Corvallis, Oregon Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Corvallis, Oregon rental market.
Corvallis, Oregon
Average Apartment Rent
$1,954
Y-o-Y Change in Average
Apartment Rent
6.6%
As of November 2024
Compared to a year ago, Corvallis, Oregon apartments have recorded a 6.6% rent increase.
Corvallis, Oregon Average apartment rent trend
Corvallis, Oregon Average Apartment Rent
Corvallis, Oregon Apartment rent ranges
At 47.72%, apartments priced $1,500 - $2,000 represent the bulk of Corvallis, Oregon rentals, while condos priced $700 - $1000 hold the lowest share of the market – 4.75%.
Corvallis, Oregon Housing tenure**
Renters take up 59% of Corvallis, Oregon real estate, occupying a total of 14,222 units, while homeowners live in 9,903 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$37,297
Average household size of renter-occupied housing units**
2.16
Rental vacancy rate**
4.6%
Corvallis, Oregon Renter-occupied housing units by no. of bedrooms**
There are 5,714 rentals in Corvallis, Oregon with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 480 units. Overall, the median number of rooms in Corvallis, Oregon homes for rent is 4.
Corvallis, Oregon Renter-occupied units by age of householder**
Most condos for rent in Corvallis, Oregon are occupied by residents in the 15 - 24 years age group (37%), followed by those in the 25 - 34 years age group (29%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Corvallis, Oregon Renter-occupied housing units by family type**
Corvallis, Oregon Renter-occupied housing units by the presence of own children**
A total of 3,718 apartments for rent in Corvallis, Oregon, or 26% of all rentals are family households. Additionally, 15% of rental homes include children under the age of 18 – that’s 2,118 units. All in all, the median size of a renter-occupied household in Corvallis, Oregon is 2.16.
Corvallis, Oregon Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Corvallis, Oregon.
Corvallis, Oregon Renter-occupied units by year structure built**
The highest share of Corvallis, Oregon apartment rentals, namely 21% or 3,025 units, were Built 1970 - 1979, followed by those Built 2000 - 2009 (15%, 2,149 units), and the ones Built 1990 - 1999 (14%, 1,945 units).
Corvallis, Oregon Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Corvallis, Oregon renters (47%) moved in 2018 to 2020, while only 5% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Corvallis, Oregon condos for rent is 2019.
Corvallis, Oregon Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Corvallis, Oregon renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 16% have No vehicle available.
Corvallis, Oregon Means of transportation to work of householders living in renter-occupied housing units**
Corvallis, Oregon Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Corvallis, Oregon apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
