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 March 25, 2026, the average rent in Milwaukie is $1,486, which is 1.9% 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.
North Clackamas
Average Rent
$1,301/Month
Year-Over-Year Rent Change
1%
Units Available
14 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 $1,301, while the city’s average stands at $1,486. In the last year, prices have increased by 1%. North Clackamas is near Mount Talbert Nature Park, Mary S. Young State Recreation Area, and Westwood Marketplace.
Milwaukie Heights
Average Rent
$1,438/Month
Year-Over-Year Rent Change
3.1%
Units Available
50 Rentals
Milwaukie Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Milwaukie Heights is $1,438 while the city average is $1,486. This is a 3.1% difference from last year. Residents enjoy convenient access to Plaza 99, Elk Rock Gardens of the Bishop's Close, and Kellogg Square.
Island Station
Average Rent
$1,526/Month
Year-Over-Year Rent Change
6.3%
Units Available
15 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Island Station. The average rent is $1,526, compared to the city average of $1,486. Rent prices have decreased by 6.3%. Island Station is convenient to Se Tacoma/Johnson Creek Max Station, Reed College, and North Clackamas Park.
Lake Road
Average Rent
$1,568/Month
Year-Over-Year Rent Change
1%
Units Available
36 Rentals
Lake Road is an affordable neighborhood in Milwaukie with an average rent price of $1,568. Compare this to the city average of $1,486. In the past year, rent prices have increased by 1%. Lake Road provides easy access to Reed College, Johnson Creek Park, and Portland International.
Historic Milwaukie
Average Rent
$1,619/Month
Year-Over-Year Rent Change
2.4%
Units Available
25 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 $1,619, while the city’s average stands at $1,486. In the last year, prices have increased by 2.4%. Historic Milwaukie is near Elk Rock Gardens of the Bishop's Close, King Road Shopping Center, and Milwaukie Marketplace.
Hector Campbell
Average Rent
$1,691/Month
Units Available
18 Rentals
Hector Campbell is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hector Campbell is $1,691 while the city average is $1,486. Residents enjoy convenient access to Oak Street Square, Elk Rock Island, and Portland International.
Ardenwald
Average Rent
$1,712/Month
Year-Over-Year Rent Change
0.2%
Units Available
15 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Ardenwald. The average rent is $1,712, compared to the city average of $1,486. Rent prices have decreased by 0.2%. Ardenwald is convenient to Milwaukie Marketplace, Elk Rock Gardens of the Bishop's Close, and Se Fuller Road.
Waverley Greens Apartments
Average Rent
$1,723/Month
Units Available
14 Rentals
Waverley Greens Apartments is an affordable neighborhood in Milwaukie with an average rent price of $1,723. Compare this to the city average of $1,486. Waverley Greens Apartments provides easy access to Lewis & Clark College, Elk Rock Gardens of the Bishop's Close, and Se Park Ave Max Station.
Mcloughlin Industrial
Average Rent
$1,756/Month
Units Available
13 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 $1,756, while the city’s average stands at $1,486. Mcloughlin Industrial is near Westmoreland Park, Creekside Center, and Se Park Ave 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.