Cheap Apartments for Rent in Lake Oswego, OR from $1,075 (169 Rentals)

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

property at 50 Northshore Rd

$1,395

Total Monthly Price

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Base Rent
$1,395

Total Monthly Price
$1,395

Studio, 1 Bath Home for Rent

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50 Northshore Rd

Lake OswegoOR97034
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Parkridge Apartments
Rent Specials
$1,452 - $3,072
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$1,452 - $3,072

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Studio to 3 Bedroom Apartments Available Now

Parkridge Apartments

215 Greenridge DrLake Oswego, OR 97035
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Willow Apartments
$1,792 - $4,830
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$1,792 - $4,830

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1 to 3 Bedroom Apartments Available Now

Willow Apartments

5600 Meadows RdLake Oswego, OR 97035
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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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Mercato Grove
Rent Specials
$1,900 - $5,724
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$1,900 - $5,724

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Studio to 3 Bedroom Apartments Available Now

Mercato Grove

3975-4055 Mercantile DrLake 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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Bay Roc Apartments
Studio to 2 Bedroom Apartments

Bay Roc Apartments

667 McVey AveLake Oswego, OR 97034

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Haven Lake Oswego
1 to 2 Bedroom Apartments

Haven Lake Oswego

15000 Davis LnLake Oswego, OR 97035
Corporate Housing

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

property at 8332 SW 21st Ave

$1,195 - $1,495

1 To 2 Bedroom Rentals

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8332 SW 21st Ave

PortlandOR97219

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Henley Place
Rent Specials
$1,295 - $3,874
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Total Monthly Price

Base Rent
$1,295 - $3,874

Total Monthly Price
$1,295 - $3,874
Studio to 2 Bedroom Apartments Available Now

Henley Place

10306 SE Main StMilwaukie, OR 97222
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Attwell off Main
Rent Specials
$1,341 - $5,601
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$1,341 - $5,601

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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 Alden
$1,349 - $1,913
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$1,349 - $1,913

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1 to 3 Bedroom Apartments Available Now

The Alden

7800 SW Sagert StTualatin, OR 97062
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Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 08/29/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Oldtown$1,690$1,07561

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 ListingModel NameBed/BathPriced From
Lake Village and Lakewood Apartments0x1Studio,1BA$1,075
Todd Village ApartmentsMt. BakerStudio,1BA$1,105
Ridgeview Terrace1x11BR,1BA$1,200
Indian Hills Apartments1BR/1.0BA1BR,1BA$1,200
Hunt ClubPlan A11BR,1BA$1,208
Grace Manor Apartments2bd1bth2BR,1BA$1,250
Capitol Park1 bed-1 bath1BR,1BA$1,250
Terrace View ApartmentsOne-Bedroom1BR,1BA$1,275
Dutch Village Apartments1x11BR,1BA$1,275
Overlook at the WillametteStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
8385 SW Avery St, Unit 1018385 SW Avery St2BR,1BA$1.67
Capitol Gardens3 Bed Townhome3BR,1.5BA$1.62
Fox Pointe Apartments3 Bedroom, 1 Bath3BR,1BA$1.61
Churchill Gardens Apartments2733x13BR,1BA$1.50
Grace Manor Apartments3bd1bth3BR,1BA$1.51
Heritage Crossing Townhome Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.66
Gatehouse Apartments2x22BR,2BA$1.72
LuDon Luradel2BR/1.0BA2BR,1BA$1.67
ReNew West TualatinSaum2BR,1BA$1.73
Indian Hills Apartments1BR/1.0BA1BR,1BA$1.74

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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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 $1,290.

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

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