
Cheap Homes for Rent in Lake Road Neighborhood of Milwaukie, OR from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Road area of Milwaukie.


1500 SE Eastwood Ct

1500 SE Eastwood Ct
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.

8843 SE 15th Pl

12107 SE 37th Ave

7761 SE Otty 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.
Lake Road, Milwaukie, OR Local Guide

How much does it cost to rent a home in Lake Road?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Road 2 Bedroom Homes for Rent | $1,795 | $1,695 | $1,895 |
Lake Road 3 Bedroom Homes for Rent | $2,841 | $2,250 | $3,400 |
Lake Road 4 Bedroom Homes for Rent | $5,000 | $3,000 | $7,000 |
Lake Road 5 Bedroom Homes for Rent | $660 | $660 | $660 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Lake Road Neighborhood of Milwaukie, OR.
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Lake Road, Milwaukie, OR Local Guide
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Cheapest Available Lake Road Apartments for Rent
 The cheapest available apartment rental in the Lake Road area of Portland, OR is a Studio unit found at Lake Village priced from $1,075. Crestview Heights Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Lake Road apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Village | 0x1 | Studio,1BA | $1,075 |
Crestview Heights Apartments | Studio | Studio,1BA | $1,150 |
King Manor in Milwaukie | 1x1 | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Lake Road, OR
As of June 01, 2025 the best value apartment in the Lake Road area is the $1.65 price per square foot Plan C Model at Waverley & Stuart Hall in the in the Eastmoreland neighborhood starting from $2,120. The second greatest value Lake Road apartment is the 2x1.5 Model at Willamette Townhouse starting at $1,750 with a $1.59 price per square foot in the Eastmoreland neighborhood. Here is today’s list of the best values for Lake Road apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Waverley & Stuart Hall | Plan C | 2BR,2BA | $1.65 |
Willamette Townhouse | 2x1.5 | 2BR,1.5BA | $1.59 |
Westview Townhomes | 2bd/1.5Bth | 2BR,1.5BA | $1.73 |
Tara West Apartments | 2 Bedroom / 1.0 Bath townhome | 2BR,1.5BA | $1.59 |
Sunnyside Park Apartments | 2x2 | 2BR,2BA | $1.67 |
River Cliff Apartments | Layout A | 2BR,1BA | $1.59 |
Fuller Commons | 2 bed 1 bath | 2BR,1BA | $1.85 |
Harmony Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.85 |
Bristol Court Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.73 |
King Road Apartments | 2X1 | 2BR,1BA | $1.73 |
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.
Frequently Asked Questions about Lake Road
What type of rentals are currently available in Lake Road?
There are currently 194 Apartments for Rent in Lake Road, OR with pricing that ranges from $1,075 to $7,358. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Road ranging from $660 to $7,000.
What is the current price range for Rental Homes in Lake Road?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Road ranges from $660 to $7,000 with an average monthly rent of $2,130.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.