Cheap Homes for Rent in Lake Road Neighborhood of Milwaukie, OR from $1,400 (8 Rentals)

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

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 King Manor in Milwaukie priced from $1,095. 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 MilwaukieStudioStudio,1BA$1,095
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 September 19, 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 $1,695 with a $1.54 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$1.54
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Heritage Townhomes2 Bedrooms, 1 Bathroom2BR,1BA$1.78
Briarwood Townhomes2 Bedrooms, 1 Bathroom2BR,1BA$1.94
Maple Grove Court2x12BR,1BA$1.77
Clackamas Trails Apartments2 Bedroom 2 Bath2BR,2BA$1.99
Sunnyside Park Apartments2x12BR,1BA$1.69
Harmony Court Apartments2 Bed 1 Bath2BR,1BA$1.85
Driftwood Terrace2x12BR,1BA$1.87

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Pet Friendly Lifestyle
Lake Road, Milwaukie, OR

Ranked #8

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Lake Road

What type of rentals are currently available in Lake Road?

There are currently 199 Apartments for Rent in Lake Road, OR with pricing that ranges from $1,095 to $5,550. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Road ranging from $1,495 to $3,700.

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 $1,495 to $3,700 with an average monthly rent of $2,471.

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 $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,395 to $3,025. Four Bedroom Single-Family rentals are also available starting from $2,959 and Four Bedroom Apartments start at $3,095.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.