Cheap Apartments for Rent in Happy Valley, OR from $600 (9 Rentals)

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

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Acadia Gardens
Studio Apartments

Acadia Gardens

8370 SE Causey AveHappy Valley, OR 97086
  • Utilities Included
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Town Center Station
Studio to 1 Bedroom Apartments

Town Center Station

8719 SE Monterey AveHappy Valley, OR 97086

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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Leander Court
2 to 4 Bedroom Apartments

Leander Court

4620 SE 122nd AvePortland, OR 97236
  • Utilities Included
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5840 SE 89th
Studio Apartments

5840 SE 89th

5840 SE 89th AvePortland, OR 97266

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.

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 Acadia Gardens in the West Mt Scott neighborhood priced from $942. 5840 SE 89th in the Southeast Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Happy Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Acadia GardensStudioStudio,1BA$942
5840 SE 89thStudioStudio,1BA$1,050
King Manor in Milwaukie1x11BR,1BA$1,200

Best Value Apartments for Rent in Happy Valley, OR

As of July 30, 2025 the best value apartment in the Happy Valley area is the $1.81 price per square foot 2x2d -1005 Model at Twin Creeks in the in the West Mt Scott neighborhood starting from $1,819. The second greatest value Happy Valley apartment is the 2x2 Classic Model at Township Eastside starting at $1,470 with a $1.48 price per square foot in the East Portland 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.
Twin Creeks2x2d -10052BR,2BA$1.81
Township Eastside2x2 Classic2BR,2BA$1.48
Sunnyside Park Apartments2x22BR,2BA$1.67
Mt. Scott Commons2 bedroom 2 bath2BR,2BA$1.80
Oliver Station Apartments2 Bedroom Home2BR,1BA$1.76
6205 SE 92nd Ave, Unit A6205 SE 92nd Ave2BR,2BA$1.55
Johnson Creek Village Apartments.2X12BR,1BA$1.76
Good Shepherd VillageTwo-Bedroom2BR,1BA$1.81
Trailside1 Bedroom 1 Bath1BR,1BA$1.65
Easton Ridge1x11BR,1BA$1.79

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Happy Valley, OR

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 Acadia Gardens listed at $942.

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

The lowest price for a Cheap One Bedroom Happy Valley Apartment is $1,200 at King Manor in Milwaukie.

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 $1,425 at Caldera at Sunnybrook.

What is the most affordable Happy Valley Three Bedroom Apartment?

The best deal on a cheap Happy Valley Three Bedroom Apartment rental is at Fuller Commons and starts from $1,850.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.