Most Affordable Neighborhoods in Milwaukie, OR
Some of the cheapest neighborhoods in Milwaukie are Parkview Acres, 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 June 18, 2025, the average rent in Milwaukie is $1,472, which is 1.2% 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.
Parkview Acres
Average Rent
$1,347/Month
TransitScore® Rating
0/100
Units Available
15 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Parkview Acres. The average rent is $1,347, compared to the city average of $1,472. Parkview Acres is convenient to The Boyer Center, Lewis & Clark College, and Se Fuller Road. The community is walkable with a WalkScore® of 73.
Milwaukie Heights
Average Rent
$1,524/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
32/100
Units Available
61 Rentals
Milwaukie Heights is an affordable neighborhood in Milwaukie with an average rent price of $1,524. Compare this to the city average of $1,472. In the past year, rent prices have increased by 0.5%. Milwaukie Heights provides easy access to Mary S. Young State Recreation Area, Se Tacoma/Johnson Creek Max Station, and Tryon Creek State Natural Area. It’s a somewhat walkable neighborhood with a WalkScore® of 59.
Island Station
Average Rent
$1,585/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
51/100
Units Available
17 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 $1,585, while the city’s average stands at $1,472. In the last year, prices have increased by 2.9%. Island Station is near Se Fuller Road, Elk Rock Island, and Castle Mall Center.
Lake Road
Average Rent
$1,607/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
32/100
Units Available
39 Rentals
Lake Road is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Road is $1,607 while the city average is $1,472. This is a 1.1% difference from last year. Residents enjoy convenient access to North Clackamas Park, Elk Rock Island, and Clackamas C.C., Harmony Campus. The neighborhood is considered somewhat walkable with a WalkScore® of 55.
Hector Campbell
Average Rent
$1,688/Month
TransitScore® Rating
39/100
Units Available
18 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Hector Campbell. The average rent is $1,688, compared to the city average of $1,472. Hector Campbell is convenient to Reed College, Lewis & Clark College, and Johnson Creek Park. The community is walkable with a WalkScore® of 75.
Ardenwald
Average Rent
$1,743/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
47/100
Units Available
16 Rentals
Ardenwald is an affordable neighborhood in Milwaukie with an average rent price of $1,743. Compare this to the city average of $1,472. In the past year, rent prices have increased by 0.2%. Ardenwald provides easy access to Elk Rock Island, King Road Shopping Center, and Lewis & Clark College. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Historic Milwaukie
Average Rent
$1,821/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
54/100
Units Available
35 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 $1,821, while the city’s average stands at $1,472. In the last year, prices have increased by 0.2%. Historic Milwaukie is near Milwaukie Marketplace, Se Bybee Blvd Max Station, and Oak Street Square.
Mcloughlin Industrial
Average Rent
$1,866/Month
TransitScore® Rating
48/100
Units Available
15 Rentals
Mcloughlin Industrial is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mcloughlin Industrial is $1,866 while the city average is $1,472. Residents enjoy convenient access to Johnson Creek Park, Milwaukie Marketplace, and Tideman Johnson Natural Area. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
Waverley Greens Apartments
Average Rent
$2,121/Month
TransitScore® Rating
52/100
Units Available
18 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Waverley Greens Apartments. The average rent is $2,121, compared to the city average of $1,472. Waverley Greens Apartments is convenient to Johnson Creek Park, Reed College, and Portland International. The community is somewhat walkable with a WalkScore® of 51.
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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.