Cheap Apartments for Rent in Lake Oswego, OR from $700 (149 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 50 Northshore Rd

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

Studio, 1 Bath Home for Rent

Available Now

50 Northshore Rd

Lake OswegoOR97034
close
View Me
Parkridge Apartments
Rent Specials
$1,165 - $2,390
Total Monthly Price

Total Monthly Price

Base Rent
$1,165 - $2,390
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Parkridge Apartments

215 Greenridge DrLake Oswego, OR 97035
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Northshore Apartments
Studio to 3 Bedroom Apartments

Northshore Apartments

50 Northshore RdLake Oswego, OR 97034
  • Utilities Included
close
View Me
Mercy Greenbrae
1 to 3 Bedroom Apartments

Mercy Greenbrae

3190 Furman DrLake Oswego, OR 97034
  • Utilities Included
close
View Me
ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
Corporate Housing
  • Utilities Included
close
View Me
Bay Roc Apartments
Studio to 2 Bedroom Apartments

Bay Roc Apartments

667 McVey AveLake Oswego, OR 97034
close
View Me
Haven Lake Oswego
1 to 2 Bedroom Apartments

Haven Lake Oswego

15000 Davis LnLake Oswego, OR 97035
Corporate Housing

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.

Read Article
property at 3641 SW Evelyn St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

5 Bedroom, 2 Bath Home for Rent

Available Now

3641 SW Evelyn St

PortlandOR97219

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.

Read Article
close
View Me
Attwell off Main
Rent Specials
$1,341 - $2,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,341 - $2,689
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Attwell off Main

12850 SW Ash AveTigard, OR 97223
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
The Alden
$1,356 - $2,086
Total Monthly Price

Total Monthly Price

Base Rent
$1,356 - $2,086
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Alden

7800 SW Sagert StTualatin, OR 97062
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
Showing Results 1-50, Page 1 of 3

Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 04/13/2026

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$2,395$1,09583

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a Studio unit found at 2222 Apartments in the Far Southwest Portland neighborhood priced from $1,095. Custer Apartments in the Southwest Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2222 Apartments0BR/1.0BAStudio,1BA$1,095
Custer Apartments1BR/1.0BA1BR,1BA$1,095
Indian Hills Apartments1BR/1.0BA1BR,1BA$1,125
Rolling Hills ApartmentsStudioStudio,1BA$1,135
#305 ASHER PARKOne Bedroom, One Bath1BR,1BA$1,145
#306 WOODSIDE VISTA1x11BR,1BA$1,160
Dutch Village Apartments0x1Studio,1BA$1,185
Dartmouth Crossing NorthOne Bedroom1BR,1BA$1,216
#323 SPRING TERRACE1 Bedroom1BR,1BA$1,240
Grace Manor Apartments2bd1bth2BR,1BA$1,250

Best Value Apartments for Rent in Lake Oswego, OR

As of April 13, 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 Plan C2B Model at Tualatin Heights starting at $2,057 with a $1.75 price per square foot in the Rosewood 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
Tualatin HeightsPlan C2B3BR,2BA$1.75
Fox Pointe3 Bedroom, 1 Bath3BR,1BA$1.57
Grace Manor Apartments3bd1bth3BR,1BA$1.51
The FieldsTWO BEDROOM2BR,1BA$1.65
Gatehouse Apartments2x22BR,2BA$1.72
Capitol Gardens2 Bed. Townhome2BR,1.5BA$1.60
Oak GroveTWO BED2BR,1BA$1.76
2121 Multnomah2x1R2BR,1BA$1.74
Indian Hills Apartments1BR/1.0BA1BR,1BA$1.67

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Decorative image of map

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

View Map
Lake Oswego, OR Apartments Map
View Map
Lake Oswego, OR Rental Homes Map

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 $1,250.

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

The cheapest apartment in Lake Oswego is Custer Apartments which is listed at $1,095, while the average apartment in Lake Oswego costs $2,395.

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 13 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 $272 which is $2,123 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

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.