
Cheap Homes for Rent in the Lake Road Neighborhood of Milwaukie, OR from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Road area of Milwaukie.


8590 SE 72nd Ave

13030 SE Rusk Rd, Unit 13A
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.

3025 SE Maple St

3287 SE Maple St

13455 SE Oatfield Rd
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.

14020 SE Arista Dr
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 | $2,058 | $1,395 | $2,800 |
| Lake Road 3 Bedroom Homes for Rent | $3,022 | $2,395 | $5,099 |
| Lake Road 4 Bedroom Homes for Rent | $5,697 | $3,495 | $10,000+ |
| Lake Road 5 Bedroom Homes for Rent | $4,095 | $3,995 | $4,195 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillside Manor | 1x1 | 1BR,1BA | $835 |
| Lake Village | 0x1 | Studio,1BA | $1,075 |
| Parkside Heights | Studio | Studio,1BA | $1,150 |
Best Value Apartments for Rent in Lake Road, OR
As of July 09, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Westview Townhomes | 2bd/1.5Bth | 2BR,1.5BA | $1.73 |
| River Cliff Apartments | Layout A | 2BR,1BA | $1.67 |
| Willamette Townhouse | 2x1 | 2BR,1BA | $1.74 |
| Heritage Townhomes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1.89 |
| 7228 SE Wilshire Ct, Unit Wilshire cozy | 7228 SE Wilshire Ct | 1BR,1BA | $1.83 |
| Sunnyside Park Apartments | 2x1 | 2BR,1BA | $1.68 |
| Fuller Commons | 2BR/1.0BA | 2BR,1BA | $1.91 |
| Village Monroe Apartments | 2BR/1.0BA | 2BR,1BA | $1.77 |
| Bristol Court Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.88 |
| Harmony Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.79 |
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 ArticleReal 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.
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 LifestyleLake Road, Milwaukie, OR
Ranked #7
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lake Road, Milwaukie, OR
Milwaukie Elementary School
School data provided by Great Schools
Frequently Asked Questions about Lake Road
What type of rentals are currently available in Lake Road?
There are currently 197 Apartments for Rent in Lake Road, OR with pricing that ranges from $1,075 to $3,495. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Road ranging from $1,395 to $12,000.
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 $1,395 to $12,000 with an average monthly rent of $3,718.
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.

From Arts to Eats: A Local Insider's 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

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.

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.

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.

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.