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Cheap Apartments for Rent in the Island Station Neighborhood of Milwaukie, OR from $800 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island Station area of Milwaukie.
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$1,280 - $1,854Studio to 3 Bedroom Apartments Available Now
Overlook at the Willamette
12601 SE River RdMilwaukie, OR 97222
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Rent Specials
$1,360 - $3,087Studio to 2 Bedroom Apartments Available Now
Henley Place
10306 SE Main StMilwaukie, OR 97222
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$1,374 - $1,760Studio to 1 Bedroom Apartments Available Now
Axletree Apartments
11125 SE 21st StMilwaukie, OR 97222
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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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15028 SE Arista Dr
PortlandOR97267
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.
15030 SE Arista Dr
PortlandOR97267
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$1,110 - $2,371Studio to 2 Bedroom Apartments Available Now
The Morgan
1650 SE Tacoma StPortland, OR 97202
50 Northshore Rd
Lake OswegoOR97034
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$1,150 - $1,2501 Bedroom Apartments Available Now
Sellwood Apartments
1721 SE Tacoma StPortland, OR 97202
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3327 SE Maple St
PortlandOR97267
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Rent Specials
$1,399 - $2,225Studio to 2 Bedroom Apartments Available Now
Holm at Sellwood
8220 SE 6th AvePortland, OR 97202
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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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The Art of the Rental Viewing: What to look for during a property tour
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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Showing Results 1-34, Page 1 of 1
Island Station, Milwaukie, OR Local Guide
How much does it cost to rent an apartment in Island Station?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Station Studio Apartments | $1,366 | $1,095 | $1,480 |
| Island Station 1 Bedroom Apartments | $1,700 | $995 | $3,245 |
| Island Station 2 Bedroom Apartments | $2,398 | $1,395 | $5,633 |
| Island Station 3 Bedroom Apartments | $2,573 | $2,100 | $2,899 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Island Station Neighborhood of Milwaukie, OR.
See all Apartments in MilwaukieExplore Milwaukie
Island Station, Milwaukie, OR Local Guide
- Nearby Milwaukie neighborhoods
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Cheapest Available Island Station Apartments for Rent
The cheapest available apartment rental in the Island Station area of Portland, OR is a Studio unit found at The Morgan priced from $1,110. Sellwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Island Station apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Morgan | The Morgan PDX Studio | Studio,1BA | $1,110 |
| Sellwood Apartments | 1BR/1.0BA | 1BR,1BA | $1,150 |
| Oak Grove Village Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,225 |
| Tara West Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1,250 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,290 |
| Park Hamlin - 2323 SE Harrison | 1BR/1.0BA | 1BR,1BA | $1,295 |
| Moreland Crossing | Studio A | Studio,1BA | $1,310 |
| Henley Place | The Maple | Studio,1BA | $1,360 |
| Axletree Apartments | KELLOGG 1 | Studio,1BA | $1,395 |
| Holm at Sellwood | Studio A | Studio,1BA | $1,399 |
Best Value Apartments for Rent in Island Station, OR
As of November 10, 2025 the best value apartment in the Island Station area is the $1.50 price per square foot 2x1.5 Model at Willamette Townhouse in the in the Eastmoreland neighborhood starting from $1,650. The second greatest value Island Station apartment is the 2 Bed 1 Bath Model at Camille Court Apartments starting at $1,550 with a $1.64 price per square foot in the Eastmoreland neighborhood. Here is today’s list of the best values for Island Station apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willamette Townhouse | 2x1.5 | 2BR,1.5BA | $1.50 |
| Camille Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.64 |
| Village Monroe Apartments | 2x1 | 2BR,1BA | $1.83 |
| Lake Village | 2x1 | 2BR,1BA | $1.96 |
| Concord Crossing | One Bedroom & One Bath | 1BR,1BA | $2.01 |
| Images Springcreek Apartments | 1BR/1.0BA | 1BR,1BA | $2.39 |
| Overlook at the Willamette | One Bedroom | 1BR,1BA | $2.45 |
| Tara West Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1.84 |
| Banbury Apartments | One Bedroom/A | 1BR,1BA | $2.35 |
| Moreland Crossing | Studio B | Studio ,1BA | $2.47 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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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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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Pet Friendly LifestyleIsland Station, Milwaukie, OR
Ranked #10
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Island Station, Milwaukie, OR
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States and customized analysis for Southern Portland, OR. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Island Station Neighborhood in Milwaukie, OR
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
59 / 100
Bikeable
Some bike infrastructure
Transit Score®
51 / 100
Good Transit
Many nearby public transportation options
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 Island Station Apartments
What is the Cheapest Studio apartment in Island Station?
Currently the most affordable Cheap Studio Apartment in Island Station is at The Morgan listed at $1,110.
How much is rent for a Cheap One Bedroom Island Station Apartment?
The lowest price for a Cheap One Bedroom Island Station Apartment is $1,150 at Sellwood Apartments.
What is the lowest price for a Cheap Two Bedroom Island Station Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Island Station is starting from $1,450 at Lake Village.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.