Cheap Apartments for Rent in the Lake Road Neighborhood of Milwaukie, OR from $800 (75 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Henley Place
Rent Specials
$1,445 - $3,204
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $3,204
Total Monthly Price
$1,445 - $3,204
Studio to 2 Bedroom Apartments Available Now

Henley Place

10306 SE Main StMilwaukie, OR 97222
Affordability
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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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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
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Seneca Terrace
2 Bedroom Apartments

Seneca Terrace

11802 SE Fuller RdMilwaukie, OR 97222
  • Utilities Included

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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North Main Village
1 to 2 Bedroom Apartments

North Main Village

10544 SE Main StMilwaukie, OR 97222
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Chestnut Place
1 to 2 Bedroom Apartments

Chestnut Place

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

15540 SE E Ave

15540 SE E AveMilwaukie, OR 97267
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The Village at Monroe
2 Bedroom Apartments

The Village at Monroe

7946 SE Monroe StMilwaukie, 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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Crystal Lake
1 to 2 Bedroom Apartments

Crystal Lake

10500 SE 26th AveMilwaukie, OR 97222
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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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Heatherbrae
1 to 3 Bedroom Apartments

Heatherbrae

10303 SE Bell AveMilwaukie, OR 97222
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Arista Townhomes
2 to 3 Bedroom Apartments

Arista Townhomes

14012-14026 SE Arista DrMilwaukie, OR 97267

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Lake Road, Milwaukie, OR Local Guide

Cheapest Available Lake Road Apartments for Rent

 

The cheapest available apartment rental in the Lake Road area of Portland, OR is a 1 Bed unit found at Hillside Manor priced from $835. Lake Village has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Lake Road apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hillside Manor1x11BR,1BA$835
Lake Village0x1Studio,1BA$1,075
Parkside HeightsStudioStudio,1BA$1,150
Dutch Village Apartments0BR/1.0BAStudio,1BA$1,185
Charbern Apartments1BR/1.0BA1BR,1BA$1,195
ReNew Johnson CreekJuniperStudio,1BA$1,249
Lake Crest ApartmentsStudioStudio,1BA$1,271
Overlook at the WillametteStudioStudio,1BA$1,275
Driftwood Terrace1x11BR,1BA$1,295
Park Hamlin - 2323 SE Harrison1BR/1.0BA1BR,1BA$1,295

Best Value Apartments for Rent in Lake Road, OR

As of July 07, 2026 the best value apartment in the Lake Road area is the $1.73 price per square foot 2bd/1.5Bth Model at Westview Townhomes in the in the Glenmorrie neighborhood starting from $1,750. The second greatest value Lake Road apartment is the Layout A 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 Lake Road apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Westview Townhomes2bd/1.5Bth2BR,1.5BA$1.73
River Cliff ApartmentsLayout A2BR,1BA$1.67
Willamette Townhouse2x12BR,1BA$1.74
Maple Grove Court2x12BR,1BA$1.88
7228 SE Wilshire Ct, Unit Wilshire cozy7228 SE Wilshire Ct1BR,1BA$1.83
Sunnyside Park Apartments2x12BR,1BA$1.68
Village Monroe Apartments2BR/1.0BA2BR,1BA$1.77
Bristol Court Apartments2 Bedroom 1 Bath2BR,1BA$1.88
Harmony Court Apartments2 Bed 1 Bath2BR,1BA$1.85
Charbern Apartments1BR/1.0BA1BR,1BA$1.87

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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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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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
Lake Road, Milwaukie, OR

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake Road, Milwaukie, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings 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 our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lake Road Apartments

What is a cheap apartment in Lake Road?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Road is under $1,295.

What is the price of a cheap apartment in Lake Road?

The cheapest apartment in Lake Road is Hillside Manor which is listed at $835, while the average apartment in Lake Road costs $1,995.

What types of apartments are the cheapest in Lake Road?

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 14 regular apartments in Lake Road 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 Lake Road?

Cheap apartments in Lake Road have an average cost of $204 which is $1,791 cheaper than the average rent for all rentals in Lake Road.

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.