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Rental Market Trends in Milwaukie, OR

What is the average rent in Milwaukie, OR?

$1,472/month

Average Rent

667 Sq Ft

Average Apartment Size

+0.9%

Increase in the Last Year

As of September 2025, the average rent in Milwaukie, OR is $1,472 per month. For comparison, the national average rent price in the US is currently $1,639/month, which means Milwaukie rent prices are 10% lower than the national average. When you rent an apartment in Milwaukie, you can expect to pay about $1,325 per month for a studio, $1,472 for a one-bedroom apartment, and around $1,641 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,219 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,325/month
461 Sq Ft
One Bedroom
$1,472/month
667 Sq Ft
Two Bedroom
$1,641/month
915 Sq Ft
Three Bedroom
$2,219/month
1,213 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,048/month
840 Sq Ft
Three Bedroom
$2,772/month
1,398 Sq Ft
Four Bedroom
$3,513/month
2,193 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 0.9%, which averages out to $14 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 September 2025
Legend
2024 2025
Market Trends Over Time

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, Island Station, Milwaukie Heights and Lake Road are the most affordable neighborhoods in Milwaukie.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Island Station
$1,580/month
729 Sq Ft
Milwaukie Heights
$1,606/month
750 Sq Ft
Lake Road
$1,618/month
677 Sq Ft
Ardenwald
$1,723/month
629 Sq Ft
Hector Campbell
$1,723/month
629 Sq Ft
Mcloughlin Industrial
$1,825/month
685 Sq Ft
Historic Milwaukie
$1,906/month
703 Sq Ft
Waverley Greens Apartments
$2,050/month
726 Sq Ft

What are the most expensive neighborhoods in Milwaukie?

Based on current rent prices, Waverley Greens Apartments, Historic Milwaukie and Mcloughlin Industrial are the most expensive neighborhoods in Milwaukie.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Waverley Greens Apartments
$2,050/month
726 Sq Ft
Historic Milwaukie
$1,906/month
703 Sq Ft
Mcloughlin Industrial
$1,825/month
685 Sq Ft
Ardenwald
$1,723/month
629 Sq Ft
Hector Campbell
$1,723/month
629 Sq Ft
Lake Road
$1,618/month
677 Sq Ft
Milwaukie Heights
$1,606/month
750 Sq Ft
Island Station
$1,580/month
729 Sq Ft

Which Milwaukie neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Milwaukie Heights
$1,606/month
750 Sq Ft
Historic Milwaukie
$1,906/month
703 Sq Ft
Lake Road
$1,618/month
677 Sq Ft
Waverley Greens Apartments
$2,050/month
726 Sq Ft
Mcloughlin Industrial
$1,825/month
685 Sq Ft
Ardenwald
$1,723/month
629 Sq Ft
Hector Campbell
$1,723/month
629 Sq Ft
Island Station
$1,580/month
729 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 $1,472, you’ll want to make about $4,906 per month or $58,872 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

282 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

Island Station

Milwaukie, OR

Waverley Greens Apartments

Milwaukie, OR

Studio
$1,405/month
-
One Bedroom
$1,511/month
-
Two Bedroom
$1,576/month
-
Three Bedroom
$1,723/month
-
Search
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Nearby City Rent Trends

  • Gladstone Average Rent
  • Lake Oswego Average Rent
  • Happy Valley Average Rent
  • West Linn Average Rent
  • Oregon City Average Rent

Apartment communities in Milwaukie we think you'll love

Seven Acres

Seven Acres

10999 SE 37th Ave,
Milwaukie, OR 97222

$1,460 - $2,899

Studio - 3 Beds

Birnam Oaks at Waverley Greens

Birnam Oaks at Waverley Greens

10357 SE Waverly Ct,
Milwaukie, OR 97222

$2,650 - $5,550

1-2 Beds

Miramonte Lodge

Miramonte Lodge

12200 SE McLoughlin Blvd,
Milwaukie, OR 97222

$1,285 - $2,035

Studio - 2 Beds

Overlook at the Willamette

Overlook at the Willamette

12601 SE River Rd,
Milwaukie, OR 97222

$1,285 - $1,979

Studio - 3 Beds

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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 September 2025.

* Percentages may not total 100 due to rounding.

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