
Cheap Apartments for Rent in the Island Station Neighborhood of Milwaukie, OR from $800 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island Station area of Milwaukie.


Overlook at the Willamette

North Main Village

Henley Place

Axletree Apartments - City Vibes, Small Town Soul

4789 SE Ada Ln

Concord Crossing

12331 SE Whitcomb Dr., Unit #2
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.
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

Sellwood Apartments
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.

608 SE Tacoma St

The Morgan

Lake Village

Holm at Sellwood

Cherry Park Apartments - NK-2717M

477-479 6th St
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.
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

How much does it cost to rent an apartment in Island Station?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Station Studio Apartments | $1,312 | $1,100 | $1,510 |
| Island Station 1 Bedroom Apartments | $1,690 | $995 | $3,700 |
| Island Station 2 Bedroom Apartments | $2,231 | $1,450 | $5,305 |
| Island Station 3 Bedroom Apartments | $2,973 | $1,695 | $6,005 |
Browse Apartments in this Neighborhood
There are currently 43 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
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sellwood Apartments | Studio A | 1BR,1BA | $1,100 |
| Miramonte Lodge | Morrison | Studio,1BA | $1,170 |
| The Morgan | The Morgan PDX Studio | Studio,1BA | $1,212 |
| Oak Grove Village Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,225 |
| Lake Village | 1x1 | 1BR,1BA | $1,250 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,290 |
| North Main Village | 1 Bed 1 Bath | 1BR,1BA | $1,291 |
| Moreland Crossing | Studio A | Studio,1BA | $1,299 |
| Henley Place | The Maple | Studio,1BA | $1,330 |
| Axletree Apartments - City Vibes, Small Town Soul | LEWELLING 1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willamette Townhouse | 2x1.5 | 2BR,1.5BA | $1.54 |
| Images Springcreek Apartments | 2BR/1.0BA | 2BR,1BA | $1.84 |
| Tara West Apartments | 2 Bedroom / 1.0 Bath townhome | 2BR,1.5BA | $1.59 |
| Cherry Park Apartments - NK-2717M | 2x1 Top Floor | 2BR,1BA | $1.53 |
| 12331 SE Whitcomb Dr., Unit #2 | 12331 SE Whitcomb Dr. | 2BR,1.5BA | $1.66 |
| Village Monroe Apartments | 2 X 1 w/laundry in kitchen | 2BR,1BA | $1.77 |
| Oak Grove Terraces | 2 bed 1 bath upper | 2BR,1BA | $2.05 |
| Concord Crossing | One Bedroom & One Bath | 1BR,1BA | $2.01 |
| North Main Village | 1 Bed 1 Bath | 1BR,1BA | $2.08 |
| Lake Village | 1x1 | 1BR,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.
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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleIsland Station, Milwaukie, OR
Ranked #9
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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!
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

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.

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.

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

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.

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.

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!


























