Cheapest Neighborhoods in Milwaukie, OR
Some of the cheapest neighborhoods in Milwaukie are Bonny View Acres, North Clackamas, and Ardenwald. These neighborhoods offer some of the lowest rent prices in Milwaukie, making them ideal for renters on a budget. As of September 23, 2026, the average rent in Milwaukie is $1,528, which is 3.5% 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.
Bonny View Acres
Average Rent
$1,128/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukie, Bonny View Acres might be the perfect place! It has an average rent price of $1,128, while the city’s average stands at $1,528. Bonny View Acres is near Portland International, King Road Shopping Center, and Elk Rock Island.
North Clackamas
Average Rent
$1,348/Month
Year-Over-Year Rent Change
1.1%
Units Available
22 Rentals
North Clackamas is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Clackamas is $1,348 while the city average is $1,528. This is a 1.1% difference from last year. Residents enjoy convenient access to Westwood Marketplace, Portland International, and Greenhouse Square.
Ardenwald
Average Rent
$1,372/Month
Year-Over-Year Rent Change
2.1%
Units Available
18 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Ardenwald. The average rent is $1,372, compared to the city average of $1,528. Rent prices have increased by 2.1%. Ardenwald is convenient to Westmoreland Park, Milwaukie/Main St Max Station, and Se Bybee Blvd Max Station.
Mcloughlin Industrial
Average Rent
$1,504/Month
Units Available
17 Rentals
Mcloughlin Industrial is an affordable neighborhood in Milwaukie with an average rent price of $1,504. Compare this to the city average of $1,528. Mcloughlin Industrial provides easy access to Westmoreland Park, Reed College, and Oak Street Square.
Milwaukie Heights
Average Rent
$1,508/Month
Year-Over-Year Rent Change
3%
Units Available
37 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 $1,508, while the city’s average stands at $1,528. In the last year, prices have increased by 3%. Milwaukie Heights is near Elk Rock Island, Elk Rock Gardens of the Bishop's Close, and Tryon Creek State Natural Area.
Lake Road
Average Rent
$1,560/Month
Year-Over-Year Rent Change
1.9%
Units Available
27 Rentals
Lake Road is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Road is $1,560 while the city average is $1,528. This is a 1.9% difference from last year. Residents enjoy convenient access to Se Park Ave Max Station, Elk Rock Gardens of the Bishop's Close, and Milwaukie/Main St Max Station.
Historic Milwaukie
Average Rent
$1,590/Month
Year-Over-Year Rent Change
2.8%
Units Available
26 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Historic Milwaukie. The average rent is $1,590, compared to the city average of $1,528. Rent prices have increased by 2.8%. Historic Milwaukie is convenient to Reed College, King Road Shopping Center, and Se Bybee Blvd 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.