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from $1,2951 to 5 Bedroom Apartments Available Now
One Jefferson
1 Jefferson PkyLake Oswego, OR 97035
Cheap Apartments for Rent in the First Addition Neighborhood of Lake Oswego, OR from $600 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the First Addition area of Lake Oswego.
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from $1,3271 to 3 Bedroom Apartments Contact Us For Availability
Mercy Greenbrae
3190 Furman DrLake Oswego, OR 97034
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from $1,430Studio to 3 Bedroom Apartments Available Now
Parkridge Apartments
215 Greenridge DrLake Oswego, OR 97035
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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.
13003 SE Oatfield Rd
MilwaukieOR97222
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from $1,210Studio to 2 Bedroom Apartments Available Now
Miramonte Lodge
12200 SE McLoughlin BlvdMilwaukie, OR 97222
15028 SE Arista Dr
PortlandOR97267
15030 SE Arista Dr
PortlandOR97267
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from $1,295Studio to 3 Bedroom Apartments Contact Us For Availability
Driftwood Terrace Apartments
13455 SE Oatfield RdMilwaukie, OR 97222
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from $1,315Studio to 3 Bedroom Apartments Available Now
Overlook at the Willamette
12601 SE River RdMilwaukie, OR 97222
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from $1,369Studio to 2 Bedroom Apartments Available Now
Axletree Apartments
11125 SE 21st StMilwaukie, OR 97222
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from $1,440Studio to 2 Bedroom Apartments Available Now
Holm at Sellwood
8220 SE 6th AvePortland, OR 97202
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from $1,460Studio to 3 Bedroom Apartments Available Now
Seven Acres
10999 SE 37th AveMilwaukie, OR 97222
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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from $1,470Studio to 2 Bedroom Apartments Available Now
Henley Place
10306 SE Main StMilwaukie, OR 97222
15038 SE Arista Dr
PortlandOR97267
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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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Showing Results 1-31, Page 1 of 1
First Addition, Lake Oswego, OR Local Guide
View of Lakewood Bay, Oswego Lake by Wiki User: Esprqii is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in First Addition?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| First Addition Studio Apartments | $1,484 | $1,220 | $2,690 |
| First Addition 1 Bedroom Apartments | $1,797 | $1,250 | $3,700 |
| First Addition 2 Bedroom Apartments | $2,454 | $1,450 | $7,625 |
| First Addition 3 Bedroom Apartments | $2,737 | $1,841 | $4,000 |
| First Addition 4 Bedroom Apartments | $4,100 | $4,100 | $4,100 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the First Addition Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
First Addition, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Available First Addition Apartments for Rent
The cheapest available apartment rental in the First Addition area of Portland, OR is a Studio unit found at Miramonte Lodge priced from $1,220. Overlook at the Willamette has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable First Addition apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Miramonte Lodge | Morrison | Studio,1BA | $1,220 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,325 |
| Axletree Apartments | Kellogg | Studio,1BA | $1,403 |
| Holm at Sellwood | Studio A | Studio,1BA | $1,440 |
| Lake Village | 2x1 | 2BR,1BA | $1,450 |
| Seven Acres | Currant - Bldg 1 | Studio,1BA | $1,460 |
| Henley Place | The Maple | Studio,1BA | $1,470 |
| Banbury Apartments | One Bedroom/A | 1BR,1BA | $1,505 |
| Parkridge Apartments | 1 bed/1 bath | 1BR,1BA | $1,520 |
| One Jefferson | A4 | 1BR,1BA | $1,542 |
Best Value Apartments for Rent in First Addition, OR
As of June 14, 2025 the best value apartment in the First Addition area is the $2.07 price per square foot 3BR/2.0BA Model at Images Springcreek Apartments in the in the Eastmoreland neighborhood starting from $2,495. The second greatest value First Addition apartment is the 2x1.5 Model at Willamette Townhouse starting at $1,750 with a $1.59 price per square foot in the Eastmoreland neighborhood. Here is today’s list of the best values for First Addition apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Images Springcreek Apartments | 3BR/2.0BA | 3BR,2BA | $2.07 |
| Willamette Townhouse | 2x1.5 | 2BR,1.5BA | $1.59 |
| River Cliff Apartments | Layout A | 2BR,1BA | $1.59 |
| Oswego Pointe | 1 Bed 1 Bath | 1BR,1BA | $2.20 |
| Parkridge Apartments | 1 loft small | 1BR,1BA | $2.11 |
| Lake Village | 2x1 | 2BR,1BA | $1.96 |
| Banbury Apartments | One Bedroom/A | 1BR,1BA | $2.35 |
| Overlook at the Willamette | Studio | Studio ,1BA | $2.33 |
| Axletree Apartments | Kellogg | Studio ,1BA | $2.67 |
| Miramonte Lodge | Morrison | Studio ,1BA | $2.52 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFirst Addition, Lake Oswego, OR
Ranked #16
Among neighborhoods in Lake Oswego, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in First Addition, Lake Oswego, OR
Forest Hills Elementary School
Lake Oswego School District 7j
Public School - Grades K-5 (419)
8 out of 10
Lake Oswego Senior High School
Lake Oswego School District 7j
Public School - Grades 9-12 (1245)
9 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Southern Portland. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
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 $1,542.
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 $4,100.
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 16 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 $188 which is $3,912 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.