Cheap Homes for Rent in Happy Valley, OR from $1,200 (9 Rentals)

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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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Happy Valley, OR Local Guide

Cheapest Available Happy Valley Apartments for Rent and Nearby

 

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 $1,136. Amanda Courts Apartments in the East Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. 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$1,136
Amanda Courts ApartmentsStudio1BR,1BA$1,150
King Manor in Milwaukie1x11BR,1BA$1,200

Best Value Apartments for Rent in Happy Valley, OR and Nearby

As of December 09, 2025 the best value apartment in the Happy Valley area is the $1.52 price per square foot 11942 SE Lexington St Model at 11942 SE Lexington St, Unit Lexington Apt in the in the East Portland neighborhood starting from $1,675. 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.
11942 SE Lexington St, Unit Lexington Apt11942 SE Lexington St1BR,1BA$1.52
Trailside2 Bedroom 2 Bath2BR,2BA$1.47
Fuller StationTwo-Bedroom2BR,2BA$1.58
Eleven Pines2x2 Renovated2BR,2BA$1.61
Mt. Scott Commons2 bedroom 2 bath2BR,2BA$1.75
Oliver Station Apartments2 Bedroom Home2BR,1BA$1.76
Foster Plaza Apartments2 Bedroom, 2 Bath2BR,2BA$1.64
6205 SE 92nd Ave, Unit A6205 SE 92nd Ave2BR,2BA$1.55
Sunnyside Park Apartments2x12BR,1BA$1.62
Johnson Creek Village Apartments.1x11BR,1BA$1.73

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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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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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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Frequently Asked Questions about Happy Valley

What type of rentals are currently available in Happy Valley?

There are currently 187 Apartments for Rent in Happy Valley, OR with pricing that ranges from $1,100 to $5,438. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Happy Valley ranging from $1,295 to $8,550.

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 $1,295 to $8,550 with an average monthly rent of $3,151.

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.

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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.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.