Melrose Court Apartments
4301-4495 NE 133rd Ave,
Portland, OR 97230
$1,325 - $1,500
2 Beds
Argay
Portland, OR
Argay - Portland, OR
Area Guide
Niche Reviews 
A riverfront community within minutes of Downtown Portland and Vancouver
River
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Affordable
•
Accessible
•
Great Location
•
Nestled on the Columbia River in northeast Portland, Argay is a small community across the way from Government Island. Accessible only by boat, residents go to the island to fish, camp, and hike. Argay is settled on Interstate 84 and immediately east of Interstate 205, making the commute to nearby cities like Vancouver a breeze. The neighborhood is also just a few miles east of Portland International Airport, and residents can reach Downtown Portland in roughly 20 minutes. The area between the river and Sandy Boulevard is mainly industrial, lined with warehouses and industrial centers, whereas the south side of town features small businesses, sports bars, restaurants, neighborhood parks, and residential avenues. A selection of apartments, single-family homes, and condos fit for a range of budgets are available for rent in Argay.
Rent Trends
As of February 2026, the average apartment rent in Argay is $988 for a studio, $1,253 for one bedroom, $1,507 for two bedrooms, and $2,094 for three bedrooms. Apartment rent in Argay has decreased by -1.3% in the past year.
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Studio
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593 sq ft
Average Sq Ft
-
$988/month
Average Rent
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1 BR
-
746 sq ft
Average Sq Ft
-
$1,253/month
Average Rent
-
2 BR
-
933 sq ft
Average Sq Ft
-
$1,507/month
Average Rent
-
3 BR
-
1,147 sq ft
Average Sq Ft
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$2,094/month
Average Rent
Transportation
48
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
38
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
65
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Reviews of Argay - Portland, OR
Niche Reviews
4 Reviews
Current Resident
8 years and 3 months ago•Niche Review
I love this neighborhood. The people are nice, the schools are good. Shopping is nearby and there is a brand new park that just opened
Points of Interest
Shopping Centers
Parks and Recreation
- John Luby Park
- Johnson Lake Property
- Ventura Park
- Joseph Wood Hill Park
- Government Island State Recreation Area
Transit / Subway
Airports
- Portland International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.