Lake Road

Milwaukie, OR

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Lake Road - Milwaukie, OR Area Guide

Approximately two miles from the historic Milwaukie city center and the Willamette River, Lake Road gives residents a quiet, close-knit suburban community with quick access to larger cities. The Milwaukie Expressway runs through this district, bringing commuters into downtown Portland in 15 minutes. Lake Road locals enjoy welcoming new neighbors to their community, hosting the Neighborhood Barbecue every year where everyone can meet. Stop by the barbecue and get updates of all the events happening near your Lake Road apartment. Sharing a border with Lake Road is the 47-acre North Clackamas Park, where you will find residents hiking the trails and walking their dogs. Pick up some treats from Bob’s Red Mill Bakery before you go to the park so you can picnic under the trees. During the warmer months, check out the Milwaukie Sunday Farmers Market in the nearby downtown area for fresh tomatoes or homemade soap.

Rent Trends

As of April 2026, the average apartment rent in Lake Road is $1,147 for a studio, $1,363 for one bedroom, $1,634 for two bedrooms, and $1,828 for three bedrooms. Apartment rent in Lake Road has increased by 1.2% in the past year.

  • Studio

  • 375 sq ft

    Average Sq Ft

  • $1,147/month

    Average Rent

  • 1 BR

  • 737 sq ft

    Average Sq Ft

  • $1,363/month

    Average Rent

  • 2 BR

  • 878 sq ft

    Average Sq Ft

  • $1,634/month

    Average Rent

  • 3 BR

  • 1,050 sq ft

    Average Sq Ft

  • $1,828/month

    Average Rent

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

40 / 100

Daily Essentials

Supermarket Within a 15 Minute Walk

Groceries

70 / 100

Fair Restaurant Variety Nearby

Restaurants

50 / 100

Limited Café Variety Nearby

Cafes

30 / 100

Fair Variety of Shops Nearby

Shopping

50 / 100

Recreation

Large Amount of Park Space Nearby

Parks

60 / 100

Limited Wellness Amenity Variety Nearby

Wellness

30 / 100

Local Vibe

Mostly Calm Atmosphere

Vibrancy

20 / 100

Fair Nightlife Variety Nearby

Nightlife

40 / 100

Very Noisy

Quiet Score

20 / 100

Points of Interest

Top Apartments in Lake Road

Property Management Companies

Search Nearby Rentals

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.