Studio Apartments for Rent in Happy Valley, OR

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Starting at $1,485 Per Month
- Studio - 3 Beds
11430 SE Stevens Rd, Happy Valley, OR 97086

Enjoy a secluded, suburban setting with the vibe of an urban lifestyle. Stevens Creek offers brand new well-crafted studios, one, two, and three-bedroom apartments with modern interior finishes and top-notch amenities. Minutes away, enjoy a variety of food choices at the Happy Valley Station Food Carts, relax with friends at the Valley Growler Tap House, and frequent the Farmer’s market for

Stevens Creek Apartments

11430 SE Stevens Rd, Happy Valley, OR 97086
Explore Happy Valley
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Starting at $1,795 Per Month
- Studio - 3 Beds
13432 SE 169th Ave, Happy Valley, OR 97015

Find your new home, now! Discover our Happy Valley apartments at Heather Lodge near Portland, Oregon. This vibrant community in the Rock Creek neighborhood is close to delicious restaurants and all your favorite stores. Brimming with attractive amenities, modern interiors, and relaxing leisure areas, our Happy Valley apartments will make you feel like you belong. Take a closer look at everything

Heather Lodge Apartments

13432 SE 169th Ave, Happy Valley, OR 97015
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Starting at $1,195 Per Month
- Studio - 2 Beds
12930 SE 162nd Ave, Happy Valley, OR 97086

Experience the epitome of upscale living at Christilla Commons in Happy Valley. Our thoughtfully designed residences offer a variety of floor plans, including studios, one- and two-bedroom apartments, some with gas fireplaces and wet bars. Residents enjoy a rooftop deck with stunning views, a ground-floor plaza, secure parking, and modern amenities like quartz counter tops and stainless steel

Christilla Commons

12930 SE 162nd Ave, Happy Valley, OR 97086
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Starting at $1,285

Total Monthly Price
- Studio - 2 Beds
8800 SE Causey Loop, Happy Valley, OR 97086

Conveniently located in the heart of Clackamas County, Avana at Happy Valley apartments are across the street from Clackamas Town Center and within walking distance to the MAX Line, dining and entertainment. These stylish apartments for rent in Happy Valley, OR are a world away from the ordinary, featuring studio, one- and two- bedroom floor plans with exciting new interior upgrades including hip

Avana at Happy Valley

8800 SE Causey Loop, Happy Valley, OR 97086

Oregon Clackamas County

Why Live in Happy Valley

Happy Valley, OR, is a suburban city situated between Portland, Gresham, and Boring, with a population of 28,000 that has grown significantly in recent years. The city is characterized by new constructions, abundant green spaces, and organized community events. Residential areas feature new traditional homes and contemporary architecture, with single-family homes and three-bedroom townhouses being prevalent. Happy Valley boasts several parks, including Hidden Falls Nature Park with its scenic waterfall trail, Scouters Mountain Nature Park offering views of Mount Hood, and Happy Valley Park, which hosts various amenities and annual events like the Fourth of July Family Festival and holiday Tree Lighting Ceremony. The North Clackamas School District serves the city, with Clackamas High School being highly rated. The main business corridor, Southeast 82nd Street, is lined with retailers, restaurants, and fitness centers, while Clackamas Town Center provides extensive shopping and entertainment options. Happy Valley Station features nearly 20 food carts, and the Happy Valley Farmers Market operates from May through October. Commuters can access Portland via Interstate 205 or Oregon state Route 212, with the TriMet MAX Green Line offering additional connectivity. The city experiences a temperate climate with rainy seasons from October through May.

Learn more about living in Happy Valley

Frequently Asked Questions

How much does it cost to rent a home in Happy Valley, OR?

The median rent for a home in Happy Valley, OR is $3,195 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Happy Valley, OR?

To comfortably afford the median rent in Happy Valley, OR, a household needs to earn roughly $127,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,195 per month in Happy Valley, OR, renters typically need to show $9,585 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Happy Valley, OR?

In Happy Valley, OR, the price-to-rent ratio is 17.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Happy Valley, OR are best for renting a home?

The best neighborhood for renting in Happy Valley, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Hazelwood and Sellwood, each with its own character and price range.

Rental Trends in Happy Valley, OR

There are currently 4 homes available for rent in Happy Valley, OR. The median rent is $3,195 per month, with single-family homes renting at $3,200, townhouses at $3,195 and condos at $2,050.

Rental Home Trends

Number of Homes for Rent 4	Median Rent $3,195
Median Single Family Home Rent $3,200	Median Townhouse Rent $3,195
Median Condo Rent $2,050

How to Rent a Home

Rentals in Happy Valley

Homes for Rent by Bedrooms in Happy Valley

Rentals by Price in Happy Valley

More About Living in Happy Valley

Homes for Rent in Nearby Neighborhoods

Homes for Rent in Nearby Cities

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