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Rental Market Trends in Milwaukie, OR

Updated August 2026

The average rent in Milwaukie, OR is $1,497/month.

Rent in Milwaukie is roughly equal to the national average rent of of $1,663/month.

$1,497/month

Average Rent

654 Sq Ft

Average Size

+1.8%

Change / Year

260

Available Apartments

Milwaukie rent varies by unit size and layout:

  • Studio apartments in Milwaukie average $1,370 per month.
  • One-bedroom apartments in Milwaukie average $1,497 per month.
  • Two-bedroom apartments in Milwaukie average $1,709 per month.
  • Three-bedroom apartments in Milwaukie average $2,311 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,370/month
466 Sq Ft
One Bedroom
$1,497/month
654 Sq Ft
Two Bedroom
$1,709/month
925 Sq Ft
Three Bedroom
$2,311/month
1,216 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,791/month
1,359 Sq Ft
Four Bedroom
$5,396/month
2,987 Sq Ft
View Milwaukie Apartments

How much has average rent changed in Milwaukie, OR?

In the past year, rent has increased by 1.8%, which averages out to $27 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Milwaukie, OR

August 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

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Milwaukie?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
North Clackamas
$1,372/month
619 Sq Ft
Milwaukie Heights
$1,462/month
702 Sq Ft
Lake Road
$1,536/month
631 Sq Ft
Ardenwald
$1,662/month
620 Sq Ft
Historic Milwaukie
$1,686/month
612 Sq Ft
Hector Campbell
$1,688/month
624 Sq Ft
Mcloughlin Industrial
$1,788/month
604 Sq Ft

What are the most expensive neighborhoods in Milwaukie?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Mcloughlin Industrial
$1,788/month
604 Sq Ft
Hector Campbell
$1,688/month
624 Sq Ft
Historic Milwaukie
$1,686/month
612 Sq Ft
Ardenwald
$1,662/month
620 Sq Ft
Lake Road
$1,536/month
631 Sq Ft
Milwaukie Heights
$1,462/month
702 Sq Ft
North Clackamas
$1,372/month
619 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 Historic Milwaukie .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lake Road
$1,536/month
631 Sq Ft
Milwaukie Heights
$1,462/month
702 Sq Ft
Historic Milwaukie
$1,686/month
612 Sq Ft
North Clackamas
$1,372/month
619 Sq Ft
Mcloughlin Industrial
$1,788/month
604 Sq Ft
Ardenwald
$1,662/month
620 Sq Ft
Hector Campbell
$1,688/month
624 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 $1,497, you’ll want to make about $4,990 per month or $59,880 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

260 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.

View the Milwaukie Area Guide

Apartment Averages

North Clackamas

Milwaukie, OR

Mcloughlin Industrial

Milwaukie, OR

Studio
-
-
One Bedroom
$1,239/month
-
Two Bedroom
$1,477/month
-
Three Bedroom
$1,538/month
-
View Rentals
View Rentals

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 - $2,699

Sunnyside Park Apartments

Sunnyside Park Apartments

12345 SE Fuller Rd,
Portland, OR 97222

2 Beds | $1,495 - $1,945

Henley Place

Henley Place

10306 SE Main St,
Milwaukie, OR 97222

Studio - 2 Beds | $1,445 - $2,965

ReNew Johnson Creek

ReNew Johnson Creek

12363 SE Linwood Ave,
Milwaukie, OR 97222

Studio - 2 Beds | $1,299 - $1,609

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Frequently Asked Questions

What is the average rent in Milwaukie?

The average rent in Milwaukie is $1,497 per month, which is 10.0% lower than the national average of $1,663.

What is the average rent for a house in Milwaukie?

The average rent for a house in Milwaukie, OR is $2,791 per month.

Are rents going up or down in Milwaukie?

Rents in Milwaukie, OR are increasing, with prices up 1.8% year-over-year and $27 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