Cheapest Neighborhoods in Milwaukie, OR
Some of the cheapest neighborhoods in Milwaukie are North Clackamas, Milwaukie Heights, and Ardenwald. These neighborhoods offer some of the lowest rent prices in Milwaukie, making them ideal for renters on a budget. As of June 23, 2026, the average rent in Milwaukie is $1,519, which is 3% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
North Clackamas
Average Rent
$1,390/Month
Year-Over-Year Rent Change
0.9%
Units Available
20 Rentals
North Clackamas is an affordable neighborhood in Milwaukie with an average rent price of $1,390. Compare this to the city average of $1,519. In the past year, rent prices have increased by 0.9%. North Clackamas provides easy access to Clackamas Town Center Transit Center, North Clackamas Park, and Mount Talbert Nature Park.
Milwaukie Heights
Average Rent
$1,432/Month
Year-Over-Year Rent Change
2.6%
Units Available
35 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukie, Milwaukie Heights might be the perfect place! It has an average rent price of $1,432, while the city’s average stands at $1,519. In the last year, prices have increased by 2.6%. Milwaukie Heights is near Mary S. Young State Recreation Area, Clackamas Town Center Transit Center, and North Clackamas Park.
Ardenwald
Average Rent
$1,592/Month
Year-Over-Year Rent Change
1.6%
Units Available
32 Rentals
Ardenwald is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ardenwald is $1,592 while the city average is $1,519. This is a -1.6% difference from last year. Residents enjoy convenient access to Se Fuller Road, King Road Shopping Center, and Elk Rock Gardens of the Bishop's Close.
Historic Milwaukie
Average Rent
$1,595/Month
Year-Over-Year Rent Change
3.8%
Units Available
30 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Historic Milwaukie. The average rent is $1,595, compared to the city average of $1,519. Rent prices have increased by 3.8%. Historic Milwaukie is convenient to Westmoreland Park, Reed College, and Portland International.
Lake Road
Average Rent
$1,597/Month
Year-Over-Year Rent Change
1.6%
Units Available
39 Rentals
Lake Road is an affordable neighborhood in Milwaukie with an average rent price of $1,597. Compare this to the city average of $1,519. In the past year, rent prices have increased by 1.6%. Lake Road provides easy access to Tideman Johnson Natural Area, Milwaukie/Main St Max Station, and Lincoln Park Plaza.
Mcloughlin Industrial
Average Rent
$1,627/Month
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukie, Mcloughlin Industrial might be the perfect place! It has an average rent price of $1,627, while the city’s average stands at $1,519. Mcloughlin Industrial is near Milwaukie/Main St Max Station, Milwaukie Marketplace, and Elk Rock Gardens of the Bishop's Close.
Hector Campbell
Average Rent
$1,643/Month
Units Available
25 Rentals
Hector Campbell is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hector Campbell is $1,643 while the city average is $1,519. Residents enjoy convenient access to Milwaukie Marketplace, Johnson Creek Park, and Se Tacoma/Johnson Creek Max Station.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.