Stevens Creek Apartments
11430 SE Stevens Rd,
Happy Valley, OR 97086
Studio - 3 Beds | $1,485 - $2,600
Rental Market Trends in Happy Valley, OR
What is the average rent in Happy Valley, OR?
$1,664/month
Average Rent
709 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
Happy Valley, OR Rental Market Overview
The average rent in Happy Valley, OR is $1,664 per month. For comparison, the national average rent price in the US is currently $1,661/month, which means Happy Valley rent prices are 0% higher than the national average.
- Studio apartments in Happy Valley average $1,490 per month.
- One-bedroom apartments in Happy Valley average $1,664 per month.
- Two-bedroom apartments in Happy Valley average $2,031 per month.
- Three-bedroom apartments in Happy Valley average $2,326 or more per month.
Data Updated: July 1, 2026
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 increased by 1%, which averages out to $17 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 July 2026
Legend
2025
2026
Rent Ranges in Happy Valley, OR
Last Updated July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
6%
$1,001 - $1,500/month
56%
$1,501 - $2,000/month
38%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Happy Valley?
Based on current rent prices, West Mt Scott 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, Rock Creek and West Mt Scott" 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 Rock Creek and West Mt Scott" .
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 $1,664, you’ll want to make about $5,546 per month or $66,552 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
-
$1,311/month
One Bedroom
$1,680/month
$1,682/month
Two Bedroom
$2,102/month
$2,070/month
Three Bedroom
$1,470/month
$2,399/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Happy Valley?
The average rent in Happy Valley is $1,664 per month, which is 0.2% higher than the national average of $1,661.
What is the average rent for a house in Happy Valley?
The average rent for a house in Happy Valley, OR is $3,052 per month.
Are rents going up or down in Happy Valley?
Rents in Happy Valley, OR are increasing, with prices up 1.0% year-over-year and $17 more per month.
What rent range is most common in Happy Valley?
In Happy Valley, OR, 56% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.