Cheap Apartments for Rent in the Island Station Neighborhood of Milwaukie, OR from $835 (78 Rentals)

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

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Henley Place
Rent Specials
$1,350 - $3,874

Total Monthly Price

Base Rent$1,350 - $3,874
Total Monthly Price$1,350 - $3,874
Studio to 2 Bedroom Apartments Available Now

Henley Place

10306 SE Main StMilwaukie, OR 97222
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Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Hillside Manor
1 to 2 Bedroom Apartments

Hillside Manor

10244 SE D StMilwaukie, OR 97222
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Stanford
1 to 2 Bedroom Apartments

Stanford

2013 SE Courtney RdMilwaukie, OR 97222

Rent According to Income: A Look at Income-Restricted Rentals

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North Main Village
1 to 2 Bedroom Apartments

North Main Village

10544 SE Main StMilwaukie, 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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Chestnut Place
1 to 2 Bedroom Apartments

Chestnut Place

12106 SE Lake RdMilwaukie, OR 97222
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15540 SE E Ave
2 Bedroom Apartments

15540 SE E Ave

15540 SE E AveMilwaukie, OR 97267
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Markee Meadows
2 Bedroom Apartments

Markee Meadows

15500-15538 SE East AveMilwaukie, OR 97267

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Linden Terrace
2 Bedroom Apartments

Linden Terrace

13306 SE Linden LnMilwaukie, OR 97222
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Banbury Apartments
Studio to 2 Bedroom Apartments

Banbury Apartments

1651 SE Lava DrMilwaukie, OR 97222
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Maple Grove Court
2 Bedroom Apartments

Maple Grove Court

3025 SE Maple StMilwaukie, OR 97267
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Driftwood Terrace
Studio to 3 Bedroom Apartments

Driftwood Terrace

13455 SE Oatfield RdMilwaukie, OR 97222
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Arista Townhomes
2 to 3 Bedroom Apartments

Arista Townhomes

14012-14026 SE Arista DrMilwaukie, OR 97267
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Manor Court
2 Bedroom Apartments

Manor Court

13214 SE River RdMilwaukie, OR 97222

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 50 Northshore Rd
$1,395

Total Monthly Price

Base Rent$1,395
Total Monthly Price$1,395
Studio, 1 Bath Home for Rent
Available Now
Affordability

50 Northshore Rd

Lake OswegoOR97034

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Showing Results 1-50, Page 1 of 2

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 Hillside Manor priced from $835. Parkside Heights has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Island Station apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hillside Manor1x11BR,1BA$835
Parkside HeightsStudioStudio,1BA$1,050
Sellwood ApartmentsAlcove Studio 490Studio,1BA$1,250
Overlook at the WillametteStudioStudio,1BA$1,290
North Main Village1 Bed 1 Bath1BR,1BA$1,329
The MorganThe Morgan PDX StudioStudio,1BA$1,340
Henley PlaceThe MapleStudio,1BA$1,350
Sellwood 5 Plex1BR/1.0BA1BR,1BA$1,395
Park Hamlin - 2323 SE Harrison1BR/1.0BA1BR,1BA$1,395
The Milwaukian1 Bedroom1BR,1BA$1,395

Best Value Apartments for Rent in Island Station, OR

As of September 13, 2026 the best value apartment in the Island Station area is the $1.59 price per square foot 2x1.5 Model at Willamette Townhouse in the in the Eastmoreland neighborhood starting from $1,750. The second greatest value Island Station apartment is the The Bluff Model at River Cliff Apartments starting at $1,625 with a $1.67 price per square foot in the Foothills 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$1.59
River Cliff ApartmentsThe Bluff2BR,1BA$1.67
Arista Townhomes2 Beds, 1.5 Baths2BR,1.5BA$1.91
Camille Court Apartments2 Bed 1 Bath2BR,1BA$1.59
#363 BROOKWOOD APARTMENTSOne-bedroom1BR,1BA$1.77
Markee Meadows2BR/1.5BA2BR,1.5BA$1.66
Village Monroe Apartments2 X 1 w/laundry in kitchen2BR,1BA$1.74
Lake Village and Lakewood Apartments2 X 1 updated kitchen cabinets2BR,1BA$2.03
Sellwood 5 Plex1BR/1.0BA1BR,1BA$2.02
Hillside Manor1x11BR,1BA$1.65

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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

3.5
Pet Friendly

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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!

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 Parkside Heights listed at $1,050.

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

The lowest price for a Cheap One Bedroom Island Station Apartment is $835 at Hillside Manor.

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 and Lakewood Apartments.

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.

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