Cheap Apartments for Rent in the Island Station Neighborhood of Milwaukie, OR from $800 (43 Rentals)

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

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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Stanford
1 to 2 Bedroom Apartments

Stanford

2013 SE Courtney RdMilwaukie, OR 97222
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Shorewood Terrace
1 to 2 Bedroom Apartments

Shorewood Terrace

11233 SE 27th AveMilwaukie, OR 97222
  • Utilities Included

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.

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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

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.

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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Northshore Apartments
Studio to 3 Bedroom Apartments

Northshore Apartments

50 Northshore RdLake Oswego, OR 97034
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Courtney Square
Studio to 3 Bedroom Apartments

Courtney Square

2660 SE Courtney RdPortland, OR 97222
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Tenino Terrace
1 to 2 Bedroom Apartments

Tenino Terrace

2405 SE Umatilla StPortland, OR 97202
  • Utilities Included
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The Sellina
Studio to 1 Bedroom Apartments

The Sellina

1717 SE Tenino StPortland, OR 97202
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Wheelhouse Lofts 2
Studio to 1 Bedroom Apartments

Wheelhouse Lofts 2

8124 SE 6th AvePortland, OR 97202
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Wheel House Lofts
Studio to 1 Bedroom Apartments

Wheel House Lofts

8130 SE 6th AvePortland, OR 97202
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Dutch Village Apartments
Studio to 1 Bedroom Apartments

Dutch Village Apartments

11345 SE 27th AvePortland, OR 97222
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Moreland Crossing
Studio to 2 Bedroom Apartments

Moreland Crossing

8150 SE 23rd AvePortland, OR 97202

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Forest Ridge
1 to 4 Bedroom Apartments

Forest Ridge

12600 SE River Rd SPortland, OR 97222
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Waverly Surf
1 to 2 Bedroom Apartments

Waverly Surf

602-764 SE Linn StPortland, OR 97202

Island Station, Milwaukie, OR Local Guide

Cheapest Available Island Station Apartments for Rent

 

The cheapest available apartment rental in the Island Station area of Portland, OR is a 1 Bed unit found at Sellwood Apartments priced from $1,100. Miramonte Lodge has the second lowest priced unit, which is a Studio apartment currently listed from $1,170. Here are the most affordable Island Station apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Sellwood ApartmentsStudio A1BR,1BA$1,100
Miramonte LodgeMorrisonStudio,1BA$1,170
The MorganThe Morgan PDX StudioStudio,1BA$1,212
Oak Grove Village Apartments1 Bed 1 Bath1BR,1BA$1,225
Lake Village1x11BR,1BA$1,250
Overlook at the WillametteStudioStudio,1BA$1,290
North Main Village1 Bed 1 Bath1BR,1BA$1,291
Moreland CrossingStudio AStudio,1BA$1,299
Henley PlaceThe MapleStudio,1BA$1,330
Axletree Apartments - City Vibes, Small Town SoulLEWELLING 11BR,1BA$1,345

Best Value Apartments for Rent in Island Station, OR

As of December 25, 2025 the best value apartment in the Island Station area is the $1.54 price per square foot 2x1.5 Model at Willamette Townhouse in the in the Eastmoreland neighborhood starting from $1,695. The second greatest value Island Station apartment is the 2BR/1.0BA Model at Images Springcreek Apartments starting at $1,870 with a $1.84 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Willamette Townhouse2x1.52BR,1.5BA$1.54
Images Springcreek Apartments2BR/1.0BA2BR,1BA$1.84
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Cherry Park Apartments - NK-2717M2x1 Top Floor2BR,1BA$1.53
12331 SE Whitcomb Dr., Unit #212331 SE Whitcomb Dr.2BR,1.5BA$1.66
Village Monroe Apartments2 X 1 w/laundry in kitchen2BR,1BA$1.77
Oak Grove Terraces2 bed 1 bath upper2BR,1BA$2.05
Concord CrossingOne Bedroom & One Bath1BR,1BA$2.01
North Main Village1 Bed 1 Bath1BR,1BA$2.08
Lake Village1x11BR,1BA$2.12

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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Pet Friendly Lifestyle
Island Station, Milwaukie, OR

Ranked #9

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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!

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 Sellwood Apartments listed at $1,100.

How much is rent for a Cheap One Bedroom Island Station Apartment?

The lowest price for a Cheap One Bedroom Island Station Apartment is $1,100 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.

What is the most affordable Island Station Three Bedroom Apartment?

The best deal on a cheap Island Station Three Bedroom Apartment rental is at Seven Acres and starts from $2,599.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!