
Cheap Apartments for Rent in the Pleasant Valley Neighborhood of Portland, OR from $600 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pleasant Valley area of Portland.


Traditions at Hazelwood a 55+ Community
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
Pleasant Valley, Portland, OR Local Guide

How much does it cost to rent an apartment in Pleasant Valley?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pleasant Valley Studio Apartments | $1,249 | $1,173 | $1,375 |
Pleasant Valley 1 Bedroom Apartments | $1,365 | $1,241 | $2,300 |
Pleasant Valley 2 Bedroom Apartments | $1,591 | $1,075 | $3,185 |
Pleasant Valley 3 Bedroom Apartments | $2,088 | $1,341 | $2,445 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 3 mile radius of the Pleasant Valley Neighborhood of Portland, OR.
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Pleasant Valley, Portland, OR Local Guide
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Cheapest Available Pleasant Valley Apartments for Rent
 The cheapest available apartment rental in the Pleasant Valley area of Portland, OR is a Studio unit found at Traditions at Hazelwood a 55+ Community priced from $1,173. The Nash has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Pleasant Valley apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Traditions at Hazelwood a 55+ Community | Studio (S2) | Studio,1BA | $1,173 |
The Nash | 1 x 1 | 1BR,1BA | $1,300 |
Powell Court | #57 | 1BR,1BA | $1,435 |
Best Value Apartments for Rent in Pleasant Valley, OR
As of March 26, 2025 the best value apartment in the Pleasant Valley area is the $1.47 price per square foot ts2x2 Model at Trailside Apartments in the in the East Portland neighborhood starting from $1,575. The second greatest value Pleasant Valley apartment is the 2x2 Classic Model at Township Eastside starting at $1,470 with a $1.48 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Trailside Apartments | ts2x2 | 2BR,2BA | $1.47 |
Township Eastside | 2x2 Classic | 2BR,2BA | $1.48 |
Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.57 |
Foster Plaza Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.64 |
Powell Court | #57 | 1BR,1BA | $1.77 |
Images Highland Apartments | 2BR/1.0BA | 2BR,1BA | $1.99 |
Hawks Ridge Apartments | A - 1 bed 1 bath | 1BR,1BA | $2.06 |
Rock Creek Ridge | A | 1BR,1BA | $2.29 |
The Nash | 1 x 1 | 1BR,1BA | $2.13 |
Traditions at Hazelwood a 55+ Community | Studio (S2) | Studio ,1BA | $2.50 |
Quick Rent Budget Calculator
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Pet Friendly LifestylePleasant Valley, Portland, OR
Ranked #113
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Pleasant Valley Neighborhood in Portland, OR
Walk Score®
19 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
31 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
15 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Pleasant Valley Apartments
What is a cheap apartment in Pleasant Valley?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pleasant Valley is under $1,595.
What is the price of a cheap apartment in Pleasant Valley?
The cheapest apartment in Pleasant Valley is Traditions at Hazelwood a 55+ Community which is listed at $1,241, while the average apartment in Pleasant Valley costs $2,195.
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 782 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 $566 which is $1,629 cheaper than the average rent for all rentals in Pleasant Valley.
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.

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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.