Best Affordable Neighborhoods in Milwaukie, OR
Some of the cheapest neighborhoods in Milwaukie are North Clackamas, Milwaukie Heights, and Lake Road. These neighborhoods offer some of the lowest rent prices in Milwaukie, making them ideal for renters on a budget. As of February 8, 2026, the average rent in Milwaukie is $1,465, which is 0.9% 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
$1,340/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
0/100
Units Available
18 Rentals
North Clackamas is an affordable neighborhood in Milwaukie with an average rent price of $1,340. Compare this to the city average of $1,465. In the past year, rent prices have increased by 0.9%. North Clackamas provides easy access to Greenhouse Square, Clackamas C.C., Oregon City, and Portland International. It’s a car-dependent neighborhood with a WalkScore® of 43.
Milwaukie Heights
Average Rent
$1,430/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
32/100
Units Available
50 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 $1,430, while the city’s average stands at $1,465. In the last year, prices have increased by 2.3%. Milwaukie Heights is near Se Tacoma/Johnson Creek Max Station, Kellogg Square, and Portland International.
Lake Road
Average Rent
$1,543/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
32/100
Units Available
38 Rentals
Lake Road is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Road is $1,543 while the city average is $1,465. This is a 1% difference from last year. Residents enjoy convenient access to Clackamas C.C., Harmony Campus, North Clackamas Park, and Clackamas Town Center Transit Center. The neighborhood is considered somewhat walkable with a WalkScore® of 55.
Island Station
Average Rent
$1,562/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
51/100
Units Available
15 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Island Station. The average rent is $1,562, compared to the city average of $1,465. Rent prices have decreased by 4.2%. Island Station is convenient to Clackamas C.C., Harmony Campus, Reed College, and Se Tacoma/Johnson Creek Max Station. The community is somewhat walkable with a WalkScore® of 59.
Hector Campbell
Average Rent
$1,645/Month
TransitScore® Rating
39/100
Units Available
13 Rentals
Hector Campbell is an affordable neighborhood in Milwaukie with an average rent price of $1,645. Compare this to the city average of $1,465. Hector Campbell provides easy access to Milwaukie/Main St Max Station, Lewis & Clark College, and King Road Shopping Center. It’s a walkable neighborhood with a WalkScore® of 75.
Historic Milwaukie
Average Rent
$1,689/Month
Year-Over-Year Rent Change
1.6%
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 $1,689, while the city’s average stands at $1,465. In the last year, prices have increased by 1.6%. Historic Milwaukie is near Se Bybee Blvd Max Station, Reed College, and Elk Rock Island.
Ardenwald
Average Rent
$1,717/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
47/100
Units Available
11 Rentals
Ardenwald is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ardenwald is $1,717 while the city average is $1,465. This is a -0.4% difference from last year. Residents enjoy convenient access to Oregon Health & Sci Waterfront, Se Park Ave Max Station, and Lewis & Clark College. The neighborhood is considered somewhat walkable with a WalkScore® of 68.
Mcloughlin Industrial
Average Rent
$1,735/Month
TransitScore® Rating
48/100
Units Available
14 Rentals
When you’re looking for a great Milwaukie neighborhood on a budget, check out Mcloughlin Industrial. The average rent is $1,735, compared to the city average of $1,465. Mcloughlin Industrial is convenient to Elk Rock Gardens of the Bishop's Close, Lewis & Clark College, and Milwaukie/Main St Max Station. The community is somewhat walkable with a WalkScore® of 60.
Waverley Greens Apartments
Average Rent
$1,940/Month
TransitScore® Rating
53/100
Units Available
17 Rentals
Waverley Greens Apartments is an affordable neighborhood in Milwaukie with an average rent price of $1,940. Compare this to the city average of $1,465. Waverley Greens Apartments provides easy access to King Road Shopping Center, Oak Street Square, and Sellwood Park. It’s a somewhat walkable neighborhood 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.