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Monthly Rent
$1,679 - $4,683
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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 127price $1,689square feet 704availibility Now
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Unit 036price $1,689square feet 708availibility Now
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Unit 053price $1,679square feet 677availibility Jan 30
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Unit 026price $2,175square feet 955availibility Now
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Unit 030price $2,305square feet 1,009availibility Now
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Unit 011price $2,284square feet 1,207availibility Jan 24
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Unit 127price $1,689square feet 704availibility Now
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Unit 036price $1,689square feet 708availibility Now
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Unit 053price $1,679square feet 677availibility Jan 30
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Unit 026price $2,175square feet 955availibility Now
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Unit 030price $2,305square feet 1,009availibility Now
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Unit 011price $2,284square feet 1,207availibility Jan 24
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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InternetInternet Charged per unit.Varies
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TrashTrash Charged per unit.Varies
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CableCable Charged per unit.Varies / mo
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Common Area ElectricCommon Area Electric Charged per unit.Varies / mo
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Common Area GasCommon Area Gas Charged per unit.Varies / mo
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ElectricElectric Charged per unit.Varies / mo
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SewerSewer Charged per unit.Varies / mo
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WaterWater Charged per unit.Varies / mo
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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 one-time
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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.$35 / 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.1500% 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
- Off Street Parking
- Patio/Balcony
- Taralon Community Clubhouse Event Access*
- BILT Rewards
- Flex Rent Payment Option
- Breakfast Bar
- High Ceilings in Select Homes
- Beautiful Views
- Fully Equipped Kitchen
- Furnished Units Available
- Nature View
- Ample Kitchen Cabinet Space and Pantry
- Large Closets
- Pet Friendly
- ADA
- Air Conditioner
- Full Size Washer and Dryer
- Rental Furniture Available From CORT
- Short Distance to New Seasons
- Bike Racks
- Large Windows Allowing Natural Light
- Subway Tile Backsplash
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
- Off Street Parking
- Patio/Balcony
- Taralon Community Clubhouse Event Access*
- BILT Rewards
- Flex Rent Payment Option
- Breakfast Bar
- High Ceilings in Select Homes
- Beautiful Views
- Fully Equipped Kitchen
- Furnished Units Available
- Nature View
- Ample Kitchen Cabinet Space and Pantry
- Large Closets
- Pet Friendly
- ADA
- Air Conditioner
- Full Size Washer and Dryer
- Rental Furniture Available From CORT
- Short Distance to New Seasons
- Bike Racks
- Large Windows Allowing Natural Light
- Subway Tile Backsplash
- 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 ValleyCompare neighborhood and city base rent averages by bedroom.
| Rock Creek | Happy Valley, OR | |
|---|---|---|
| Studio | $1,406 | $1,516 |
| 1 Bedroom | $1,633 | $1,617 |
| 2 Bedrooms | $2,055 | $2,008 |
| 3 Bedrooms | $2,368 | $2,346 |
| 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 © 2026. 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 |
|
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 |
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.
Parking is available at The Elwood. Contact this property for details.
The Elwood has one to three-bedrooms with rent ranges from $1,679/mo. to $4,683/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 $1,679 for a one-bedroom, you would need to earn about $60,000 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 $1,679.
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