Cheap Apartments for Rent in Lake Oswego, OR from $800 (156 Rentals)

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

property at 50 Northshore Rd

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

50 Northshore Rd

Lake OswegoOR97034
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Parkridge Apartments
Rent Specials
$1,295 - $2,691
Total Monthly Price

Total Monthly Price

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$1,295 - $2,691
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Studio to 3 Bedroom Apartments Available Now

Parkridge Apartments

215 Greenridge DrLake Oswego, OR 97035
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 14267 Uplands Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

14267 Uplands Dr

Lake OswegoOR97034
property at 6765 Montauk Cir

$1,835

Total Monthly Price

Total Monthly Price

Base Rent
$1,835
Total Monthly Price
$1,835

2 Bedroom, 1 Bath Condo for Rent

Available Now

6765 Montauk Cir, Unit 6765

6765 Montauk Cir
Lake OswegoOR97035
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Willow
Rent Specials
$1,890 - $4,877
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Base Rent
$1,890 - $4,877
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Varies
1 to 3 Bedroom Apartments Available Now

Willow

5600 Meadows RdLake Oswego, OR 97035
Family Friendly
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Northshore Apartments
Studio to 3 Bedroom Apartments

Northshore Apartments

50 Northshore RdLake Oswego, OR 97034
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Mercy Greenbrae
1 to 3 Bedroom Apartments

Mercy Greenbrae

3190 Furman DrLake Oswego, OR 97034
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ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Haven Lake Oswego
1 to 2 Bedroom Apartments

Haven Lake Oswego

15000 Davis LnLake Oswego, OR 97035
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property at 3641 SW Evelyn St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

5 Bedroom, 2 Bath Home for Rent

Available Now

3641 SW Evelyn St

PortlandOR97219

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Multnomah Station
$1,299 - $2,945
Total Monthly Price

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$1,299 - $2,945
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Studio to 2 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
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Attwell off Main
Rent Specials
$1,323 - $6,393
Total Monthly Price

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$1,323 - $6,393
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Studio to 3 Bedroom Apartments Available Now

Attwell off Main

12850 SW Ash AveTigard, OR 97223
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The Overland
Rent Specials
$1,328 - $2,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,328 - $2,589
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Studio to 2 Bedroom Apartments Available Now

The Overland

11974 SW 72nd AveTigard, OR 97223
Pet Friendly
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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.

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Showing Results 1-50, Page 1 of 4

Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 05/29/2026

Current apartment rentals in the Lake Oswego, OR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lake Oswego Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Oldtown$2,247$1,15060

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a 1 Bed unit found at Asher Park in the Far Southwest Portland neighborhood priced from $1,099. #306 WOODSIDE VISTA in the Far Southwest Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,160. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Asher ParkLL 1x11BR,1BA$1,099
#306 WOODSIDE VISTA1x11BR,1BA$1,160
Rolling Hills ApartmentsSuper Studio1BR,1BA$1,165
Dutch Village Apartments0x1Studio,1BA$1,185
Shorewood Terrace Apartments1 Bedroom Garden1BR,1BA$1,195
Dartmouth Crossing NorthOne Bedroom1BR,1BA$1,216
Grace Manor Apartments2bd1bth2BR,1BA$1,250
Churchill Gardens Apartments2731x11BR,1BA$1,250
Capitol Park1 bed-1 bath1BR,1BA$1,250
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260

Best Value Apartments for Rent in Lake Oswego, OR

As of May 29, 2026 the best value apartment in the Lake Oswego area is the $1.59 price per square foot 2BR/2BA (1,087sq ft) Model at Capitola Commons in the in the Far Southwest Portland neighborhood starting from $1,725. The second greatest value Lake Oswego apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,550 with a $1.51 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.
Capitola Commons2BR/2BA (1,087sq ft)2BR,2BA$1.59
Grace Manor Apartments3bd1bth3BR,1BA$1.51
Westview Townhomes2bd/1.5Bth2BR,1.5BA$1.73
Fox Pointe2 Bedroom, 1 Bath B2BR,1BA$1.63
The FieldsTWO BEDROOM2BR,1BA$1.72
Gatehouse Apartments2x22BR,2BA$1.72
LuDon Luradel2BR/1.0BA2BR,1BA$1.67
ReNew West TualatinSaum2BR,1BA$1.45
Fairfield Park ApartmentsUpstairs2BR,1BA$1.76
2121 Multnomah2x1R2BR,1BA$1.77

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!

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Don'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.

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A 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

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Real 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.

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Best Local Schools in
Lake Oswego, OR

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

Explore Lake Oswego, OR Rentals by Map

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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 Dutch Village Apartments listed at $1,185.

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

The lowest price for a Cheap One Bedroom Lake Oswego Apartment is $1,160 at #306 WOODSIDE VISTA.

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 $1,250 at Grace Manor 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

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

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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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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

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From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.