Cheap Apartments for Rent in Happy Valley, OR from $700 (89 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
$1,134 - $1,942
Total Monthly Price

Total Monthly Price

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$1,134 - $1,942
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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
$1,992 - $4,266
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$1,992 - $4,266
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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

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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Latitude
1 to 3 Bedroom Apartments

Latitude

11282 SE Causey CirHappy Valley, OR 97086
property at 5660 SE 125th Ave

$1,100 - $1,695

Studio To 2 Bedroom Rentals

Available Now

5660 SE 125th Ave

PortlandOR97236

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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Eleven Pines
$1,525 - $1,904
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$1,525 - $1,904
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1 to 3 Bedroom Apartments Available Now

Eleven Pines

4777 SW 11th StGresham, OR 97080
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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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The Heights Apartments
$1,799 - $1,849
Total Monthly Price

Total Monthly Price

Base Rent
$1,799 - $1,849
Total Monthly Price
$1,799 - $1,849
2 Bedroom Apartments Available Now

The Heights Apartments

8057 SE Monroe StMilwaukie, OR 97222
Eco-Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 1 Bed unit found at Rosewood Station in the West Mt Scott neighborhood priced from $922. Avana at Happy Valley in the West Mt Scott neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,162. Here is today’s list of the most affordable Happy Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rosewood Station1/11BR,1BA$922
Avana at Happy ValleyStudio One Bath (424 SF)Studio,1BA$1,162
Bellrose Station2x12BR,1BA$1,180
Woody Guthrie Place1X11BR,1BA$1,195
Johnson Creek Village Apartments.1x11BR,1BA$1,195
Powellhurst Place1 Bedroom1BR,1BA$1,218
King Manor in Milwaukie1x11BR,1BA$1,250
Lake Crest ApartmentsStudioStudio,1BA$1,271
Easton Ridge1x11BR,1BA$1,283
Stone RidgeE - Efficiency 1 bed 1 bath1BR,1BA$1,325

Best Value Apartments for Rent in Happy Valley, OR

As of June 14, 2026 the best value apartment in the Happy Valley area is the $1.73 price per square foot 2 Bed 2.5 Bath Townhome A Phase II Model at Latitude in the in the West Mt Scott neighborhood starting from $2,230. 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.
Latitude2 Bed 2.5 Bath Townhome A Phase II2BR,2.5BA$1.73
Trailside2 Bedroom 2 Bath2BR,2BA$1.47
Fuller StationTwo-Bedroom2BR,2BA$1.64
Township Eastside2x2 Classic2BR,2BA$1.48
Sunnyside Park Apartments2x22BR,2BA$1.66
Eleven Pines2x2 Renovated2BR,2BA$1.63
Oliver Station Apartments2 Bedroom Home2BR,1BA$1.62
Bellrose Station2x12BR,1BA$1.46
Rosewood Station1/11BR,1BA$1.16
Johnson Creek Village Apartments.1x11BR,1BA$1.59

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,134.

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

The lowest price for a Cheap One Bedroom Happy Valley Apartment is $922 at Rosewood Station.

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

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.