Cheap Apartments for Rent in Happy Valley, OR from $700 (91 Rentals)

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Search the lowest-cost Apartments available for rent right now in Happy Valley.

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Avana at Happy Valley
$1,179 - $2,770
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$1,179 - $2,770
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Studio to 2 Bedroom Apartments Available Now

Avana at Happy Valley

8800 SE Causey LoopHappy Valley, OR 97086
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Elwood
Rent Specials
$1,611 - $5,996
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$1,611 - $5,996
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1 to 3 Bedroom Apartments Available Now

The Elwood

13702 SE 162nd AveHappy Valley, OR 97015
Corporate Housing
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Town Center Station
Studio to 1 Bedroom Apartments

Town Center Station

8719 SE Monterey AveHappy Valley, OR 97086
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Acadia Gardens
Studio to 2 Bedroom Apartments

Acadia Gardens

8370 SE Causey AveHappy Valley, OR 97086
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Fuller Station
1 to 3 Bedroom Apartments

Fuller Station

9730 SE Fuller RdHappy Valley, OR 97086
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Latitude
1 to 3 Bedroom Apartments

Latitude

11282 SE Causey CirHappy Valley, OR 97086

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Heirloom
Rent Specials
$1,399 - $2,729
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$1,399 - $2,729
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1 to 3 Bedroom Apartments Available Now

Heirloom

7900 SE Luther RdPortland, OR 97206
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Eleven Pines
$1,500 - $2,498
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$1,500 - $2,498
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1 to 3 Bedroom Apartments Available May 21

Eleven Pines

4777 SW 11th StGresham, OR 97080
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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property at 8608 SE Bybee Blvd

$1,595

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Total Monthly Price

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$1,595
Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Now

8608 SE Bybee Blvd

PortlandOR97266
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The Heights Apartments
Rent Specials
$1,699 - $1,849
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Total Monthly Price

Base Rent
$1,699 - $1,849
Total Monthly Price
$1,699 - $1,849
2 Bedroom Apartments Available Now

The Heights Apartments

8057 SE Monroe StMilwaukie, OR 97222
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Happy Valley, OR Local Guide

Cheapest Available Happy Valley Apartments for Rent

 

The cheapest available apartment rental in Happy Valley, OR is a Studio unit found at Avana at Happy Valley in the West Mt Scott neighborhood priced from $1,179. Bellrose Station in the Southeast Portland neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,180. Here is today’s list of the most affordable Happy Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avana at Happy ValleyStudio One Bath (424 SF)Studio,1BA$1,179
Bellrose Station2x12BR,1BA$1,180
Woody Guthrie Place1X11BR,1BA$1,195
Lake Crest ApartmentsStudioStudio,1BA$1,226
Good Shepherd VillageOne-Bedroom1BR,1BA$1,278
Easton Ridge1x11BR,1BA$1,283
Trailside1 Bedroom 1 Bath1BR,1BA$1,300
King Manor in Milwaukie1x11BR,1BA$1,300
Stone RidgeE - Efficiency 1 bed 1 bath1BR,1BA$1,325
Heather Lodge ApartmentsCANYONStudio,1BA$1,330

Best Value Apartments for Rent in Happy Valley, OR

As of April 30, 2026 the best value apartment in the Happy Valley area is the $1.68 price per square foot 3 Bedroom, 2 Bath_1174 Model at Foster Plaza Apartments in the in the East Portland neighborhood starting from $1,975. The second greatest value Happy Valley apartment is the Two-Bedroom Model at Fuller Station starting at $1,630 with a $1.58 price per square foot in the Woodstock neighborhood. Here is today’s list of the best values for Happy Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Foster Plaza Apartments3 Bedroom, 2 Bath_11743BR,2BA$1.68
Fuller StationTwo-Bedroom2BR,2BA$1.58
Township Eastside2x2 Classic2BR,2BA$1.50
Caldera at Sunnybrook2X1A2BR,1BA$1.46
Acadia GardensTwo Bedroom2BR,2BA$1.66
Oliver Station Apartments2 Bedroom Home2BR,1BA$1.62
Sunnyside Park Apartments2x12BR,1BA$1.57
Johnson Creek Village Apartments.2X12BR,1BA$1.64
Trailside1 Bedroom 1 Bath1BR,1BA$1.59
Bellrose Station2x12BR,1BA$1.46

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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Frequently Asked Questions about Cheap Happy Valley Apartments

What is the Cheapest Studio apartment in Happy Valley?

Currently the most affordable Cheap Studio Apartment in Happy Valley is at Avana at Happy Valley listed at $1,179.

How much is rent for a Cheap One Bedroom Happy Valley Apartment?

The lowest price for a Cheap One Bedroom Happy Valley Apartment is $1,195 at Woody Guthrie Place.

What is the lowest price for a Cheap Two Bedroom Happy Valley Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Happy Valley is starting from $1,180 at Bellrose Station.

What is the most affordable Happy Valley Three Bedroom Apartment?

The best deal on a cheap Happy Valley Three Bedroom Apartment rental is at Good Shepherd Village and starts from $1,757.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

decorative image for From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots article

From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.