Cheap Apartments for Rent in the Historic Milwaukie Neighborhood of Milwaukie, OR from $900 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Historic Milwaukie area of Milwaukie.

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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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Shorewood Terrace
1 to 2 Bedroom Apartments

Shorewood Terrace

11233 SE 27th AveMilwaukie, OR 97222
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Chestnut Place
1 to 2 Bedroom Apartments

Chestnut Place

12106 SE Lake RdMilwaukie, OR 97222
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Quail Ridge Apartments
1 to 2 Bedroom Apartments

Quail Ridge Apartments

2868 SE Lake RdMilwaukie, OR 97222
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Crystal Lake
1 to 2 Bedroom Apartments

Crystal Lake

10500 SE 26th AveMilwaukie, OR 97222

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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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Banbury Apartments
Studio to 2 Bedroom Apartments

Banbury Apartments

1651 SE Lava DrMilwaukie, OR 97222
  • Utilities Included

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Dutch Village Apartments
Studio to 1 Bedroom Apartments

Dutch Village Apartments

11345 SE 27th AvePortland, OR 97222
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Waverly Surf
1 to 2 Bedroom Apartments

Waverly Surf

602-764 SE Linn StPortland, OR 97202

Historic Milwaukie, Milwaukie, OR Local Guide

Cheapest Available Historic Milwaukie Apartments for Rent

 

The cheapest available apartment rental in the Historic Milwaukie area of Portland, OR is a Studio unit found at Studio Pointe Apartments priced from $995. Sellwood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Historic Milwaukie apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Studio Pointe ApartmentsStudio 1Studio,1BA$995
Sellwood ApartmentsAlcove Studio 490Studio,1BA$1,100
The MorganThe Morgan PDX StudioStudio,1BA$1,171
Charbern Apts - In The Heart of Milwaukie Oregon1BR/1.0BA1BR,1BA$1,200
Miramonte LodgeMorrisonStudio,1BA$1,220
Modera WoodstockS02Studio,1BA$1,275
Terwilliger1 x 1 F1BR,1BA$1,277
North Main Village1 Bed 1 Bath1BR,1BA$1,291
Henley PlaceThe MapleStudio,1BA$1,295
MeetinghouseBybeeStudio,1BA$1,361

Best Value Apartments for Rent in Historic Milwaukie, OR

As of January 15, 2026 the best value apartment in the Historic Milwaukie area is the $1.93 price per square foot 3 Bed, 2.5 Bath Model at Quail Park Homes in the in the Historic Milwaukie neighborhood starting from $2,999. The second greatest value Historic Milwaukie apartment is the 2x1.5 Model at Willamette Townhouse starting at $1,695 with a $1.54 price per square foot in the Eastmoreland neighborhood. Here is today’s list of the best values for Historic Milwaukie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Quail Park Homes3 Bed, 2.5 Bath3BR,2.5BA$1.93
Willamette Townhouse2x1.52BR,1.5BA$1.54
Images Springcreek Apartments2BR/1.0BA2BR,1BA$1.77
Briarwood Townhomes2 Bedrooms, 1 Bathroom2BR,1BA$1.89
12331 SE Whitcomb Dr., Unit Unit #212331 SE Whitcomb Dr.2BR,1.5BA$1.66
Terwilliger1 x 1 F1BR,1BA$1.70
Lake Village2x12BR,1BA$2.13
Overlook at the WillametteOne Bedroom1BR,1BA$2.16
Charbern Apts - In The Heart of Milwaukie Oregon1BR/1.0BA1BR,1BA$1.88
North Main Village1 Bed 1 Bath1BR,1BA$2.08

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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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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Frequently Asked Questions about Cheap Historic Milwaukie Apartments

What is a cheap apartment in Historic Milwaukie?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Historic Milwaukie is under $1,361.

What is the price of a cheap apartment in Historic Milwaukie?

The cheapest apartment in Historic Milwaukie is Sellwood Apartments which is listed at $1,175, while the average apartment in Historic Milwaukie costs $2,899.

What types of apartments are the cheapest in Historic Milwaukie?

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 17 regular apartments in Historic Milwaukie 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 Historic Milwaukie?

Cheap apartments in Historic Milwaukie have an average cost of $255 which is $2,644 cheaper than the average rent for all rentals in Historic Milwaukie.

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.

Articles, How-To's, and Tips

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!