Cheap Apartments for Rent in the Island Station Neighborhood of Milwaukie, OR from $700 (54 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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Driftwood Terrace
Studio to 3 Bedroom Apartments

Driftwood Terrace

13455 SE Oatfield RdMilwaukie, OR 97222
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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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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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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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Maple Grove Court
2 Bedroom Apartments

Maple Grove Court

3025 SE Maple StMilwaukie, OR 97267
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Oak Grove Terraces
2 Bedroom Apartments

Oak Grove Terraces

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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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.

property at 50 Northshore Rd

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

Studio, 1 Bath Home for Rent

Available Now

50 Northshore Rd

Lake OswegoOR97034

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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
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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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Moreland Crossing
Studio to 2 Bedroom Apartments

Moreland Crossing

8150 SE 23rd 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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Wheel House Lofts
Studio to 1 Bedroom Apartments

Wheel House Lofts

8130 SE 6th AvePortland, OR 97202
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Forest Ridge
1 to 4 Bedroom Apartments

Forest Ridge

12600 SE River Rd SPortland, OR 97222

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.

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 $1,175. Moreland Crossing has the second lowest priced unit, which is a Studio apartment currently listed from $1,215. Here are the most affordable Island Station apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Sellwood Apartments1x1 4501BR,1BA$1,175
Moreland CrossingStudio AStudio,1BA$1,215
Dutch Village Apartments0x1Studio,1BA$1,250
The MorganThe Morgan PDX StudioStudio,1BA$1,279
tenin011BR/1.0BA1BR,1BA$1,295
Axletree Apartments - City Vibes, Small Town SoulKELLOGG 1Studio,1BA$1,328
Miramonte LodgeMorrisonStudio,1BA$1,345
Lake Village and Lakewood Apartments2 X 12BR,1BA$1,425
Uptown at Lake Oswego(258) 1 Bedroom (#51-#1 thru #55-5, #60-10 thru...1BR,1BA$1,450

Best Value Apartments for Rent in Island Station, OR

As of March 16, 2026 the best value apartment in the Island Station area is the $2.36 price per square foot 14813 SE Arista Dr Model at 14813 SE Arista Dr, Unit 14813 in the in the Glenmorrie neighborhood starting from $2,495. The second greatest value Island Station apartment is the 2BR/1.0BA Model at Images Springcreek Apartments starting at $2,075 with a $2.05 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.
14813 SE Arista Dr, Unit 1481314813 SE Arista Dr3BR,2BA$2.36
Images Springcreek Apartments2BR/1.0BA2BR,1BA$2.05
Village Monroe Apartments2x1 Galley Kitchen2BR,1BA$1.74
Overlook at the WillametteTwo Bedroom2BR,1BA$2.38
Lake Village and Lakewood Apartments2x12BR,1BA$1.99
Concord CrossingOne Bedroom & One Bath1BR,1BA$2.39
Seven AcresBlueblossom - Bldg 11BR,1BA$2.77
Uptown at Lake Oswego(258) 1 Bedroom (#51-#1 thru #55-5, #60-10 thru...1BR,1BA$2.59
Moreland CrossingStudio AStudio ,1BA$2.24
Dutch Village Apartments0x1Studio ,1BA$2.78

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 Lifestyle
Island Station, Milwaukie, OR

Ranked #10

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 a cheap apartment in Island Station?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Island Station is under $1,450.

What is the price of a cheap apartment in Island Station?

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

What types of apartments are the cheapest in Island Station?

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 11 regular apartments in Island Station 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 Island Station?

Cheap apartments in Island Station have an average cost of $231 which is $2,668 cheaper than the average rent for all rentals in Island Station.

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.

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From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.