Cheap Apartments for Rent in Lake Oswego, OR from $600 (123 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Oswego.

property at 15370 Bangy Rd

15370 Bangy Rd

Lake OswegoOR97035

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Northshore Apartments
Studio to 3 Bedroom Apartments

Northshore Apartments

50 Northshore RdLake Oswego, OR 97034
  • Utilities Included
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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035
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ReNew Laurelwood
2 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Lake Oswego, OR Local Guide

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a Studio unit found at Quail Ridge Apartments in the Far Southwest Portland neighborhood priced from $1,100. Ridgeview Terrace in the Far Southwest Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Quail Ridge ApartmentsStudio SmallStudio,1BA$1,100
Ridgeview Terrace1x11BR,1BA$1,200
Todd Village ApartmentsMt. BakerStudio,1BA$1,210
Miramonte LodgeMorrisonStudio,1BA$1,220
Churchill Gardens Apartments2731x11BR,1BA$1,220
Oak Grove Village Apartments1 Bed 1 Bath1BR,1BA$1,250
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
8417 SW 24th Ave1BR/1.0BA1BR,1BA$1,295
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,295
Overlook at the WillametteStudioStudio,1BA$1,325

Best Value Apartments for Rent in Lake Oswego, OR

As of June 14, 2025 the best value apartment in the Lake Oswego area is the $1.61 price per square foot Plan C2B Model at Tualatin Heights in the in the Childs neighborhood starting from $1,899. The second greatest value Lake Oswego apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,850 with a $1.80 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Lake Oswego apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tualatin HeightsPlan C2B3BR,2BA$1.61
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Westview Townhomes2bd/1.5Bth2BR,1.5BA$1.73
2222 Apartments2BR/2.0BA2BR,2BA$1.67
River Cliff ApartmentsLayout A2BR,1BA$1.59
Gatehouse Apartments2x22BR,2BA$1.72
The York2x1L2BR,1BA$1.66
Silver Creek Apartments2x12BR,1BA$1.66
Willamalane2 Bed / 1 Bath2BR,1BA$1.82
Oak GroveTWO BED2BR,1BA$1.76

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lake Oswego, OR

Ranked #9

Among cities in Oregon for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lake Oswego, OR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Oswego, OR Rentals by Map

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See the most popular apartments and homes in Lake Oswego, OR

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Getting Around Lake Oswego, OR

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

25 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Oswego Apartments

What is the Cheapest Studio apartment in Lake Oswego?

Currently the most affordable Cheap Studio Apartment in Lake Oswego is at Quail Ridge Apartments listed at $1,100.

How much is rent for a Cheap One Bedroom Lake Oswego Apartment?

The lowest price for a Cheap One Bedroom Lake Oswego Apartment is $1,200 at Quail Ridge Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Oswego Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Oswego is starting from $1,350 at Quail Ridge Apartments.

What is the most affordable Lake Oswego Three Bedroom Apartment?

The best deal on a cheap Lake Oswego Three Bedroom Apartment rental is at Rolling Hills Apartments and starts from $1,495.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.