Cheap Apartments for Rent in the Pleasant Valley Neighborhood of Portland, OR from $600 (5 Rentals)

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

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Leander Court
2 to 4 Bedroom Apartments

Leander Court

4620 SE 122nd AvePortland, OR 97236
  • Utilities Included
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Townhouse Villa
2 Bedroom Apartments

Townhouse Villa

4300-4344 SE 122nd AvePortland, OR 97236

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

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 ListingModel NameBed/BathPriced From
Traditions at Hazelwood a 55+ CommunityStudio (S2)Studio,1BA$1,173
The Nash1 x 11BR,1BA$1,300
Powell Court#571BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trailside Apartmentsts2x22BR,2BA$1.47
Township Eastside2x2 Classic2BR,2BA$1.48
Foothills Apartments2 Bedroom / 2 Bath2BR,2BA$1.57
Foster Plaza Apartments2 Bedroom, 2 Bath2BR,2BA$1.64
Powell Court#571BR,1BA$1.77
Images Highland Apartments2BR/1.0BA2BR,1BA$1.99
Hawks Ridge ApartmentsA - 1 bed 1 bath1BR,1BA$2.06
Rock Creek RidgeA1BR,1BA$2.29
The Nash1 x 11BR,1BA$2.13
Traditions at Hazelwood a 55+ CommunityStudio (S2)Studio ,1BA$2.50

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Pet Friendly Lifestyle
Pleasant Valley, Portland, OR

Ranked #113

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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.

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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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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.

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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.

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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.