Long-term Rental Rates — August 2026 · ZIPs: 97086,97089
Local market data by Estaite
As of August 2026, rental prices in Happy Valley, OR range from $1,442 to $3,770 per month depending on property type and bedroom count.
The largest year-over-year decline occurred in 1-bedroom apartments, where rents dropped by -13.64%.
Median rent for 3-bedroom single-family homes is $3,032, which exceeds both 3-bedroom condos/townhomes at $3,008 and 3-bedroom apartments at $2,906.
What is the overall range of rents in Happy Valley, OR as of August 2026?
In August 2026, Happy Valley, OR rents span from $1,442 for a 1-bedroom apartment up to $3,770 for a 4-bedroom condo/townhome.
Which property and bedroom type in Happy Valley, OR had the biggest annual rent decrease, and was the decline broad or targeted?
The largest year-over-year decrease in Happy Valley, OR was in 1-bedroom apartments, dropping -13.64%, and all apartment sizes experienced annual declines though less sharply for other bedroom counts.
What is the premium in rent between apartments and condos/townhomes for the same bedroom count in Happy Valley, OR?
In August 2026, 1-bedroom condos/townhomes rent for $1,919, a $477 premium over 1-bedroom apartments at $1,442; 2-bedroom condos/townhomes rent for $2,083, $188 higher than equivalent apartments at $1,895.
Which bedroom and property type offers the lowest rent in Happy Valley, OR?
The lowest rent is found in 1-bedroom apartments at $1,442 per month as of August 2026 in Happy Valley, OR.
Happy Valley, OR
August 2026
97086,97089
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,398 – $1,485
-12.38%
-13.64%
2-Bedroom
$1,834 – $1,956
-0.69%
-3.88%
3-Bedroom
$2,818 – $2,993
0.69%
-0.46%
4-Bedroom
$3,701 – $3,823
0.88%
-0.01%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,871 – $1,966
0.90%
-0.44%
2-Bedroom
$2,030 – $2,135
-0.95%
-2.19%
3-Bedroom
$2,897 – $3,119
-1.09%
-4.12%
4-Bedroom
$3,676 – $3,828
0.91%
0.23%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,932 – $2,072
-8.39%
-8.51%
2-Bedroom
$2,384 – $2,506
-0.53%
-1.45%
3-Bedroom
$2,941 – $3,123
1.24%
-0.32%
4-Bedroom
$3,404 – $3,651
-0.32%
-1.43%
Data updated: October 3, 2026
Happy Valley Rental Trends
In the Happy Valley (97086, 97089) rental market, 1-bedroom apartments declined to $1,442, a 13.64% decrease year-over-year. The segment also posted a 12.38% drop month-over-month, reflecting significant downward movement in smaller apartment units across recent periods.
Among larger homes, 3-bedroom single-family properties in Happy Valley (97086, 97089) saw median rents reach $3,032 with a 1.24% increase month-over-month. This segment contrasts with smaller unit declines, highlighting improved short-term performance for family-sized rentals.
The data reveals that Happy Valley (97086, 97089) rental trends favor 4-bedroom condos, which commanded $3,770 in median rent—outperforming 4-bedroom apartments by $10. Condos additionally managed a 0.91% MoM and 0.23% YoY gain, while apartments were nearly flat annually.