
Cheap 1 Bedroom Apartments for Rent in the First Addition Neighborhood of Lake Oswego, OR from $1,250 (19 Rentals)


Mercy Greenbrae

Parkridge Apartments
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.

15028 SE Arista Dr

15030 SE Arista Dr

Overlook at the Willamette

Miramonte Lodge
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.
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.
First Addition, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in First Addition?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
First Addition Studio Apartments | $1,550 | $1,225 | $2,690 |
First Addition 1 Bedroom Apartments | $1,835 | $1,250 | $3,700 |
First Addition 2 Bedroom Apartments | $2,481 | $1,450 | $7,625 |
First Addition 3 Bedroom Apartments | $2,750 | $1,841 | $4,000 |
First Addition 4 Bedroom Apartments | $3,900 | $3,900 | $3,900 |
Explore Lake Oswego
First Addition, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Frequently Asked Questions about Cheap First Addition Apartments
What is a cheap apartment in First Addition?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in First Addition is under $1,505.
What is the price of a cheap apartment in First Addition?
The cheapest apartment in First Addition is Dutch Village Apartments which is listed at $1,300, while the average apartment in First Addition costs $3,900.
What types of apartments are the cheapest in First Addition?
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 15 regular apartments in First Addition 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 First Addition?
Cheap apartments in First Addition have an average cost of $203 which is $3,697 cheaper than the average rent for all rentals in First Addition.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.