Rents are 14% 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 $1,731 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: August 17, 2026
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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 $334 per month, settling near $1,731 after starting the period at $1,397. 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 12.4 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.
Discussions about Corvallis
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Can you afford rent in Corvallis on your salary?
At $1,731/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: August 17, 2026
The median rent in Corvallis is $1,731/mo as of August 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 32% of local median household income ($65,012/yr), Corvallis ranks as moderate compared to the national benchmark of 30%. Rents have decreased 11.6% over the past year.
Frequently asked questions
Is Corvallis an affordable city for renters?
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Which Corvallis neighborhoods have the lowest rent?
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What percentage of Corvallis residents rent vs. own?
How does Corvallis rent compare to the national average?
At $1,731/mo, rent takes ~32% of Corvallis's median household income ($65,012/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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