Zumper
modified
Updated 1 Day Ago

Highlights

  • Pet Friendly
  • Cozy studios
  • Free parking
  • Urban conveniences
  • Modern comfort
  • Unique architectural design
  • Serene natural surroundings

Location

12730 Se Mcloughlin Blvd, Milwaukie, OR 97222, USA|Island Station
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Contact

Management

Water's Edge Apartment

Leasing office

(503) 659-3470

Property Overview

Water's Edge Apartments stands out for its strong overall rating, excellent value, and exceptional amenities, with convenient location and solid quality adding to its appeal. It also offers cozy studios, free parking, modern comfort, and a distinctive design, along with nearby transit, parks, fitness options, and pet-related conveniences.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.0
Excellent
Water's Edge Apartments is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.

Things you’ll love

  • Middle school nearby
  • More space
  • Balcony

Great for

  • Eco living
  • Pet owners
  • Wellness

Floor plans

2 x 2.5 Townhome2 bed2.5 bath1,150 sqft$1,695 /mo1 unit availableApply in person before you leave the leasing office, and receive $750 off your first full month's rent!

Let's explore this property.

Amenities for Water's Edge Apartments

Apartment Amenities

BalconyElectric Heating
Energy-Efficient WindowsFireplace
HeaterPrivate Balcony
Warm Natural LightingWasher/Dryer Hookups
Wood Burning Fireplace

Appliances

DishwasherGarbage Disposal
OvenOven/Stove
RangeRefrigerator

Building

Cats OKControlled Building
Dogs OKFitness Center
Onsite LaundrySauna

Grounds

Garage ParkingStorage
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units36

About Water's Edge Apartments

HomeApartments in MilwaukieIsland Station Water's Edge Apartments

Welcome to Water's Edge Apartments, a distinctive split-level apartment building in the heart of the charming and Historic Milwaukie. nestled amidst serene natural surroundings, offering a tranquil retreat just moments from urban conveniences. Built in the vibrant 1980s, Water's Edge harmonizes modern comfort with the charm of its unique architectural design. From cozy studios to spacious three-bedroom floor plans, indulge in amenities that elevate everyday living with our on site gym and dry sauna. Every apartment includes the luxury of free parking with the added bonus of carport and garage options. Come see for yourself why Water's Edge is the perfect community for you - call today to schedule a tour


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.0
/10
Excellent
Water's Edge Apartments is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.
How we rated Water's Edge Apartments
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Water's Edge Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Water's Edge Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Water's Edge Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Water's Edge Apartments has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Water's Edge Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Water's Edge Apartments is great for:

Eco living

  • Public transit available nearby
  • Energy efficient appliances
  • 9 parks within a mile
  • Insulated, energy-efficient windows

Pet owners

  • Outdoor spaces are available at this property
  • 2 pet grooming services nearby
  • 3 pet supply stores near the property

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • 11 health/wellness centers nearby
  • HVAC systems available onsite

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Water's Edge Apartments compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.5 miles away
More space
The 2-bedroom is 230 sqft larger than other listings nearby
Balcony
Easy access to the outdoors
Extra storage
In-unit features
Fireplace
In-unit features
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
Laundry available on site
Washers and dryers are available in-building

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.6 miles away

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Rent trends in Island Station

2-bedroom apartments at Water's Edge Apartments cost about 3% less than the average rent price for 2-bedroom apartments in Island Station.

Median rents as of Oct 10 2026.
Island Station
Milwaukie
A table of 2-bedroom apartment rental data trends in Milwaukie
MonthMedian Rent
October 2024$1,742
November 2024$1,705
December 2024$1,795
January 2025$1,696
February 2025$1,689
March 2025$1,702
April 2025$1,700
May 2025$1,695
June 2025$1,666
July 2025$1,650
August 2025$1,650
September 2025$1,614
October 2025$1,633
November 2025$1,625
December 2025$1,625
January 2026$1,625
February 2026$1,625
March 2026$1,625
April 2026$1,640
May 2026$1,650
June 2026$1,635
July 2026$1,658
August 2026$1,695
September 2026$1,655
October 2026$1,619
A table of 2-bedroom apartment rental data trends in Island Station
MonthMedian Rent
October 2024$1,795
December 2024$1,750
January 2025$1,750

Affordability calculator

Can I afford to live at 12730 Se Mcloughlin Blvd?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$67,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $67,800 annually to afford this 2-bedrooms monthly rent price of $1,695.
For more information on rent affordability, visit our rent calculator.

Schools near Water's Edge Apartments

Milwaukie El Puente Elementary School

11250 se 27th ave

milwaukie, OR, 97222

K-5Public
C+

Oak Grove Elementary School

2150 se torbank rd

milwaukie, OR, 97222

K-5Public
C

Palisades World Language School

1500 greentree rd

lake oswego, OR, 97034

K-5Public
A+

Tigard-Tualatin Virtual Academy

6960 sw sandburg st

tigard, OR, 97223

K-12Public

Rose City Park

2334 ne 57th ave

portland, OR, 97212

K-5Public
B+
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Getting around Milwaukie near 12730 Se Mcloughlin Blvd

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 12730 Se Mcloughlin Blvd, Milwaukie

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

2/10
Few or no shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

6/10
At least one high school within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

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