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Apartments in 97086

1 - 18 of 18 Results
34
Overlook Pointe Apartments Apartment for rent in Happy Valley, OR
$1,575 - 1,625
Overlook Pointe Apartments
11408 SE 90th Ave Happy Valley, OR
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
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In Unit Laundry
24
3D Tour
Riverwalk at Happy Valley Apartment for rent in Happy Valley, OR
$1,434 - 3,958
Riverwalk at Happy Valley
8640 SE Causey Ave Happy Valley, OR
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
16
Mt. Scott Commons Apartment for rent in Happy Valley, OR
$1,440 - 1,700
Mt. Scott Commons
11299 SE Stevens Rd Happy Valley, OR
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Pool
34
Scouter's Mountain Apartment for rent in Happy Valley, OR
$1,715 - 2,342
Scouter's Mountain
Deal
11386 SE Pleasant Valley Pkwy Happy Valley, OR
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
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17
Altamont Summit Apartment Homes Apartment for rent in Happy Valley, OR
$1,719 - 4,402
Altamont Summit Apartment Homes
Deal
9701 SE Johnson Creek Blvd Happy Valley, OR
1 - 2 BR | Available Now
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Dog Friendly
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1
Beautiful Three Bedroom Townhome In Happy Valley - End Unit! Apartment for rent in Happy Valley, OR
$2,749
Beautiful Three Bedroom Townhome In Happy Valley - End Unit!
12827 SE 155th Ave Happy Valley, OR
3 BR | Available Now
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Dog Friendly
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12
10193 SE Bristol Park Ter Apartment for rent in Happy Valley, OR
$3,495
10193 SE Bristol Park Ter
Happy Valley, OR
3 BR | Available Now
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28
8726 SE 137th Ave Apartment for rent in Happy Valley, OR
$3,875
8726 SE 137th Ave
Happy Valley, OR
4 BR | Available Now
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Dishwasher
1
Updated Luxury 4 Bedroom Home On Mount Scott! Apartment for rent in Happy Valley, OR
$3,699
Updated Luxury 4 Bedroom Home On Mount Scott!
11774 SE Lincoln Heights St Happy Valley, OR
4 BR | Available Now
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1
4 Bed, 3 Bath Home In Happy Valley With Primary Bedroom On Main Floor Apartment for rent in Happy Valley, OR
$3,295
4 Bed, 3 Bath Home In Happy Valley With Primary Bedroom On Main Floor
13630 SE Portland View Pl Happy Valley, OR
4 BR | Aug. 15, 2025
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16
8645 SE 155th Ave Apartment for rent in Happy Valley, OR
$2,495
8645 SE 155th Ave
Happy Valley, OR
3 BR | Available Now
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Dog Friendly
Cat Friendly
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1
One Level Immaculate Condition Ranch -huge Fenced Backyard - Happy Valley! Apartment for rent in Happy Valley, OR
$3,400
One Level Immaculate Condition Ranch -huge Fenced Backyard - Happy Valley!
13064 SE 130th Ave Happy Valley, OR
3 BR | Aug. 10, 2025
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Dog Friendly
Cat Friendly
House
1
Townhome W/ Three Primary Bedrooms Next To Outstanding Green Space! Apartment for rent in Happy Valley, OR
$2,849
Townhome W/ Three Primary Bedrooms Next To Outstanding Green Space!
12031 SE High Creek Rd Unit A Happy Valley, OR
3 BR | Aug. 13, 2025
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1
Gorgeous Happy Valley 3+ Bed/2.5 Bath Mostly One-level Home Apartment for rent in Happy Valley, OR
$4,500
Gorgeous Happy Valley 3+ Bed/2.5 Bath Mostly One-level Home
12281 SE Bari Ave Happy Valley, OR
3 BR | Available Now
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House
12
Steve Creek Apartments Apartment for rent in Happy Valley, OR
$1,270 - 1,955
Steve Creek Apartments
11430 Se Stevens Rd Happy Valley, OR
Studio - 3 BR | Available Now
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Dog Friendly
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Luxury
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In Unit Laundry
16
Town Center Heights Apartment for rent in Happy Valley, OR
$1,825 - 1,865
Town Center Heights
Deal
11545 SE Stevens Rd Happy Valley, OR
2 BR | Available Now
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Luxury
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20
Acadia Gardens Apartment for rent in Happy Valley, OR
Call for Pricing
Acadia Gardens
8370 Southeast Causey Avenue Happy Valley, OR
Studio | Ask for Availability
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Income Restricted
Air Conditioning
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10
Terrace At Mount Scott Apartments Apartment for rent in Happy Valley, OR
Call for Pricing
Terrace At Mount Scott Apartments
10125 Southeast Bob Schumacher Road Happy Valley, OR
2 - 3 BR | Ask for Availability
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Income Restricted
Section 8
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1 - 18 of 18 Results
  1. Home
  2. Portland Area Apartments
  3. Happy Valley
  4. 97086

How much does it cost to rent an apartment in 97086?

97086 apartments
Bed Type Average Rent Range
1BR $1,750 $1,340 - $2,010
2BR $1,760 $1,620 - $2,310
3BR $2,500 $1,880 - $4,450
4+BR $3,700 $3,300 - $3,880
Frequently Asked Questions

How many apartments are available in 97086 on Rentable.co?

Rentable.co has 18 apartments available for rent in 97086.

What is the average rent for an apartment in 97086?

The average rent for an apartment in 97086 is around $1,770 per month.

What is the average rent for a two-bedroom apartment in 97086?

The average rent for a two-bedroom apartment in 97086 is around $1,763 per month.

What is the average rent for a one-bedroom apartment in 97086?

The average rent for a one-bedroom apartment in 97086 is around $1,745 per month.

Find an Apartment in 97086
Looking for apartments for rent in the 97086 zip code in Happy Valley, OR? Rentable has a variety of options available for you. Currently, there are 104 units available in this area. The average rent in 97086 is $1,770, and you can find 1-bedroom units starting at $1,342.

So if you're searching for apartments near 97086 in Happy Valley, OR, Rentable has the perfect options for you. Explore our listings and find the rental that suits your needs and preferences. Don't miss out on the opportunity to live in this desirable location surrounded by parks, points of interest, and all the amenities you desire.

Happy Valley:
July Rent Report

Welcome to the July 2025 Happy Valley Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2025 key findings and figures for the Happy Valley rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Happy Valley and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Happy Valley average rent prices in the chart below.

Monthly Rent Report

$2,750
$2,060
$1,380
$690
$0
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
1 BR       2 BR

Happy Valley Rent Prices Decrease From June to July

Happy Valley rent prices decreased over the last month. From June to July, the city experienced a -4.14% decrease for the price of a one-bedroom apartment. The rent price for a Happy Valley one-bedroom apartments currently stands at $1,804.0.

When we take a look at the two-bedroom comparison from June to July, Happy Valley experienced a -9.47% decrease for the price of a two-bedroom apartment. The rent price for a Happy Valley two-bedroom apartments currently stands at $2,228.0.

July Prices: Happy Valley vs. Surrounding Areas

Rent Prices in Happy Valley and Surrounding Areas

Rent prices have decreased in Happy Valley over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Happy Valley suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Happy Valley suburbs

  • Rents did not decrease in any of the Happy Valley suburbs.

July 2025 Pricing Trends: Happy Valley vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
$4,074
$3,214
$2,367
$2,295
$1,876
$1,370
$1,312
$1,250
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Happy Valley Rent Prices More Affordable Than Major Cities

Rent growth in Happy Valley over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Happy Valley average rent prices appear to be relatively affordable for local residents.

The price for a Happy Valley one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Happy Valley and surrounding area rent prices, take a look at the complete data set below.

Data set for Happy Valley and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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