Best Affordable Neighborhoods in Milwaukie, OR
Some of the cheapest neighborhoods in Milwaukie are North Clackamas, Jennings Lodge, and Milwaukie Heights. These neighborhoods offer some of the lowest rent prices in Milwaukie, making them ideal for renters on a budget. As of December 24, 2025, the average rent in Milwaukie is $1,469, which is 1.4% 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
1%
TransitScore® Rating
0/100
Units Available
18 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 $1,469. Rent prices have increased by 1%. North Clackamas is convenient to Mary S. Young State Recreation Area, Milwaukie/Main St Max Station, and Se Fuller Road. The community is car-dependent with a WalkScore® of 43.
Jennings Lodge
Average Rent
$1,333/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
15 Rentals
Jennings Lodge is an affordable neighborhood in Milwaukie with an average rent price of $1,333. Compare this to the city average of $1,469. In the past year, rent prices have increased by 1%. Jennings Lodge provides easy access to Milwaukie/Main St Max Station, Lewis & Clark College, and Clackamas C.C., Harmony Campus. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
Milwaukie Heights
Average Rent
$1,414/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
32/100
Units Available
58 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 $1,414, while the city’s average stands at $1,469. In the last year, prices have increased by 0.5%. Milwaukie Heights is near Elk Rock Island, Fred Meyer Milwaukie, and Reed College.
Island Station
Average Rent
$1,522/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
51/100
Units Available
16 Rentals
Island Station is a top choice for budget-conscious renters for a variety of reasons. The average rent in Island Station is $1,522 while the city average is $1,469. This is a 2.8% difference from last year. Residents enjoy convenient access to Tryon Creek State Natural Area, Clackamas C.C., Harmony Campus, and Courtney Plaza. The neighborhood is considered somewhat walkable with a WalkScore® of 59.
Lake Road
Average Rent
$1,534/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
32/100
Units Available
33 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Lake Road. The average rent is $1,534, compared to the city average of $1,469. Rent prices have increased by 0.7%. Lake Road is convenient to Se Fuller Road, Johnson Creek Park, and Lewis & Clark College. The community is somewhat walkable with a WalkScore® of 55.
Hector Campbell
Average Rent
$1,646/Month
TransitScore® Rating
39/100
Units Available
11 Rentals
Hector Campbell is an affordable neighborhood in Milwaukie with an average rent price of $1,646. Compare this to the city average of $1,469. Hector Campbell provides easy access to Se Tacoma/Johnson Creek Max Station, Tideman Johnson Natural Area, and Clackamas Town Center Transit Center. It’s a walkable neighborhood with a WalkScore® of 75.
Historic Milwaukie
Average Rent
$1,728/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
54/100
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 $1,728, while the city’s average stands at $1,469. In the last year, prices have increased by 0.5%. Historic Milwaukie is near Portland International, Milwaukie/Main St Max Station, and Se Tacoma/Johnson Creek Max Station.
Mcloughlin Industrial
Average Rent
$1,736/Month
TransitScore® Rating
48/100
Units Available
19 Rentals
Mcloughlin Industrial is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mcloughlin Industrial is $1,736 while the city average is $1,469. Residents enjoy convenient access to Oregon Health & Sci Waterfront, Lewis & Clark College, and Portland International. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
Waverley Greens Apartments
Average Rent
$1,868/Month
TransitScore® Rating
53/100
Units Available
23 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Waverley Greens Apartments. The average rent is $1,868, compared to the city average of $1,469. Waverley Greens Apartments is convenient to Portland International, Se Bybee Blvd Max Station, and Milwaukie Marketplace. The community is somewhat walkable with a WalkScore® of 52.
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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.