
Cheap Apartments for Rent in the Lake Road Neighborhood of Milwaukie, OR from $1,000 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Road area of Milwaukie.


11850 SE 26th Ave

Miramonte Lodge

King Manor in Milwaukie

Driftwood Terrace Apartments

Charbern Apartments

Overlook at the Willamette

Axletree Apartments

11355 SE 27th Ave

Henley Place
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Bristol Court Apartments

Seven Acres

Concord Crossing

Banbury Apartments

2507 SE Monroe St

River Cliff Apartments

Fuller Commons
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Lake Village

1111 SE Tenino St
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

1111 SE Tenino St

3224 SE Rockwood St, Unit 3224

1111 SE Tenino St

Holm at Sellwood

Sunnyside Park Apartments

Clackamas Trails Apartments

1111 SE Tenino St

Cherry Park Apartments - NK-2717M

Heirloom
Lake Road, Milwaukie, OR Local Guide

How much does it cost to rent an apartment in Lake Road?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Road Studio Apartments | $1,375 | $1,075 | $1,694 |
Lake Road 1 Bedroom Apartments | $1,788 | $1,275 | $3,700 |
Lake Road 2 Bedroom Apartments | $2,241 | $1,325 | $5,550 |
Lake Road 3 Bedroom Apartments | $2,874 | $1,895 | $7,358 |
Browse Apartments in this Neighborhood
There are currently 57 rentals with your search options within a 2 mile radius of the Lake Road Neighborhood of Milwaukie, OR.
See all Apartments in MilwaukieExplore Milwaukie
Lake Road, Milwaukie, OR Local Guide
- Nearby Milwaukie neighborhoods
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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 Studio unit found at Lake Village priced from $1,075. Crestview Heights Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Lake Road apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Village | 0x1 | Studio,1BA | $1,075 |
Crestview Heights Apartments | Studio | Studio,1BA | $1,150 |
Miramonte Lodge | Morrison | Studio,1BA | $1,245 |
King Manor in Milwaukie | 1x1 | 1BR,1BA | $1,275 |
Lake Crest Apartments | A1 | 1BR,1BA | $1,291 |
Driftwood Terrace Apartments | Studio | Studio,1BA | $1,295 |
Overlook at the Willamette | Studio | Studio,1BA | $1,325 |
Dutch Village Apartments | 1x1 | 1BR,1BA | $1,350 |
Axletree Apartments | Kellogg | Studio,1BA | $1,353 |
Best Value Apartments for Rent in Lake Road, OR
As of May 15, 2025 the best value apartment in the Lake Road area is the $1.59 price per square foot 2x1.5 Model at Willamette Townhouse in the in the Eastmoreland neighborhood starting from $1,750. The second greatest value Lake Road apartment is the 2 Bedroom / 1.0 Bath townhome Model at Tara West Apartments starting at $1,600 with a $1.59 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Willamette Townhouse | 2x1.5 | 2BR,1.5BA | $1.59 |
Tara West Apartments | 2 Bedroom / 1.0 Bath townhome | 2BR,1.5BA | $1.59 |
Sunnyside Park Apartments | 2x2 | 2BR,2BA | $1.67 |
River Cliff Apartments | Layout A | 2BR,1BA | $1.59 |
Briarwood Townhomes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.05 |
Cherry Park Apartments - NK-2717M | 2X1 Ground | 2BR,1BA | $1.71 |
Fuller Commons | 2 bed 1 bath | 2BR,1BA | $1.85 |
Harmony Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.85 |
Bristol Court Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.73 |
Concord Crossing | One Bedroom & One Bath | 1BR,1BA | $2.07 |
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.
Pet Friendly LifestyleLake Road, Milwaukie, OR
Ranked #7
Among neighborhoods in Milwaukie, OR 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
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States and customized analysis for Southern Portland, OR. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Lake Road Neighborhood in Milwaukie, OR
Walk Score®
55 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
61 / 100
Bikeable
Some bike infrastructure
Transit Score®
32 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lake Road Apartments
What is a cheap apartment in Lake Road?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Road is under $1,353.
What is the price of a cheap apartment in Lake Road?
The cheapest apartment in Lake Road is Lake Village which is listed at $1,275, while the average apartment in Lake Road costs $2,629.
What types of apartments are the cheapest in Lake Road?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Lake Road that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Road?
Cheap apartments in Lake Road have an average cost of $189 which is $2,440 cheaper than the average rent for all rentals in Lake Road.
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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