
Cheap Apartments for Rent in Lake Oswego, OR from $1,075 (169 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Oswego.


50 Northshore Rd

Total Monthly Price
Parkridge Apartments

Total Monthly Price
Elevation at Mountain Park

The Ridge at Mountain Park Apartments

Jackson Square

Westlake Meadows Apartments

Kruseway Commons

MiLO at Mountain park

Total Monthly Price
Willow Apartments
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

16250 Pacific Hwy

Uptown at Lake Oswego

Total Monthly Price
Mercato Grove

248-254-254 Cervantes Cir

Northshore Apartments

Mercy Greenbrae

11 Crestfield Ct

ReNew Laurelwood

Bay Roc Apartments

15938 Quarry Rd
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Haven Lake Oswego

Peg Tree Apartments

6951 SW Montauk Cir

44 Crestfield Ct

The Bluffs at Mountain Park

248 Cervantes Cir

4075 Jefferson Pkwy

Lake Village and Lakewood Apartments

Todd Village Apartments

#306 WOODSIDE VISTA
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

Rolling Hills Apartments

8332 SW 21st Ave

Indian Hills Apartments

Ridgeview Terrace

Dartmouth Crossing North

Fox Pointe Apartments

Capitol Park

Asher Park

Grace Manor Apartments

Dutch Village Apartments
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Terrace View Apartments

Spring Terrace

Overlook at the Willamette

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Henley Place

Shorewood Terrace Apartments

15032 SE Arista Dr

Total Monthly Price
Attwell off Main

Creekside Commons Apartments

Bonita Villa

Total Monthly Price
The Alden
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Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Lake Oswego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lake Oswego Studio Apartments | $1,525 | $1,075 | $2,660 |
| Cheap Lake Oswego 1 Bedroom Apartments | $1,724 | $1,160 | $3,100 |
| Cheap Lake Oswego 2 Bedroom Apartments | $2,125 | $1,285 | $5,410 |
| Cheap Lake Oswego 3 Bedroom Apartments | $2,655 | $1,591 | $10,000+ |
Browse Top Apartments in Lake Oswego
See all Apartments in Lake OswegoExplore Lake Oswego
Lake Oswego, OR Local Guide
- Lake Oswego Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lake Oswego, OR
Pricing Updated: 08/29/2026Current apartment rentals in the Lake Oswego, OR area range in price from $1,075 to $5,200 with an overall median price of $1,690. Here is today’s list neighborhoods with the lowest median pricing for Lake Oswego Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Oldtown | $1,690 | $1,075 | 61 |
Cheapest Available Lake Oswego Apartments for Rent
 The cheapest available apartment rental in Lake Oswego, OR is a Studio unit found at Lake Village and Lakewood Apartments in the Foothills neighborhood priced from $1,075. Todd Village Apartments in the Rosewood neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,105. Here is today’s list of the most affordable Lake Oswego apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Village and Lakewood Apartments | 0x1 | Studio,1BA | $1,075 |
| Todd Village Apartments | Mt. Baker | Studio,1BA | $1,105 |
| Ridgeview Terrace | 1x1 | 1BR,1BA | $1,200 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1,200 |
| Hunt Club | Plan A1 | 1BR,1BA | $1,208 |
| Grace Manor Apartments | 2bd1bth | 2BR,1BA | $1,250 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1,250 |
| Terrace View Apartments | One-Bedroom | 1BR,1BA | $1,275 |
| Dutch Village Apartments | 1x1 | 1BR,1BA | $1,275 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,290 |
Best Value Apartments for Rent in Lake Oswego, OR
As of August 30, 2026 the best value apartment in the Lake Oswego area is the $1.67 price per square foot 8385 SW Avery St Model at 8385 SW Avery St, Unit 101 in the in the Rosewood neighborhood starting from $2,150. The second greatest value Lake Oswego apartment is the 3 Bed Townhome Model at Capitol Gardens starting at $1,950 with a $1.62 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8385 SW Avery St, Unit 101 | 8385 SW Avery St | 2BR,1BA | $1.67 |
| Capitol Gardens | 3 Bed Townhome | 3BR,1.5BA | $1.62 |
| Fox Pointe Apartments | 3 Bedroom, 1 Bath | 3BR,1BA | $1.61 |
| Churchill Gardens Apartments | 2733x1 | 3BR,1BA | $1.50 |
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| Heritage Crossing Townhome Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.66 |
| Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
| LuDon Luradel | 2BR/1.0BA | 2BR,1BA | $1.67 |
| ReNew West Tualatin | Saum | 2BR,1BA | $1.73 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1.74 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Lake Oswego, OR
Westridge Elementary School
Lake Oswego Senior High School
Lake Oswego Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Oswego, OR Rentals by Map
See the most popular apartments and homes in Lake Oswego, OR
Frequently Asked Questions about Cheap Lake Oswego Apartments
What is a cheap apartment in Lake Oswego?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Oswego is under $1,290.
What is the price of a cheap apartment in Lake Oswego?
The cheapest apartment in Lake Oswego is Ridgeview Terrace which is listed at $1,200, while the average apartment in Lake Oswego costs $1,690.
What types of apartments are the cheapest in Lake Oswego?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Lake Oswego that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Oswego?
Cheap apartments in Lake Oswego have an average cost of $315 which is $1,375 cheaper than the average rent for all rentals in Lake Oswego.
Expert Rental Resources
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.
Helpful Local Expert Guides

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.