Cheap Apartments for Rent in the Lake Road Neighborhood of Milwaukie, OR from $835 (79 Rentals)

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

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Lake Crest Apartments
Rent Specials
$1,271 - $1,868
Total Monthly Price

Total Monthly Price

Base Rent
$1,271 - $1,868
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Lake Crest Apartments

8106 SE Lake RdMilwaukie, OR 97267
Pet Friendly
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  • Low Income
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Henley Place
Rent Specials
$1,350 - $3,244
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,244
Total Monthly Price
$1,350 - $3,244
Studio to 2 Bedroom Apartments Available Now

Henley Place

10306 SE Main StMilwaukie, OR 97222
Eco-Friendly
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  • 3D Tour

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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12331 SE Whitcomb Dr., Unit #2
$1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495
2 Bedroom Apartment Available Sep 1

12331 SE Whitcomb Dr., Unit #2

12331 SE Whitcomb Dr.Milwaukie, OR 97222
Cost Per Sq.Ft.
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 3332 SE Harvey St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3332 SE Harvey St, Unit C

3332 SE Harvey St
MilwaukieOR97222
property at 4300 SE Mason Ln

$1,700 - $2,995

2 To 3 Bedroom Rentals

Available Now

4300 SE Mason Ln

MilwaukieOR97222
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The Heights Apartments
Rent Specials
$1,849 - $1,879
Total Monthly Price

Total Monthly Price

Base Rent
$1,849 - $1,879
Total Monthly Price
$1,849 - $1,879
2 Bedroom Apartments Available Now

The Heights Apartments

8057 SE Monroe StMilwaukie, OR 97222
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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

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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Seneca Terrace
2 Bedroom Apartments

Seneca Terrace

11802 SE Fuller RdMilwaukie, OR 97222
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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
  • Utilities Included

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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15540 SE E Ave
2 Bedroom Apartments

15540 SE E Ave

15540 SE E AveMilwaukie, OR 97267
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Heatherbrae
1 to 3 Bedroom Apartments

Heatherbrae

10303 SE Bell AveMilwaukie, OR 97222
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The Village at Monroe
2 Bedroom Apartments

The Village at Monroe

7946 SE Monroe StMilwaukie, OR 97222
  • Utilities Included
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Linden Terrace
2 Bedroom Apartments

Linden Terrace

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

Banbury Apartments

1651 SE Lava DrMilwaukie, OR 97222
  • Utilities Included

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

Apartment ListingModel NameBed/BathPriced From
Hillside Manor1x11BR,1BA$835
Parkside HeightsStudioStudio,1BA$1,050
ReNew Johnson CreekJuniperStudio,1BA$1,229
Dutch Village Apartments1x11BR,1BA$1,275
Overlook at the WillametteStudioStudio,1BA$1,290
Park Hamlin - 2323 SE Harrison1BR/1.0BA1BR,1BA$1,295
King Manor in Milwaukie1x11BR,1BA$1,300
Lake Crest ApartmentsA11BR,1BA$1,334
Henley PlaceThe MapleStudio,1BA$1,350
Axletree ApartmentsKELLOGG 1Studio,1BA$1,428

Best Value Apartments for Rent in Lake Road, OR

As of August 21, 2026 the best value apartment in the Lake Road area is the $1.67 price per square foot The Bluff Model at River Cliff Apartments in the in the Foothills neighborhood starting from $1,625. The second greatest value Lake Road apartment is the 3x1 Model at Driftwood Terrace starting at $1,795 with a $1.89 price per square foot in the Glenmorrie 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.
River Cliff ApartmentsThe Bluff2BR,1BA$1.67
Driftwood Terrace3x13BR,1BA$1.89
Charbern Apartments3BR/1.0BA3BR,1BA$1.86
Camille Court Apartments2 Bed 1 Bath2BR,1BA$1.65
Heritage Townhomes2 Bedrooms, 1 Bathroom2BR,1BA$1.89
Sunnyside Park Apartments2x12BR,1BA$1.68
Fuller Commons2BR/1.0BA2BR,1BA$1.91
Village Monroe Apartments2BR/1.0BA2BR,1BA$1.80
Harmony Court Apartments2 Bed 1 Bath2BR,1BA$1.85
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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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 $1,428.

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 $1,657.

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 11 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 $308 which is $1,349 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.

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