Cheap Apartments for Rent in Happy Valley, OR from $600 (13 Rentals)

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

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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
  • Utilities Included

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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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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

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.

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 $952. King Manor in Milwaukie in the West Mt Scott neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here is today’s list of the most affordable Happy Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Acadia GardensStudioStudio,1BA$952
King Manor in MilwaukieStudioStudio,1BA$1,095
Amanda Courts ApartmentsStudio1BR,1BA$1,150
Avana at Happy ValleyStudio One Bath (424 SF)Studio,1BA$1,158
Lake Crest ApartmentsStudioStudio,1BA$1,235

Best Value Apartments for Rent in Happy Valley, OR

As of September 14, 2025 the best value apartment in the Happy Valley area is the $1.90 price per square foot The Powell Model at Residences at Butler Creek in the in the Gresham Butte neighborhood starting from $2,780. The second greatest value Happy Valley apartment is the 2 Bedroom 2 Bath Model at Trailside starting at $1,575 with a $1.47 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.
Residences at Butler CreekThe Powell3BR,2.5BA$1.90
Trailside2 Bedroom 2 Bath2BR,2BA$1.47
Township Eastside2x2 Classic2BR,2BA$1.55
Mt. Scott Commons2 bedroom 2 bath2BR,2BA$1.80
Oliver Station Apartments2 Bedroom Home2BR,1BA$1.76
Sunnyside Park Apartments2x12BR,1BA$1.69
Good Shepherd VillageTwo-Bedroom2BR,1BA$1.81
Harmony Court Apartments2 Bed 1 Bath2BR,1BA$1.85
The LarkThe Roost - 2 Bed 1 Bath2BR,1BA$1.87
Easton Ridge1x11BR,1BA$1.79

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

Explore Happy Valley, OR Rentals by Map

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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 $952.

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

The lowest price for a Cheap One Bedroom Happy Valley Apartment is $1,150 at Amanda Courts Apartments.

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 $1,445 at Avana at Happy Valley.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.