Cheap Apartments for Rent in the Lake Road Neighborhood of Milwaukie, OR from $1,000 (54 Rentals)

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Cheap Apartments in the Lake Road area of Milwaukie.

Navigating the Rental Market: Tips for First-Time Renters

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Seneca Terrace
2 Bedroom Apartments

Seneca Terrace

11802 SE Fuller RdMilwaukie, OR 97222
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Stanford
2 Bedroom Apartments

Stanford

2013 SE Courtney RdMilwaukie, OR 97222
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North Main Village
1 to 2 Bedroom Apartments

North Main Village

10558-10560 SE Main StMilwaukie, OR 97222
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Shorewood Terrace
1 Bedroom Apartments

Shorewood Terrace

11233 SE 27th AveMilwaukie, OR 97222
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Chestnut Place
1 to 2 Bedroom Apartments

Chestnut Place

12106 SE Lake RdMilwaukie, OR 97222
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Quail Ridge Apartments
1 to 2 Bedroom Apartments

Quail Ridge Apartments

2868 SE Lake RdMilwaukie, OR 97222
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Heatherbrae
1 to 3 Bedroom Apartments

Heatherbrae

10303 SE Bell AveMilwaukie, OR 97222
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Crystal Lake
1 to 2 Bedroom Apartments

Crystal Lake

10500 SE 26th AveMilwaukie, OR 97222

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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The Village at Monroe
2 Bedroom Apartments

The Village at Monroe

7946 SE Monroe StMilwaukie, OR 97222
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Maple Grove Court
2 Bedroom Apartments

Maple Grove Court

3025 SE Maple StMilwaukie, OR 97267
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Courtney Square
1 to 2 Bedroom Apartments

Courtney Square

2660 SE Courtney RdPortland, OR 97222
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Tenino Terrace
1 to 2 Bedroom Apartments

Tenino Terrace

2405 SE Umatilla StPortland, OR 97202
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The Sellina
1 Bedroom Apartments

The Sellina

1717 SE Tenino StPortland, OR 97202
Showing Results 1-50, Page 1 of 2

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 Lake Village priced from $1,100. 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 ListingModel NameBed/BathPriced From
Lake Village0x1Studio,1BA$1,100
Crestview Heights ApartmentsStudioStudio,1BA$1,150
Miramonte LodgeMorrisonStudio,1BA$1,220
King Manor in Milwaukie1x11BR,1BA$1,275
Driftwood Terrace ApartmentsStudioStudio,1BA$1,295
Holly Acres1 BR. 1 BATH1BR,1BA$1,295
Clackamas Trails Apartments1 Bedroom 1 Bath1BR,1BA$1,310
Overlook at the WillametteStudioStudio,1BA$1,325
Axletree ApartmentsKelloggStudio,1BA$1,353
Henley PlaceThe MapleStudio,1BA$1,370

Best Value Apartments for Rent in Lake Road, OR

As of May 02, 2025 the best value apartment in the Lake Road area is the $1.65 price per square foot Plan C Model at Waverley & Stuart Hall in the in the Eastmoreland neighborhood starting from $2,120. The second greatest value Lake Road apartment is the 3BR/2.0BA Model at Images Springcreek Apartments starting at $2,520 with a $2.09 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.
Waverley & Stuart HallPlan C2BR,2BA$1.65
Images Springcreek Apartments3BR/2.0BA3BR,2BA$2.09
Willamette Townhouse2x1.52BR,1.5BA$1.59
Briarwood Townhomes2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$2.00
Sunnyside Park Apartments2x22BR,2BA$1.71
Fuller Commons2 bed 1 bath2BR,1BA$1.85
Bristol Court Apartments2 Bedroom 1 Bath2BR,1BA$1.91
HeatherbraeOne Bedroom One Bath (729 SF)1BR,1BA$1.95
Holly Acres1 BR. 1 BATH1BR,1BA$1.79
Clackamas Trails Apartments1 Bedroom 1 Bath1BR,1BA$1.87

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Lake Road, Milwaukie, OR

Ranked #7

Among neighborhoods in Milwaukie, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake Road, Milwaukie, OR

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 $1,370.

What is the price of a cheap apartment in Lake Road?

The cheapest apartment in Lake Road is King Manor in Milwaukie which is listed at $1,275, while the average apartment in Lake Road costs $2,280.

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 10 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 $142 which is $2,138 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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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.