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Rental Market Trends in Milwaukie, OR

What is the average rent in Milwaukie, OR?

$1,514/month

Average Rent

662 Sq Ft

Average Apartment Size

+2.7%

Increase in the Last Year

Milwaukie, OR Rental Market Overview

The average rent in Milwaukie, OR is $1,514 per month. For comparison, the national average rent price in the US is currently $1,661/month, which means Milwaukie rent prices are 9% lower than the national average.

  • Studio apartments in Milwaukie average $1,363 per month.
  • One-bedroom apartments in Milwaukie average $1,514 per month.
  • Two-bedroom apartments in Milwaukie average $1,696 per month.
  • Three-bedroom apartments in Milwaukie average $2,297 or more per month.

Data Updated: July 1, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,363/month
466 Sq Ft
One Bedroom
$1,514/month
662 Sq Ft
Two Bedroom
$1,696/month
925 Sq Ft
Three Bedroom
$2,297/month
1,216 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,585/month
1,198 Sq Ft
Four Bedroom
$4,997/month
2,916 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 2.7%, which averages out to $41 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 July 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Milwaukie, OR
Last Updated July 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Milwaukie, OR
Percentage*
Rent Range
3% Below $700/month
13% $700 - $1,000/month
34% $1,001 - $1,500/month
39% $1,501 - $2,000/month
10% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Milwaukie?

Based on current rent prices, North Clackamas, Milwaukie Heights and Island Station are the most affordable neighborhoods in Milwaukie.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
North Clackamas
$1,398/month
617 Sq Ft
Milwaukie Heights
$1,466/month
696 Sq Ft
Island Station
$1,468/month
679 Sq Ft
Lake Road
$1,551/month
643 Sq Ft
Historic Milwaukie
$1,620/month
611 Sq Ft
Hector Campbell
$1,672/month
627 Sq Ft
Ardenwald
$1,679/month
684 Sq Ft
Mcloughlin Industrial
$1,811/month
602 Sq Ft

What are the most expensive neighborhoods in Milwaukie?

Based on current rent prices, Mcloughlin Industrial, Ardenwald and Hector Campbell are the most expensive neighborhoods in Milwaukie.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Mcloughlin Industrial
$1,811/month
602 Sq Ft
Ardenwald
$1,679/month
684 Sq Ft
Hector Campbell
$1,672/month
627 Sq Ft
Historic Milwaukie
$1,620/month
611 Sq Ft
Lake Road
$1,551/month
643 Sq Ft
Island Station
$1,468/month
679 Sq Ft
Milwaukie Heights
$1,466/month
696 Sq Ft
North Clackamas
$1,398/month
617 Sq Ft

Which Milwaukie neighborhoods have the most rentals available?

The neighborhoods in Milwaukie with the most apartments available are Lake Road, Milwaukie Heights and Ardenwald .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lake Road
$1,551/month
643 Sq Ft
Milwaukie Heights
$1,466/month
696 Sq Ft
Ardenwald
$1,679/month
684 Sq Ft
Historic Milwaukie
$1,620/month
611 Sq Ft
North Clackamas
$1,398/month
617 Sq Ft
Hector Campbell
$1,672/month
627 Sq Ft
Island Station
$1,468/month
679 Sq Ft
Mcloughlin Industrial
$1,811/month
602 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Milwaukie, OR?

Because the average rent in Milwaukie is $1,514, you’ll want to make about $5,046 per month or $60,552 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.

City

Milwaukie, OR

274 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Milwaukie, OR

Apartment Averages

North Clackamas

Milwaukie, OR

Mcloughlin Industrial

Milwaukie, OR

Studio
-
-
One Bedroom
$1,236/month
-
Two Bedroom
$1,474/month
-
Three Bedroom
$1,532/month
-
Search
Search

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Lake Oswego

    Lake Oswego

  • Happy Valley

    Happy Valley

  • West Linn

    West Linn

  • Oregon City

    Oregon City

Apartment Communities in Milwaukie We Think You'll Love

Seven Acres

Seven Acres

10999 SE 37th Ave,
Milwaukie, OR 97222

Studio - 3 Beds | $1,460 - $2,628

Sunnyside Park Apartments

Sunnyside Park Apartments

12345 SE Fuller Rd,
Portland, OR 97222

2 Beds | $1,495 - $1,845

Henley Place

Henley Place

10306 SE Main St,
Milwaukie, OR 97222

Studio - 2 Beds | $1,445 - $3,155

Miramonte Lodge

Miramonte Lodge

12200 SE McLoughlin Blvd,
Milwaukie, OR 97222

Studio - 2 Beds | $1,395 - $2,485

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Frequently Asked Questions

What is the average rent in Milwaukie?

The average rent in Milwaukie is $1,514 per month, which is 8.9% lower than the national average of $1,661.

What is the average rent for a house in Milwaukie?

The average rent for a house in Milwaukie, OR is $2,585 per month.

Are rents going up or down in Milwaukie?

Rents in Milwaukie, OR are increasing, with prices up 2.7% year-over-year and $41 more per month.

What rent range is most common in Milwaukie?

In Milwaukie, OR, 39% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

United States Oregon Milwaukie Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

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.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity