Cheapest Neighborhoods in Milwaukie, OR
Some of the cheapest neighborhoods in Milwaukie are Bonny View Acres, North Clackamas, and Milwaukie Heights. These neighborhoods offer some of the lowest rent prices in Milwaukie, making them ideal for renters on a budget. As of August 7, 2026, the average rent in Milwaukie is $1,503, which is 2.2% 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
$1,231/Month
Units Available
11 Rentals
Bonny View Acres is an affordable neighborhood in Milwaukie with an average rent price of $1,231. Compare this to the city average of $1,503.
North Clackamas
Average Rent
$1,362/Month
Year-Over-Year Rent Change
1.1%
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukie, North Clackamas might be the perfect place! It has an average rent price of $1,362, while the city’s average stands at $1,503. In the last year, prices have increased by 1.1%. North Clackamas is near North Clackamas Park, Se Flavel Street, and Reed College.
Milwaukie Heights
Average Rent
$1,423/Month
Year-Over-Year Rent Change
0.2%
Units Available
37 Rentals
Milwaukie Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Milwaukie Heights is $1,423 while the city average is $1,503. This is a 0.2% difference from last year. Residents enjoy convenient access to Plaza 99, Kellogg Square, and Portland C.C., Sylvania Campus.
Ardenwald
Average Rent
$1,449/Month
Year-Over-Year Rent Change
2.3%
Units Available
21 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Ardenwald. The average rent is $1,449, compared to the city average of $1,503. Rent prices have decreased by 2.3%. Ardenwald is convenient to Milwaukie/Main St Max Station, Tideman Johnson Natural Area, and Milwaukie Marketplace.
Lake Road
Average Rent
$1,523/Month
Year-Over-Year Rent Change
2.2%
Units Available
25 Rentals
Lake Road is an affordable neighborhood in Milwaukie with an average rent price of $1,523. Compare this to the city average of $1,503. In the past year, rent prices have increased by 2.2%. Lake Road provides easy access to Lincoln Park Plaza, Elk Rock Gardens of the Bishop's Close, and Se Tacoma/Johnson Creek Max Station.
Mcloughlin Industrial
Average Rent
$1,602/Month
Units Available
19 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 $1,602, while the city’s average stands at $1,503. Mcloughlin Industrial is near 8414-8418 SE 32nd Ave, Se Bybee Blvd Max Station, and Elk Rock Island.
Hector Campbell
Average Rent
$1,616/Month
Units Available
12 Rentals
Hector Campbell is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hector Campbell is $1,616 while the city average is $1,503. Residents enjoy convenient access to 10604 SE 42nd Ave, Se Fuller Road, and Clackamas C.C., Harmony Campus.
Historic Milwaukie
Average Rent
$1,656/Month
Year-Over-Year Rent Change
2.6%
Units Available
29 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Historic Milwaukie. The average rent is $1,656, compared to the city average of $1,503. Rent prices have increased by 2.6%. Historic Milwaukie is convenient to Oak Street Square, Oregon Health & Sci Waterfront, 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.