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 November 9, 2025, the average rent in Milwaukie is $1,486, which is 2.3% 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
$1,348/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
12 Rentals
North Clackamas is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Clackamas is $1,348 while the city average is $1,486. This is a 1% difference from last year. Residents enjoy convenient access to Se Fuller Road, Milwaukie/Main St Max Station, and Clackamas Town Center Transit Center. The neighborhood is considered car-dependent with a WalkScore® of 43.
Milwaukie Heights
Average Rent
$1,437/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
32/100
Units Available
50 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Milwaukie Heights. The average rent is $1,437, compared to the city average of $1,486. Rent prices have increased by 3%. Milwaukie Heights is convenient to Portland C.C., Sylvania Campus, Fred Meyer Milwaukie, and Elk Rock Gardens of the Bishop's Close. The community is somewhat walkable with a WalkScore® of 59.
Island Station
Average Rent
$1,561/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
51/100
Units Available
16 Rentals
Island Station is an affordable neighborhood in Milwaukie with an average rent price of $1,561. Compare this to the city average of $1,486. In the past year, rent prices have increased by 2.8%. Island Station provides easy access to Se Park Ave Max Station, Johnson Creek Park, and Milwaukie/Main St Max Station. It’s a somewhat walkable neighborhood with a WalkScore® of 59.
Lake Road
Average Rent
$1,614/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
32/100
Units Available
31 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 $1,614, while the city’s average stands at $1,486. In the last year, prices have increased by 0.4%. Lake Road is near Oak Street Square, Tideman Johnson Natural Area, and Lewis & Clark College.
Hector Campbell
Average Rent
$1,648/Month
TransitScore® Rating
39/100
Units Available
15 Rentals
Hector Campbell is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hector Campbell is $1,648 while the city average is $1,486. Residents enjoy convenient access to Tideman Johnson Natural Area, Clackamas C.C., Harmony Campus, and Se Park Ave Max Station. The neighborhood is considered walkable with a WalkScore® of 75.
Historic Milwaukie
Average Rent
$1,693/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
54/100
Units Available
26 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Historic Milwaukie. The average rent is $1,693, compared to the city average of $1,486. Rent prices have increased by 2.4%. Historic Milwaukie is convenient to Portland International, Tideman Johnson Natural Area, and Johnson Creek Park. The community is walkable with a WalkScore® of 79.
Ardenwald
Average Rent
$1,710/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
47/100
Units Available
13 Rentals
Ardenwald is an affordable neighborhood in Milwaukie with an average rent price of $1,710. Compare this to the city average of $1,486. In the past year, rent prices have increased by 4.7%. Ardenwald provides easy access to Lewis & Clark College, King Road Shopping Center, and Se Park Ave Max Station. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Mcloughlin Industrial
Average Rent
$1,874/Month
TransitScore® Rating
48/100
Units Available
12 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 $1,874, while the city’s average stands at $1,486. Mcloughlin Industrial is near Oak Street Square, Milwaukie/Main St Max Station, and Reed College.
Waverley Greens Apartments
Average Rent
$1,874/Month
TransitScore® Rating
53/100
Units Available
12 Rentals
Waverley Greens Apartments is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waverley Greens Apartments is $1,874 while the city average is $1,486. Residents enjoy convenient access to Portland International, Se Tacoma/Johnson Creek Max Station, and Milwaukie/Main St Max Station. The neighborhood is considered 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.