Cheap Apartments for Rent in the Pleasant Valley Neighborhood of Portland, OR from $1,000 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Pleasant Valley area of Portland.

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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Townhouse Villa
2 Bedroom Apartments

Townhouse Villa

4300-4344 SE 122nd AvePortland, OR 97236

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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Foster Meadows
2 Bedroom Apartments

Foster Meadows

12509 SE Foster RdPortland, OR 97236
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Leander Court
2 to 4 Bedroom Apartments

Leander Court

4620 SE 122nd AvePortland, OR 97236
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Rockrose Apartments
2 to 3 Bedroom Apartments

Rockrose Apartments

3942 SE 174th AvePortland, OR 97236
  • Utilities Included

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 Ridge
2 to 3 Bedroom Apartments

The Ridge

12027-12069 SE Foster RdPortland, OR 97266
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SpringWater Court
3 to 4 Bedroom Apartments

SpringWater Court

12202-12264 SE Ramona StPortland, OR 97236
  • Utilities Included
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Sterling Park
2 Bedroom Apartments

Sterling Park

16804-16824 SE Powell BlvdPortland, OR 97236

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.

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Trailside
1 to 3 Bedroom Apartments

Trailside

4850 SW 11th StGresham, OR 97080
  • Utilities Included
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Vista Highlands
2 to 3 Bedroom Apartments

Vista Highlands

4849 SW 11th StGresham, OR 97080
  • Utilities Included

Pleasant Valley, Portland, OR Local Guide

Cheapest Available Pleasant Valley Apartments for Rent

 

The cheapest available apartment rental in the Pleasant Valley area of Portland, OR is a 1 Bed unit found at Trailside priced from $1,300. Powell Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here are the most affordable Pleasant Valley apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Trailside1 Bedroom 1 Bath1BR,1BA$1,300
Powell Court241BR,1BA$1,395
Gilhurst Apartments1x1 700 SF1BR,1BA$1,398
Foster Plaza Apartments2 Bedroom, 2 Bath2BR,2BA$1,495
Highland View Apartments2 BR2BR,1BA$1,499
Eleven Pines2x22BR,2BA$1,509
Township Eastside2x2 Classic2BR,2BA$1,544
Foothills Apartments2 Bedroom / 2 Bath2BR,2BA$1,599
The Willows3x2.53BR,2BA$2,395

Best Value Apartments for Rent in Pleasant Valley, OR

As of April 10, 2026 the best value apartment in the Pleasant Valley area is the $1.11 price per square foot 3x2.5 Model at The Willows in the in the East Portland neighborhood starting from $2,395. The second greatest value Pleasant Valley apartment is the 3x2 Model at Powell Court starting at $2,250 with a $1.90 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Pleasant Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Willows3x2.53BR,2.5BA$1.11
Powell Court3x23BR,2BA$1.90
Township Eastside2x2 Classic2BR,2BA$1.55
Foothills Apartments2 Bedroom / 2 Bath2BR,2BA$1.62
Eleven Pines2x2 Renovated2BR,2BA$1.62
Foster Plaza Apartments2 Bedroom, 2 Bath2BR,2BA$1.66
Trailside1 Bedroom 1 Bath1BR,1BA$1.59
Highland View Apartments2 BR2BR,1BA$1.99
Gilhurst Apartments1x1 700 SF1BR,1BA$2.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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Quick Rent Budget Calculator

How much rent can you afford?

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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Pet Friendly Lifestyle
Pleasant Valley, Portland, OR

Ranked #120

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Pleasant Valley Apartments

What is the price of a cheap apartment in Pleasant Valley?

The cheapest apartment in Pleasant Valley is Trailside which is listed at $1,300, while the average apartment in Pleasant Valley costs $2,250.

What types of apartments are the cheapest in Pleasant Valley?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Pleasant Valley that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Pleasant Valley?

Cheap apartments in Pleasant Valley have an average cost of $261 which is $1,989 cheaper than the average rent for all rentals in Pleasant Valley.

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.

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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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.