Scott Mountain
7828 SE Aspen Summit Dr,
Portland, OR 97266
1-3 Beds | $1,688 - $3,385
Rental Market Trends in Happy Valley, OR
What is the average rent in Happy Valley, OR?
$1,666/month
Average Rent
701 Sq Ft
Average Apartment Size
-0.7%
Decrease in the Last Year
As of July 2025, the average rent in Happy Valley, OR is $1,666 per month. For comparison, the national average rent price in the US is currently $1,635/month, which means Happy Valley rent prices are 2% higher than the national average. When you rent an apartment in Happy Valley, you can expect to pay about $1,495 per month for a studio, $1,666 for a one-bedroom apartment, and around $1,986 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,386 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 Happy Valley, OR?
In the past year, rent has decreased by 0.7%, which averages out to $11 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Happy Valley, OR
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
7%
$1,001 - $1,500/month
60%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Happy Valley?
Based on current rent prices, Pleasant Valley Golf Estates, Boyer Meadows and Rock Creek are the most affordable neighborhoods in Happy Valley.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Happy Valley?
Based on current rent prices, West Mt Scott, Rock Creek and Boyer Meadows are the most expensive neighborhoods in Happy Valley.
Neighborhood
Average Rent
Average Sq Ft
Which Happy Valley neighborhoods have the most rentals available?
The neighborhoods in Happy Valley with the most apartments available are West Mt Scott, Rock Creek and Boyer Meadows .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Happy Valley, OR?
Because the average rent in Happy Valley is $1,666, you’ll want to make about $5,553 per month or $66,636 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 Happy Valley, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Happy Valley, 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.
Studio
-
-
One Bedroom
-
$1,796/month
Two Bedroom
-
$2,172/month
Three Bedroom
-
$1,451/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.