Rent in Corvallis, OR at a glance
2-bedroom rent (HUD)
$1,824$21,888 a year · HUD fiscal year 2026From October 1, 2026: $1,857 (+1.8%)How much rent can you afford in Corvallis, OR?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Corvallis, OR by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,350 | $16,200 | $54,000 | $25.96/hr |
| 1 bedroom | $1,451 | $17,412 | $58,040 | $27.90/hr |
| 2 bedroomsMost searched | $1,824 | $21,888 | $72,960 | $35.08/hr |
| 3 bedrooms | $2,537 | $30,444 | $101,480 | $48.79/hr |
| 4 bedrooms | $2,862 | $34,344 | $114,480 | $55.04/hr |
Cost of living in Corvallis, OR: income, prices and a budget →
Living and working in Corvallis, OR
Rent in Corvallis, OR: common questions
How much is rent going up in Corvallis, OR in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,857 for a two-bedroom, up 1.8% from $1,824. A one-bedroom goes from $1,451 to $1,487, a studio from $1,350 to $1,365.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Corvallis, OR?
HUD's Fair Market Rent for 2026 is $1,451 for a one-bedroom and $1,824 for a two-bedroom, utilities included. That is $21,888 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Corvallis, OR?
To keep a $1,824 two-bedroom at 30% of gross pay, one full-time worker needs $35.08 an hour, or $72,960 a year. A one-bedroom at $1,451 takes $27.90 an hour.
How much is a 1, 2 or 3-bedroom apartment in Corvallis, OR?
At HUD's 2026 Fair Market Rent: studio $1,350, one bedroom $1,451, two $1,824, three $2,537 and four $2,862 a month.
Is rent affordable in Corvallis, OR?
For the typical household, earning $65,012 a year ($5,418 a month, Census ACS), a two-bedroom at $1,824 takes 33.7% of income. Under 30% is the usual line for affordable; this is over it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,824 × 12) ÷ 0.30 = $72,960. Divided by 2,080 working hours, that is $35.08 an hour.