Happy Valley renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Happy Valley, OR map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Happy Valley is about $1,847 per month. This puts it in the 98th percentile compared to the state average cost of rent, which is $1,355. Households in Happy Valley have a median income of $8,968 per month so the average renter in Happy Valley is spending roughly 21% of their earnings on housing.

Nationally, and in Happy Valley, home values are the data point most closely correlated with the cost of rent. The median price of a home in Happy Valley is $559,720 right now, which is higher than cities nearby, meaning that rents in Happy Valley also tend to be higher versus these nearby cities.

Higher rent prices are common in the eastern parts of Happy Valley while lower rent rates are often available in western areas.

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