Cheap Homes for Rent in First Addition Neighborhood of Lake Oswego, OR from $700 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the First Addition area of Lake Oswego.

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.

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.

First Addition, Lake Oswego, OR Local Guide

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 $1,210. Dutch Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable First Addition apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Miramonte LodgeMorrisonStudio,1BA$1,210
Dutch Village Apartments1x11BR,1BA$1,300
Overlook at the WillametteStudioStudio,1BA$1,315

Best Value Apartments for Rent in First Addition, OR

As of June 15, 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 $1,695 with a $1.54 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Images Springcreek Apartments3BR/2.0BA3BR,2BA$2.07
Willamette Townhouse2x1.52BR,1.5BA$1.54
River Cliff ApartmentsLayout A2BR,1BA$1.59
Oswego Pointe1 Bed 1 Bath1BR,1BA$2.20
Parkridge Apartments1 loft small1BR,1BA$2.11
Lake Village2x12BR,1BA$1.96
Banbury ApartmentsOne Bedroom/B1BR,1BA$2.57
Dutch Village Apartments1x11BR,1BA$2.24
Overlook at the WillametteStudioStudio ,1BA$2.32
Miramonte LodgeMorrisonStudio ,1BA$2.50

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Frequently Asked Questions about First Addition

What type of rentals are currently available in First Addition?

There are currently 115 Apartments for Rent in First Addition, OR with pricing that ranges from $660 to $7,625. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Addition ranging from $750 to $7,000.

What is the current price range for Rental Homes in First Addition?

Today's rental pricing for Homes for Rent, Condos and Townhomes in First Addition ranges from $750 to $7,000 with an average monthly rent of $3,294.

How much are larger Three and Four Bedroom Rentals in First Addition?

For those who are looking for larger living arrangements, Three Bedroom Apartments in First Addition range from $1,841 to $4,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $4,650. Four Bedroom Single-Family rentals are also available starting from $7,000 and Four Bedroom Apartments start at $3,900.

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.

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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.

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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.

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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.

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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.