Running Y Ranch is a census-designated place (CDP) in Klamath County, Oregon, United States.

Occupying the lands of Running Y Ranch Resort, a planned community, it was first listed as a CDP prior to the 2020 census.

Payne Canyon, in the center of the hills, is the site of the Running Y Ranch Golf Course.

The community is 8 miles (13 km) northwest of Klamath Falls, the county seat.

This Klamath County, Oregon state location article is a stub.