5655 SE 123rd Ave
PortlandOR97236
Cheap Homes for Rent in Happy Valley, OR from $1,300 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Happy Valley.
8590 SE 72nd Ave
PortlandOR97206
6524 SE 87th Ave, Unit B
6524 SE 87th Ave
PortlandOR97266
11276 SE Causey Cir
Happy ValleyOR97086
8300 SE Flavel St
PortlandOR97266
13640 SE Hwy 212
ClackamasOR97015
10006 SE Yukon St
PortlandOR97266
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.
12602 SE 110th Ct, Unit 12602
12602 SE 110th Ct
DamascusOR97015
9623 SE Knight St
PortlandOR97266
Unit
12316 SE 104th Ct
Happy ValleyOR97086
12311 SE Holgate Blvd
PortlandOR97236
10021 SE Harold St
PortlandOR97266
4063 SW McKinley St
GreshamOR97080
4077 SW McKinley St
GreshamOR97080
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
4051 SW McKinley St
GreshamOR97080
4059 SW McKinley St
GreshamOR97080
4055 SW McKinley St
GreshamOR97080
4071 SW McKinley St
GreshamOR97080
10104 SE Bristol Loop
Happy ValleyOR97086
6721 SE 84th Ave
PortlandOR97266
7446 SE 86th Ave
PortlandOR97266
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
9811 SE Knight St
PortlandOR97266
Showing Results 1-22, Page 1 of 1
Happy Valley, OR Local Guide
How much does it cost to rent a home in Happy Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Happy Valley 2 Bedroom Homes for Rent | $2,112 | $1,300 | $3,300 |
| Happy Valley 3 Bedroom Homes for Rent | $3,037 | $2,095 | $4,500 |
| Happy Valley 4 Bedroom Homes for Rent | $3,337 | $2,695 | $3,900 |
| Happy Valley 5 Bedroom Homes for Rent | $3,385 | $2,995 | $3,775 |
| Happy Valley 6 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Happy Valley, OR Local Guide
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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 $1,154. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Acadia Gardens | Studio | Studio,1BA | $1,154 |
| Bellrose Station | 2x1 | 2BR,1BA | $1,180 |
| Woody Guthrie Place | 1X1 | 1BR,1BA | $1,195 |
| Oliver Station Apartments | 1 Bedroom Home | 1BR,1BA | $1,250 |
| Lake Crest Apartments | Studio | Studio,1BA | $1,271 |
Best Value Apartments for Rent in Happy Valley, OR
As of September 07, 2026 the best value apartment in the Happy Valley area is the $1.47 price per square foot 2 Bedroom 2 Bath Model at Trailside in the in the East Portland neighborhood starting from $1,575. The second greatest value Happy Valley apartment is the Two-Bedroom Model at Fuller Station starting at $1,687 with a $1.64 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Trailside | 2 Bedroom 2 Bath | 2BR,2BA | $1.47 |
| Fuller Station | Two-Bedroom | 2BR,2BA | $1.64 |
| Township Eastside | 2x2 Classic | 2BR,2BA | $1.36 |
| Eleven Pines | 2x2 Renovated | 2BR,2BA | $1.68 |
| SkyNat Apartments - 122nd Avenue | **? Newly Remodeled Upstairs 2BD/1BA — EVERYTHI... | 2BR,1BA | $1.54 |
| Caldera at Sunnybrook | 2X1A | 2BR,1BA | $1.56 |
| Oliver Station Apartments | 2 Bedroom Home | 2BR,1BA | $1.57 |
| Foster Plaza Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.66 |
| Sunnyside Park Apartments | 2x1 | 2BR,1BA | $1.57 |
| Rosewood Station | 1/1 | 1BR,1BA | $1.60 |
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!
Read Article
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.
Read ArticleA 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
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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See the most popular apartments and homes in Happy Valley, OR
Frequently Asked Questions about Happy Valley
What type of rentals are currently available in Happy Valley?
There are currently 191 Apartments for Rent in Happy Valley, OR with pricing that ranges from $1,150 to $3,600. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Happy Valley ranging from $1,300 to $4,500.
What is the current price range for Rental Homes in Happy Valley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Happy Valley ranges from $1,300 to $4,500 with an average monthly rent of $2,794.
How much are larger Three and Four Bedroom Rentals in Happy Valley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Happy Valley range from $1,822 to $3,295, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,095 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $3,600.
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
From Arts to Eats: A Local Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.