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Studio Apartment for Rent in Happy Valley, OR

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    Starting at $1,229

    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

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.

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 $2,795 per month, though prices vary by neighborhood, size, and property type. As of June 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 $111,800 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 $2,795 per month in Happy Valley, OR, renters typically need to show $8,385 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 20.1, 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.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,795
Median Single Family Home Rent
$2,895
Median Townhouse Rent
$2,795
Median Condo Rent
$1,810
How to Rent a Home