Cheap Homes for Rent in Lake Road Neighborhood of Milwaukie, OR from $1,000 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
Showing Results 1-7, Page 1 of 1

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 Studio unit found at ReNew Johnson Creek priced from $1,150. King Manor in Milwaukie has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Lake Road apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
ReNew Johnson CreekJuniperStudio,1BA$1,150
King Manor in Milwaukie1x11BR,1BA$1,200
Oak Grove Village Apartments1 Bed 1 Bath1BR,1BA$1,225

Best Value Apartments for Rent in Lake Road, OR

As of November 15, 2025 the best value apartment in the Lake Road area is the $2.00 price per square foot 6336 SE Cedarcrest Dr Model at 6336 SE Cedarcrest Dr, Unit A in the in the Historic Milwaukie neighborhood starting from $2,400. The second greatest value Lake Road apartment is the 2x1.5 Model at Willamette Townhouse starting at $1,650 with a $1.50 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 ListingModel NameBed/BathPrice Per Sq.Ft.
6336 SE Cedarcrest Dr, Unit A6336 SE Cedarcrest Dr3BR,1.5BA$2.00
Willamette Townhouse2x1.52BR,1.5BA$1.50
Briarwood Townhomes2 Bedrooms, 1 Bathroom2BR,1BA$1.94
Concord CrossingTwo Bedroom & One Bath2BR,1BA$1.88
Sunnyside Park Apartments2x12BR,1BA$1.62
Village Monroe Apartments2x12BR,1BA$1.83
Harmony Court Apartments2 Bed 1 Bath2BR,1BA$1.85
Lake Village2x12BR,1BA$1.96
Clackamas Trails Apartments1 Bedroom 1 Bath1BR,1BA$1.95
Tara West Apartments1 Bedroom / 1.0 Bath1BR,1BA$1.84

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 Article
Decorative image

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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lake Road, Milwaukie, OR

Ranked #8

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Lake Road, Milwaukie, OR

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 195 Apartments for Rent in Lake Road, OR with pricing that ranges from $995 to $4,600. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Road ranging from $1,095 to $4,495.

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 $1,095 to $4,495 with an average monthly rent of $2,107.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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 Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.