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 22, 2026, the average rent in Milwaukie is $1,519, which is 2.9% 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
Bonny View Acres is an affordable neighborhood in Milwaukie with an average rent price of $1,128. Compare this to the city average of $1,519. Bonny View Acres provides easy access to Lewis & Clark College, Johnson Creek Park, and Milwaukie/Main St Max Station.
North Clackamas
Average Rent
$1,363/Month
Year-Over-Year Rent Change
1.1%
Units Available
20 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 $1,363, while the city’s average stands at $1,519. In the last year, prices have increased by 1.1%. North Clackamas is near Lewis & Clark College, Clackamas C.C., Oregon City, and North Clackamas Park.
Ardenwald
Average Rent
$1,372/Month
Year-Over-Year Rent Change
2.1%
Units Available
18 Rentals
Ardenwald is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ardenwald is $1,372 while the city average is $1,519. This is a 2.1% difference from last year. Residents enjoy convenient access to Milwaukie/Main St Max Station, Elk Rock Gardens of the Bishop's Close, and Reed College.
Milwaukie Heights
Average Rent
$1,496/Month
Year-Over-Year Rent Change
3%
Units Available
36 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Milwaukie Heights. The average rent is $1,496, compared to the city average of $1,519. Rent prices have increased by 3%. Milwaukie Heights is convenient to Tryon Creek State Natural Area, Elk Rock Gardens of the Bishop's Close, and Se Tacoma/Johnson Creek Max Station.
Mcloughlin Industrial
Average Rent
$1,506/Month
Units Available
17 Rentals
Mcloughlin Industrial is an affordable neighborhood in Milwaukie with an average rent price of $1,506. Compare this to the city average of $1,519. Mcloughlin Industrial provides easy access to Oak Street Square, Elk Rock Island, and Clackamas C.C., Harmony Campus.
Lake Road
Average Rent
$1,582/Month
Year-Over-Year Rent Change
1.9%
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukie, Lake Road might be the perfect place! It has an average rent price of $1,582, while the city’s average stands at $1,519. In the last year, prices have increased by 1.9%. Lake Road is near Se Park Ave Max Station, Milwaukie/Main St Max Station, and North Clackamas Park.
Historic Milwaukie
Average Rent
$1,603/Month
Year-Over-Year Rent Change
2.4%
Units Available
30 Rentals
Historic Milwaukie is a top choice for budget-conscious renters for a variety of reasons. The average rent in Historic Milwaukie is $1,603 while the city average is $1,519. This is a 2.4% difference from last year. Residents enjoy convenient access to Clackamas C.C., Harmony Campus, Se Bybee Blvd Max Station, and Westmoreland Park.
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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.