Birnam Oaks at Waverley Greens
10357 SE Waverly Ct,
Milwaukie, OR 97222
1-2 Beds | $2,650 - 6,000
Rental Market Trends in Milwaukie, OR
What is the average rent in Milwaukie, OR?
$1,464/month
Average Rent
659 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of November 2024, the average rent in Milwaukie, OR is $1,464 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means Milwaukie rent prices are 6% lower than the national average. When you rent an apartment in Milwaukie, you can expect to pay about $1,343 per month for a studio, $1,464 for a one-bedroom apartment, and around $1,634 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,049 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Milwaukie, OR?
In the past year, rent has increased by 1.9%, which averages out to $28 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Milwaukie, OR
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
14%
$700 - $1,000/month
42%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Milwaukie?
Based on current rent prices, North Clackamas, Linwood and Jennings Lodge are the most affordable neighborhoods in Milwaukie.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Milwaukie?
Based on current rent prices, Historic Milwaukie, Island Station and Ardenwald are the most expensive neighborhoods in Milwaukie.
Neighborhood
Average Rent
Average Sq Ft
Which Milwaukie neighborhoods have the most rentals available?
The neighborhoods in Milwaukie with the most apartments available are Historic Milwaukie, Southgate and Milwaukie Heights .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Milwaukie, OR?
Because the average rent in Milwaukie is $1,464, you’ll want to make about $4,880 per month or $58,560 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Milwaukie, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Milwaukie, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,456/month
One Bedroom
$1,213/month
$1,597/month
Two Bedroom
$1,542/month
$2,172/month
Three Bedroom
$1,504/month
$2,684/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.