Best Affordable Neighborhoods in Milwaukie, OR
Some of the cheapest neighborhoods in Milwaukie are North Clackamas, Milwaukie Heights, and Island Station. These neighborhoods offer some of the lowest rent prices in Milwaukie, making them ideal for renters on a budget. As of May 9, 2026, the average rent in Milwaukie is $1,495, which is 1.7% 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
$1,332/Month
Year-Over-Year Rent Change
0.8%
Units Available
20 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out North Clackamas. The average rent is $1,332, compared to the city average of $1,495. Rent prices have increased by 0.8%. North Clackamas is convenient to Reed College, Sunnybrook Center, and Se Park Ave Max Station.
Milwaukie Heights
Average Rent
$1,425/Month
Year-Over-Year Rent Change
2.4%
Units Available
48 Rentals
Milwaukie Heights is an affordable neighborhood in Milwaukie with an average rent price of $1,425. Compare this to the city average of $1,495. In the past year, rent prices have increased by 2.4%. Milwaukie Heights provides easy access to Elk Rock Island, Kellogg Square, and Elk Rock Gardens of the Bishop's Close.
Island Station
Average Rent
$1,515/Month
Year-Over-Year Rent Change
2.8%
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukie, Island Station might be the perfect place! It has an average rent price of $1,515, while the city’s average stands at $1,495. In the last year, prices have decreased by 2.8%. Island Station is near Courtney Plaza, Milwaukie/Main St Max Station, and Oak Street Square.
Lake Road
Average Rent
$1,567/Month
Year-Over-Year Rent Change
1.2%
Units Available
43 Rentals
Lake Road is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Road is $1,567 while the city average is $1,495. This is a 1.2% difference from last year. Residents enjoy convenient access to Elk Rock Island, Elk Rock Gardens of the Bishop's Close, and Se Tacoma/Johnson Creek Max Station.
Ardenwald
Average Rent
$1,623/Month
Year-Over-Year Rent Change
0.5%
Units Available
26 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Ardenwald. The average rent is $1,623, compared to the city average of $1,495. Rent prices have decreased by 0.5%. Ardenwald is convenient to Milwaukie Marketplace, Se Bybee Blvd Max Station, and Elk Rock Gardens of the Bishop's Close.
Hector Campbell
Average Rent
$1,668/Month
Units Available
21 Rentals
Hector Campbell is an affordable neighborhood in Milwaukie with an average rent price of $1,668. Compare this to the city average of $1,495. Hector Campbell provides easy access to Elk Rock Gardens of the Bishop's Close, Clackamas C.C., Harmony Campus, and Oak Street Square.
Historic Milwaukie
Average Rent
$1,675/Month
Year-Over-Year Rent Change
1.9%
Units Available
33 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukie, Historic Milwaukie might be the perfect place! It has an average rent price of $1,675, while the city’s average stands at $1,495. In the last year, prices have increased by 1.9%. Historic Milwaukie is near Oak Street Square, Se 17Th Ave & Holgate Blvd Max Station, and Milwaukie Marketplace.
Mcloughlin Industrial
Average Rent
$1,704/Month
Units Available
22 Rentals
Mcloughlin Industrial is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mcloughlin Industrial is $1,704 while the city average is $1,495. Residents enjoy convenient access to King Road Shopping Center, Milwaukie/Main St Max Station, 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.