
Key Property Services Inc
-
25
Communities
-
2,571
Units
-
11
Cities
1 Community in Corvallis
SMI Property Management
-
18
Communities
-
1,253
Units
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11
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1 Community in Corvallis
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.