Rents are 5% below what Corvallis's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,775 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Corvallis usually run 1.5% below trend in December and 1.4% above it in August, about $51 a month apart at today's median. Based on 9 years of data.
Rent in Corvallis is 1.1% below its high of $1,795 in February 2026, at $1,775 as of September 2026.
Rent in Corvallis changed +1.9% over the year to September 2026. Across the 54 Oregon cities Zillow tracks, the typical change was +1.9%.
From 2019 to 2024, rent in Corvallis rose 41.5% while median household income rose 22.8% ($52,942 to $65,012). Rent outpaced income.
Rent in Corvallis is 44% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($65,012) is $1,625 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,290); a 2-bedroom is $1,655.
Monmouth, 15 miles away, rents for 11% less ($1,579/mo), about $2,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Corvallis. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Corvallis, OR is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 61.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Corvallis, OR has changed in 5 years
Compared with 2021, rent in Corvallis, OR has climbed by $511 per month, settling near $1,775 after starting the period at $1,264. Household income in the area moved from $58,315 to $65,012 across the same window, up 11.5% versus 2021. Rent outpaced income growth by roughly 28.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Reading these numbers side by side helps frame whether current listings in Corvallis, OR look reasonable against where the market sat half a decade ago.
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Can you afford rent in Corvallis on your salary?
At $1,775/mo, how Corvallis rent compares to typical pay (30% rule).
Corvallis rent by bedroom count
Median rent for each apartment size in Corvallis. Click any size for full breakdown.
Tips for renters in Corvallis
Last updated: October 17, 2026
The median rent in Corvallis is $1,775/mo as of October 2026. A studio apartment averages $1,205/mo while a 2-bedroom runs $1,655/mo. One-bedroom apartments average $1,290/mo and 3-bedroom units go for $2,315/mo.
At 33% of local median household income ($65,012/yr), Corvallis ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.
Frequently asked questions
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How does Corvallis rent compare to other cities in Oregon?
At $1,775/mo, rent takes ~33% of Corvallis's median household income ($65,012/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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