Average Rent in Corvallis, OR↑ Rents rising 4.6% YoY🔺 4th priciest in OR

Corvallis, OR has rental prices ranging from $1,200/month to $2,490/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,279/month — 9% below the national average of $1,400/month. With a median household income of $76,011/year, spending $1,279/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Corvallis Compares

With an average 2-bedroom rent of $1,643/month, Corvallis ranks #4 most expensive of the 31 cities tracked in Oregon — pricier than 95% of all US cities in our data.

The Corvallis Rental Market

The Corvallis, OR area has a population of about 96,359 and 44% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Corvallis, OR have risen by $73/month (4.6%) over the past year, from $1,570 to $1,643. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Corvallis, OR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $51,160. The local median household income of $76,011 exceeds that threshold by $24,851, making Corvallis relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Corvallis, OR is $566,252, giving a price-to-rent ratio of 28.7. With a break-even horizon of approximately 29 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Corvallis's neighborhoods. Among the highest-value areas are Tunison ($261,160 median home value), South Corvalis ($441,768 median home value), Chintimini ($444,637 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Corvallis, OR Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Corvallis?

Break-even analysis and mortgage estimates based on local market data.

Living in Corvallis

Cost of living, job market, crime rates, and moving cost estimates.