
Cheap Homes for Rent in Blue Heron Neighborhood of Lake Oswego, OR from $1,700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Blue Heron area of Lake Oswego.


19655 SW 65th Ave, Unit 29

7060 SW Montauk Cir

15938 Quarry Rd

14655 SW 76th Ave

14267 Uplands Dr
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.

6951 SW Montauk Cir

6765 Montauk Cir, Unit 6765

3930 Lake Grove Ave

4000 Carman Dr

19684 SW 68th Ave

19846 SW 68th Ave, Unit 19852
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.
Blue Heron, Lake Oswego, OR Local Guide

How much does it cost to rent a home in Blue Heron?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Blue Heron 2 Bedroom Homes for Rent | $1,864 | $1,735 | $1,995 |
| Blue Heron 3 Bedroom Homes for Rent | $3,038 | $1,800 | $3,629 |
| Blue Heron 4 Bedroom Homes for Rent | $2,949 | $2,400 | $3,499 |
| Blue Heron 5 Bedroom Homes for Rent | $5,995 | $5,995 | $5,995 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Blue Heron Neighborhood of Lake Oswego, OR.
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Blue Heron, Lake Oswego, OR Local Guide
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Cheapest Available Blue Heron Apartments for Rent
 The cheapest available apartment rental in the Blue Heron area of Portland, OR is a 1 Bed unit found at Rolling Hills Apartments priced from $1,160. Hunt Club has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,410. Here are the most affordable Blue Heron apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rolling Hills Apartments | Super Studio | 1BR,1BA | $1,160 |
| Hunt Club | Plan A1 | 1BR,1BA | $1,410 |
| Stonesthrow Apartments | A1 | 1BR,1BA | $1,467 |
| Commons on the Tualatin River | Sandy | Studio,1BA | $1,550 |
| The Fields | TWO BEDROOM | 2BR,1BA | $1,575 |
Best Value Apartments for Rent in Blue Heron, OR
As of June 08, 2026 the best value apartment in the Blue Heron area is the $1.80 price per square foot 2 Bedroom, 2 Bath Model at Hampton Ridge Apartments in the in the Far Southwest Portland neighborhood starting from $1,850. The second greatest value Blue Heron apartment is the 7105 Montauk Cir Model at 7105 Montauk Cir, Unit 7105 starting at $1,675 with a $1.71 price per square foot in the Childs neighborhood. Here is today’s list of the best values for Blue Heron apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hampton Ridge Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.80 |
| 7105 Montauk Cir, Unit 7105 | 7105 Montauk Cir | 2BR,1BA | $1.71 |
| The Fields | TWO BEDROOM | 2BR,1BA | $1.62 |
| Bonita Villa | 2 Bedroom 1 Bath | 2BR,1BA | $1.99 |
| ReNew Laurelwood | Barberry | 2BR,1BA | $2.00 |
| Montage | One Bedroom B2 | 1BR,1BA | $2.65 |
| Hunt Club | Plan A1 | 1BR,1BA | $2.19 |
| Eddyline at Bridgeport | Residence 2 | 1BR,1BA | $2.51 |
| Commons on the Tualatin River | Zig Zag | 1BR,1BA | $2.80 |
| Rolling Hills Apartments | Super Studio | 1BR,1BA | $2.23 |
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 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 Blue Heron, Lake Oswego, OR
Lake Grove Elementary School
School data provided by Great Schools
Frequently Asked Questions about Blue Heron
What type of rentals are currently available in Blue Heron?
There are currently 58 Apartments for Rent in Blue Heron, OR with pricing that ranges from $1,158 to $4,877. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Blue Heron ranging from $1,735 to $5,995.
What is the current price range for Rental Homes in Blue Heron?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Blue Heron ranges from $1,735 to $5,995 with an average monthly rent of $3,148.
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

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
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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.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
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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.

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

From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
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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.
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Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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