Cheap Apartments for Rent in Lake Oswego, OR from $800 (144 Rentals)

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

property at 50 Northshore Rd

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125
Total Monthly Price
$1,125

Studio, 1 Bath Home for Rent

Available Now

50 Northshore Rd

Lake OswegoOR97034
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Hunt Club
$1,353 - $2,101
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $2,037
Required Monthly Fees
$64
Total Monthly Price
$1,353 - $2,101
1 to 2 Bedroom Apartments Available Now

Hunt Club

6142 Bonita RdLake Oswego, OR 97035
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Elevation at Mountain Park
$1,409 - $5,149
Total Monthly Price

Total Monthly Price

Base Rent
$1,356 - $5,096
Required Monthly Fees
$53
Total Monthly Price
$1,409 - $5,149
1 to 5 Bedroom Apartments Available Now

Elevation at Mountain Park

1 Jefferson PkyLake Oswego, OR 97035
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property at 15370 Bangy Rd

$1,475 - $1,715

1 To 2 Bedroom Rentals

Available Mar 30

15370 Bangy Rd

Lake OswegoOR97035
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Parkridge Apartments
Rent Specials
$1,480 - $2,490
Total Monthly Price

Total Monthly Price

Base Rent
$1,480 - $2,490
Total Monthly Price
$1,480 - $2,490
Studio to 3 Bedroom Apartments Available Now

Parkridge Apartments

215 Greenridge DrLake Oswego, OR 97035
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Haven Lake Oswego
Rent Specials
$1,571 - $1,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,521 - $1,949
Required Monthly Fees
$50
Total Monthly Price
$1,571 - $1,999
1 to 2 Bedroom Apartments Available Now

Haven Lake Oswego

15000 Davis LnLake Oswego, OR 97035
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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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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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Bay Roc Apartments
Studio to 2 Bedroom Apartments

Bay Roc Apartments

667 McVey AveLake Oswego, OR 97034

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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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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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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Multnomah Station
$1,323 - $2,945
Total Monthly Price

Total Monthly Price

Base Rent
$1,323 - $2,945
Total Monthly Price
$1,323 - $2,945
Studio to 3 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
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Attwell off Main
Rent Specials
$1,341 - $4,220
Total Monthly Price

Total Monthly Price

Base Rent
$1,341 - $4,220
Total Monthly Price
$1,341 - $4,220
Studio to 3 Bedroom Apartments Available Now

Attwell off Main

12850 SW Ash AveTigard, OR 97223
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The Overland
Rent Specials
$1,366 - $2,506
Total Monthly Price

Total Monthly Price

Base Rent
$1,366 - $2,506
Total Monthly Price
$1,366 - $2,506
Studio to 2 Bedroom Apartments Available Now

The Overland

11974 SW 72nd AveTigard, OR 97223
Pet Friendly
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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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Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 02/27/2026

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$2,697$1,12583

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a Studio unit found at Todd Village Apartments in the Rosewood neighborhood priced from $1,115. Rolling Hills Apartments in the Childs 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
Todd Village ApartmentsMt. BakerStudio,1BA$1,115
Rolling Hills ApartmentsSuper Studio1BR,1BA$1,160
Silver Creek Apartments1x11BR,1BA$1,195
Ridgeview Terrace1x11BR,1BA$1,200
2222 Apartments1BR/1.0BA1BR,1BA$1,215
Timbers at TualatinPebbleStudio,1BA$1,233
Capitol Park1 bed-1 bath1BR,1BA$1,250
Grace Manor Apartments2bd1bth2BR,1BA$1,250
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$1,295

Best Value Apartments for Rent in Lake Oswego, OR

As of February 27, 2026 the best value apartment in the Lake Oswego area is the $1.47 price per square foot 2 Bed 2 Bath Model at North Main Village in the in the Eastmoreland neighborhood starting from $1,546. The second greatest value Lake Oswego apartment is the 2BR 2 Bath Model at Spring Terrace Apartments starting at $1,450 with a $1.39 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.
North Main Village2 Bed 2 Bath2BR,2BA$1.47
Spring Terrace Apartments2BR 2 Bath2BR,2BA$1.39
Grace Manor Apartments3bd1bth3BR,1BA$1.51
Heritage Crossing Townhome Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.66
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Fox Pointe2 Bedroom, 1 Bath B2BR,1BA$1.44
The FieldsTWO BEDROOM2BR,1BA$1.62
Capitol Gardens2 Bed. Townhome2BR,1.5BA$1.60
Oak GroveTWO BED2BR,1BA$1.70
Silver Creek Apartments1x11BR,1BA$1.59

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 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 $1,295.

What is the price of a cheap apartment in Lake Oswego?

The cheapest apartment in Lake Oswego is Rolling Hills Apartments which is listed at $1,160, while the average apartment in Lake Oswego costs $2,697.

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 20 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 $327 which is $2,370 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

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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.

decorative image for From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots article

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.