Melrose Court Apartments
4301-4495 NE 133rd Ave,
Portland, OR 97230
$1,200 - $1,750
1-2 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
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Accessible
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Great Location
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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 May 2026, the average apartment rent in Argay is $991 for a studio, $1,285 for one bedroom, $1,537 for two bedrooms, and $2,136 for three bedrooms. Apartment rent in Argay has increased by 3.5% in the past year.
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Studio
-
593 sq ft
Average Sq Ft
-
$991/month
Average Rent
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1 BR
-
746 sq ft
Average Sq Ft
-
$1,285/month
Average Rent
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2 BR
-
941 sq ft
Average Sq Ft
-
$1,537/month
Average Rent
-
3 BR
-
1,145 sq ft
Average Sq Ft
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$2,136/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Argay - Portland, OR is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Limited Public Transit
Transit
30
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Daily Essentials
Argay - Portland, OR offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
70
/ 100
Fair Restaurant Variety Nearby
Restaurants
50
/ 100
Limited Café Variety Nearby
Cafes
20
/ 100
Fair Variety of Shops Nearby
Shopping
50
/ 100
Recreation
Recreation options in Argay - Portland, OR are limited, so staying active may require more planning.
Large Amount of Park Space Nearby
Parks
60
/ 100
Limited Wellness Amenity Variety Nearby
Wellness
20
/ 100
Local Vibe
Get a sense of what it’s like to live in Argay - Portland, OR from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
20
/ 100
Limited Nightlife Variety Nearby
Nightlife
30
/ 100
Moderately Noisy
Quiet Score
40
/ 100
Scores provided by
Reviews of Argay - Portland, OR
Niche Reviews
4 Reviews
Current Resident
8 years and 6 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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.