Cheap Homes for Rent in Lake Road Neighborhood of Milwaukie, OR from $1,300 (8 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 King Manor in Milwaukie priced from $1,200. Oak Grove Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here are the most affordable Lake Road apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
King Manor in Milwaukie1x11BR,1BA$1,200
Oak Grove Village Apartments1 Bed 1 Bath1BR,1BA$1,225
Lake Crest ApartmentsStudioStudio,1BA$1,235

Best Value Apartments for Rent in Lake Road, OR

As of August 04, 2025 the best value apartment in the Lake Road area is the $1.73 price per square foot Mint Model at Heirloom in the in the Southeast Portland neighborhood starting from $1,999. The second greatest value Lake Road apartment is the 3bd/1.5Bth Model at Westview Townhomes starting at $1,995 with a $1.79 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.
HeirloomMint2BR,2BA$1.73
Westview Townhomes3bd/1.5Bth3BR,1.5BA$1.79
Willamette Townhouse2x1.52BR,1.5BA$1.50
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Sunnyside Park Apartments2x22BR,2BA$1.67
Briarwood Townhomes2 Bedrooms, 1 Bathroom2BR,1BA$1.94
Heritage Townhomes2 Bedrooms, 1 Bathroom2BR,1BA$1.94
Driftwood Terrace Apartments2x12BR,1BA$1.78
Lake Village2x12BR,1BA$1.96
Clackamas Trails Apartments1 Bedroom 1 Bath1BR,1BA$1.97

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Frequently Asked Questions about Lake Road

What type of rentals are currently available in Lake Road?

There are currently 200 Apartments for Rent in Lake Road, OR with pricing that ranges from $1,200 to $5,550. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Road ranging from $1,395 to $5,800.

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 $5,800 with an average monthly rent of $2,489.

How much are larger Three and Four Bedroom Rentals in Lake Road?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Road range from $1,850 to $4,815, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,495 to $3,295. Four Bedroom Single-Family rentals are also available starting from $3,295 and Four Bedroom Apartments start at $3,295.

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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.