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Monthly Rent
$2,071 - $3,978
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Bedrooms
1 - 3 bd
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Bathrooms
1 - 2 ba
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Square Feet
677 - 1,207 sq ft
The Elwood is a collection of one, two, and three bedroom apartment homes located in Happy Valley, OR. Our apartment homes feature air conditioning, quartz countertops, designer kitchen cabinetry, stainless steel appliances, full-size washer and dryer, and a balcony with panoramic views. Located just two blocks from our community is a New Seasons grocer, local brewpubs, spas, retail shopping, restaurants, and several miles of walkable trails, offering the perfect town and country balance. Schedule your tour today!
Highlights
- Controlled Access
- Gated
- Elevator
- Property Manager on Site
Pricing & Floor Plans
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Unit 026price $2,071square feet 955availibility Now
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Unit 030price $2,201square feet 1,009availibility Dec 17
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Unit 026price $2,071square feet 955availibility Now
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Unit 030price $2,201square feet 1,009availibility Dec 17
Fees and Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities.
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Utilities & Essentials
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CableCable Charged per unit.Varies
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Common Area ElectricCommon Area Electric Charged per unit.Varies
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Common Area GasCommon Area Gas Charged per unit.Varies
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ElectricElectric Charged per unit.Varies
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SewerSewer Charged per unit.Varies
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WaterWater Charged per unit.Varies
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InternetInternet Charged per unit.Varies
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TrashTrash Charged per unit.Varies
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One-Time Basics
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Due at Application
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Application Fee Per ApplicantCharged per applicant.$42
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Credit Check FeeCharged per unit.$42
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Holding DepositCharged per unit.$600
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Due at Move-In
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Security DepositMay vary based on credit approval and conditional approvals Charged per unit.Varies
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Due at Application
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Dogs
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Dog DepositCharged per pet.$400
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Dog RentCharged per pet.$35 / mo
Restrictions:NoneRead More Read LessComments -
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Cats
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Cat DepositCharged per pet.$400
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Cat RentCharged per pet.$35 / mo
Restrictions:Comments -
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Surface Lot
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Pet DepositCharged per unit.$400
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Pet RentCharged per unit.$30 / mo
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ParkingCharged per unit.$25 / mo
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MTM Flat FeeMonth to Month Flat Fee Charged per unit.$0 / mo
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NSF Tenant FeeNSF Tenant Fee Charged per unit.$35 / occurrence
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Late FeeLate Fee Charged per unit.$200 / occurrence
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Early Termination FeeEarly Termination Fee Charged per unit.150% of base rent / occurrence
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Lease Options
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5 - 16 Month Leases
Property Information
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Built in 2020
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132 units/4 stories
Matterport 3D Tours
About The Elwood
The Elwood is a collection of one, two, and three bedroom apartment homes located in Happy Valley, OR. Our apartment homes feature air conditioning, quartz countertops, designer kitchen cabinetry, stainless steel appliances, full-size washer and dryer, and a balcony with panoramic views. Located just two blocks from our community is a New Seasons grocer, local brewpubs, spas, retail shopping, restaurants, and several miles of walkable trails, offering the perfect town and country balance. Schedule your tour today!
The Elwood is an apartment community located in Clackamas County and the 97015 ZIP Code. This area is served by the North Clackamas School District 12 attendance zone.
Unique Features
- Cable and Internet Ready
- Bike Racks
- Large Windows Allowing Natural Light
- Subway Tile Backsplash
- Beautiful Views
- Fully Equipped Kitchen
- Furnished Units Available
- Nature View
- Off Street Parking
- Patio/Balcony
- Taralon Community Clubhouse Event Access*
- Breakfast Bar
- High Ceilings in Select Homes
- ADA
- Air Conditioner
- Full Size Washer and Dryer
- Rental Furniture Available From CORT
- Short Distance to New Seasons
- Ample Kitchen Cabinet Space and Pantry
- Large Closets
- Pet Friendly
- BILT Rewards
- Flex Rent Payment Option
Community Amenities
Laundry Facilities
Elevator
Controlled Access
Gated
- Package Service
- Laundry Facilities
- Controlled Access
- Maintenance on site
- Property Manager on Site
- Public Transportation
- Elevator
- Lounge
- Gated
Apartment Features
Washer/Dryer
Air Conditioning
Dishwasher
Microwave
- Washer/Dryer
- Air Conditioning
- Dishwasher
- Disposal
- Stainless Steel Appliances
- Microwave
- Quartz Countertops
- Window Coverings
- Package Service
- Laundry Facilities
- Controlled Access
- Maintenance on site
- Property Manager on Site
- Public Transportation
- Elevator
- Lounge
- Gated
- Cable and Internet Ready
- Bike Racks
- Large Windows Allowing Natural Light
- Subway Tile Backsplash
- Beautiful Views
- Fully Equipped Kitchen
- Furnished Units Available
- Nature View
- Off Street Parking
- Patio/Balcony
- Taralon Community Clubhouse Event Access*
- Breakfast Bar
- High Ceilings in Select Homes
- ADA
- Air Conditioner
- Full Size Washer and Dryer
- Rental Furniture Available From CORT
- Short Distance to New Seasons
- Ample Kitchen Cabinet Space and Pantry
- Large Closets
- Pet Friendly
- BILT Rewards
- Flex Rent Payment Option
- Washer/Dryer
- Air Conditioning
- Dishwasher
- Disposal
- Stainless Steel Appliances
- Microwave
- Quartz Countertops
- Window Coverings
| Monday | 10am - 6pm |
|---|---|
| Tuesday | 10am - 6pm |
| Wednesday | 10am - 6pm |
| Thursday | 10am - 6pm |
| Friday | 10am - 6pm |
| Saturday | 10am - 5pm |
| Sunday | Closed |
Nestled just 10 miles southeast of Portland, Happy Valley is the perfect suburb for commuters and families. With a central location, park-like atmosphere, and family-friendly community, renters in Happy Valley couldn’t be much happier! Scouters Mountain Nature Park, Hidden Falls Nature Park, Happy Valley Park, and Mount Talbert Nature Park are just a few of the scenic green spaces available to residents. Hiking trails, sweeping views, and summer concerts are commonplace in this active community. Apartments and houses in the area range from affordable to upscale, so there’s something for every renter in Happy Valley. Although this suburb is mainly residential, residents spend most of their free time exploring the great outdoors or traveling to nearby Portland for dining, shopping, and entertainment options.
Learn more about living in Happy Valley| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 10 min | 4.8 mi | |
| Drive: | 18 min | 8.7 mi | |
| Drive: | 23 min | 9.7 mi | |
| Drive: | 19 min | 9.8 mi |
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by GreatSchools.org © 2025. All rights reserved.
Transportation options available in Happy Valley include Clackamas Town Center Transit Center, located 4.3 miles from The Elwood. The Elwood is near Portland International, located 16.3 miles or 27 minutes away.
| Transit / Subway | Distance | ||
|---|---|---|---|
| Transit / Subway | Distance | ||
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Drive: | 10 min | 4.3 mi |
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Drive: | 11 min | 5.7 mi |
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Drive: | 14 min | 7.9 mi |
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Drive: | 16 min | 9.1 mi |
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Drive: | 17 min | 9.9 mi |
| Commuter Rail | Distance | ||
|---|---|---|---|
| Commuter Rail | Distance | ||
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Drive: | 17 min | 9.1 mi |
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Drive: | 29 min | 17.6 mi |
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Drive: | 29 min | 19.2 mi |
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Drive: | 36 min | 23.5 mi |
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Drive: | 37 min | 24.7 mi |
| Airports | Distance | ||
|---|---|---|---|
| Airports | Distance | ||
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Portland International
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Drive: | 27 min | 16.3 mi |
Time and distance from The Elwood.
| Shopping Centers | Distance | ||
|---|---|---|---|
| Shopping Centers | Distance | ||
| Walk: | 7 min | 0.4 mi | |
| Walk: | 11 min | 0.6 mi | |
| Walk: | 17 min | 0.9 mi |
| Parks and Recreation | Distance | ||
|---|---|---|---|
| Parks and Recreation | Distance | ||
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Scouters Mountain Nature Park
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Drive: | 4 min | 2.1 mi |
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Mount Talbert Nature Park
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Drive: | 9 min | 4.1 mi |
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Zenger Farm
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Drive: | 12 min | 6.0 mi |
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Leach Botanical Garden
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Drive: | 13 min | 6.5 mi |
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Powell Butte Nature Park
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Drive: | 15 min | 7.0 mi |
| Hospitals | Distance | ||
|---|---|---|---|
| Hospitals | Distance | ||
| Drive: | 7 min | 3.5 mi | |
| Drive: | 15 min | 7.5 mi | |
| Drive: | 17 min | 9.5 mi |
| Military Bases | Distance | ||
|---|---|---|---|
| Military Bases | Distance | ||
| Drive: | 27 min | 15.6 mi | |
| Drive: | 51 min | 30.3 mi |
Property Ratings at The Elwood
I love it here. The staff are warm and helpful. Any maintenance is completed promptly. One-line rent payment is easy. It is a wonderful pace to see bunnies, birds, and hear the frogs sing at night. It is family/kid/elder/pet friendly (I’m in the elder category).
Property Manager at The Elwood, Responded To This Review
Hi User, Thank you for sharing your positive experience at the Elwood. We're delighted to hear that you enjoy the community and find our staff helpful. It's wonderful to know that you appreciate the natural surroundings and the convenience of our services. We look forward to continuing to provide a welcoming environment for you.
At first glance these apartments look beautiful, but once you've been inside one for longer than a tour you can tell they were slapped together quickly. The closet doors constantly fall off, like, all the way off, the sliding doors to the washers/dryer don't fit properly and the walls are paper thin and you can hear everything. There is also almost no visitor parking. I think there are four spots for the entire complex. There are a handful of spots that belong to the neighboring community, but you risk being towed parking there, and there are no nearby side streets. If you're a two car household, good luck.
Property Manager at The Elwood, Responded To This Review
Hello, Thank you for your honest feedback. We pride ourselves on maintaining the highest quality standards for our customers but we didn't measure up. You can reach us anytime at pm.theelwood@avenue5apt.com or 1 503-427-2140. Respectfully, Erin Hays
The views are great and the air conditioner is a life savor!
Property Manager at The Elwood, Responded To This Review
Thanks so much for taking the time to share your positive experience! Our goal will always be to provide the best experience and are very happy to hear you love the views and the in unit A/C. We're here if you need anything in the future! Sincerely, The Elwood Management Team
The apartments have a great layout and the staff is friendly and responsive.
Property Manager at The Elwood, Responded To This Review
Thank you for taking the time to share your experience. It's feedback like yours that reminds us why we do what we do! If you ever need anything please don't hesitate to reach out to our team. See you soon! Kindly, The Elwood Management Team
I have lived here for 7 months, and have been pretty happy. I was concerned about moving into an apartment (I have always lived in houses), but have been pleasantly surprised with the management and maintenance teams, as well as overall cleanliness and sound levels. The only drawback is guests sometimes park in the tenant designated spaces which can be a pain, but I imagine that is an issue at any apartment complex.
Property Manager at The Elwood, Responded To This Review
Thank you for taking the time to share your experience. We truly appreciate your recommendation of The Elwood and will work hard to continue going above and beyond. Our goal will always be to provide the best experience and we love knowing yours was no different!
I've lived here a few months now so wanted to make a review. First off any issues or work orders I've submitted have been taken care of in a timely manor. Maintenance and management are quick to get top of things anytime I've needed something. The area is nice, no issues with surrounding neighborhoods. The only thing I can think of that may need some improvement is holding tenants responsible for keeping the entry ways clean in the hallways and reminding people no smoking allowed on balconies or near property. Thanks Elwood team! -Maiya
Property Manager at The Elwood, Responded To This Review
Hello Maiya, Thanks so much for taking the time to share your positive experience! Hearing that your experience went well really makes our day. As always, our team is looking forward to your next visit. We look forward to continually meeting your expectations!
One month in and loving it. Got lucky with a one bedroom in immaculate. The buildings have elevators making move in a breeze. Great neighbors so far. Hardly know they’re here, it’s so quiet. Maintenance does a good job keeping the common areas clean. Top of the line appliances including full size washer and dryer. Balcony is very private. Building design done well so you don’t see your neighbors when sitting outside. Apartments in this area are pricey but The Elwood is competitive. You get what you pay for. Other complexes don’t even have A/C for the same price!
Property Manager at The Elwood, Responded To This Review
Thank you for the awesome feedback. Hearing that your experience has been has been great really makes our day. We look forward to continually meeting your expectations! - Your Elwood Management Team
The Elwood Photos
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1BR. 1BA - 672 SF
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Models
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1 Bedroom
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1 Bedroom
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1 Bedroom
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1 Bedroom
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2 Bedrooms
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2 Bedrooms
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The Elwood has units with in‑unit washers and dryers, making laundry day simple for residents.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
The Elwood has one to three-bedrooms with rent ranges from $2,071/mo. to $3,978/mo.
Yes, The Elwood welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $2,071 for a two-bedrooms, you would need to earn about $75,000 per year to qualify. Want to double-check your budget? Try our Rent Affordability Calculator to see how much rent fits your income and lifestyle.
The Elwood is offering Specials for eligible applicants, with rental rates starting at $2,071.
Yes! The Elwood offers 3 Matterport 3D Tours. Explore different floor plans and see unit level details, all without leaving home.
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.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources
13702 SE 162nd Ave
Happy Valley, OR 97015