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Cheap Homes for Rent in Island Station Neighborhood of Milwaukie, OR from $1,400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Station area of Milwaukie.
5804 SE Kellogg Creek Dr
MilwaukieOR97222
3510 SE Sherry Ln
MilwaukieOR97222
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3434 SE King Rd
PortlandOR97222
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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12600 SE Freeman Way
MilwaukieOR97222
15037 SE East Ave
Oak GroveOR97267
13631 SE Oatfield Rd
PortlandOR97222
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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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Island Station, Milwaukie, OR Local Guide
How much does it cost to rent a home in Island Station?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Station 2 Bedroom Homes for Rent | $2,163 | $1,445 | $3,000 |
| Island Station 3 Bedroom Homes for Rent | $2,939 | $2,025 | $5,250 |
| Island Station 4 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Island Station Neighborhood of Milwaukie, OR.
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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 |
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.
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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.
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.
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Pet Friendly LifestyleIsland Station, Milwaukie, OR
Ranked #9
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Island Station, Milwaukie, OR
School data provided by Great Schools
Frequently Asked Questions about Island Station
What type of rentals are currently available in Island Station?
There are currently 191 Apartments for Rent in Island Station, OR with pricing that ranges from $995 to $6,005. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Station ranging from $1,445 to $6,500.
What is the current price range for Rental Homes in Island Station?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island Station ranges from $1,445 to $6,500 with an average monthly rent of $3,261.
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!