8430-8432 SE 60th Ave
PortlandOR97206
Cheap Homes for Rent in Island Station Neighborhood of Milwaukie, OR from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Station area of Milwaukie.
2739 SE Chestnut St
PortlandOR97267
2721 SE Chestnut St
Oak GroveOR97267
13455 SE Oatfield Rd
Oak GroveOR97222
15077 SE East Ave
MilwaukieOR97267
4200 SE Harvey St
MilwaukieOR97222
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
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Island Station, Milwaukie, OR Local Guide
How much does it cost to rent a home in Island Station?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Station 2 Bedroom Homes for Rent | $1,663 | $1,450 | $2,600 |
| Island Station 3 Bedroom Homes for Rent | $2,640 | $2,345 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Island Station Neighborhood of Milwaukie, OR.
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Island Station, Milwaukie, OR Local Guide
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Cheapest Available Island Station Apartments for Rent
The cheapest available apartment rental in the Island Station area of Portland, OR is a Studio unit found at Lake Village priced from $1,100. Sellwood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here are the most affordable Island Station apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Village | 0x1 | Studio,1BA | $1,100 |
| Sellwood Apartments | Studio A | Studio,1BA | $1,175 |
| tenin01 | 0BR/1.0BA | Studio,1BA | $1,225 |
Best Value Apartments for Rent in Island Station, OR
As of April 12, 2025 the best value apartment in the Island Station area is the $2.10 price per square foot 3x3.5 Model at Steeple Townhomes in the in the Southeast Portland neighborhood starting from $3,295. The second greatest value Island Station apartment is the 2 Bed 2 Bath Model at Oswego Pointe starting at $2,438 with a $1.89 price per square foot in the Glenmorrie neighborhood. Here is today’s list of the best values for Island Station apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Steeple Townhomes | 3x3.5 | 3BR,3.5BA | $2.10 |
| Oswego Pointe | 2 Bed 2 Bath | 2BR,2BA | $1.89 |
| Waverley & Stuart Hall | Plan C | 2BR,2BA | $1.65 |
| River Cliff Apartments | Layout B | 2BR,1BA | $1.45 |
| Images Springcreek Apartments | 2BR/1.0BA | 2BR,1BA | $1.77 |
| Sunnyside Park Apartments | 2x1 | 2BR,1BA | $1.68 |
| Park Hamlin - 2323 SE Harrison | 2BR/1.0BA | 2BR,1BA | $2.32 |
| The Morgan | The Morgan PDX C | 1BR,1BA | $2.33 |
| Banbury Apartments | One Bedroom/A | 1BR,1BA | $2.35 |
| Overlook at the Willamette | Studio | Studio ,1BA | $2.33 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Island Station
What type of rentals are currently available in Island Station?
There are currently 193 Apartments for Rent in Island Station, OR with pricing that ranges from $1,175 to $7,605. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Station ranging from $1,195 to $2,900.
What is the current price range for Rental Homes in Island Station?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island Station ranges from $1,195 to $2,900 with an average monthly rent of $1,883.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.