Logo Corvallis Fair Market Rent FY 2021 Corvallis, OR MSA Rental Data

Fair Market Rent Prices in Corvallis, OR :
$932 $1,031 $1,217 $1,742 $2,107
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Corvallis are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Corvallis is $1,217 per month.

The previous year, rent for a two-bedroom home was $1,177 per month. This is a 3.4% increase year-over-year.

This FMR rate applies to Blodgett, OR, Alsea, OR, Monroe, OR, Philomath, OR, Monmouth, OR, Junction City, OR, Albany, OR, Corvallis, OR and other cities within the region. The Metro Code or CBSA code for this region is METRO18700M18700.

Additionally, This Fair Market Rent (FMR) area Corvallis, OR MSA spans one county or city in Oregon which is listed in the table below. Estimated population of Corvallis, OR MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Oregon, the Corvallis FMR area is more expensive than 90% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Corvallis. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Corvallis

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1003
1-BR 1-Bedroom $ 1109
2-BR 2-Bedroom $ 1309
3-BR 3-Bedroom $ 1873
4-BR 4-Bedroom $ 2266
Change Year:

There is just one county (listed below) within the Corvallis, OR MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Portland, Or and Eugene.

County / Region Est. Population
Benton County, OR Metro 0
Zip Codes in Corvallis, OR MSA

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

97321, 97324, 97326, 97330, 97331, 97333, 97339, 97361, 97370, 97448 and 97456

Lookup Fair Market Rent by Zip Code