Cheap Homes for Rent in First Addition Neighborhood of Lake Oswego, OR from $1,400 (7 Rentals)

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

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 Dutch Village Apartments priced from $1,275. Park Hamlin - 2323 SE Harrison has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here are the most affordable First Addition apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Dutch Village Apartments0x1Studio,1BA$1,275
Park Hamlin - 2323 SE Harrison1BR/1.0BA1BR,1BA$1,395
Driftwood Terrace Apartments2x12BR,1BA$1,425

Best Value Apartments for Rent in First Addition, OR

As of August 01, 2025 the best value apartment in the First Addition area is the $1.50 price per square foot 2x1.5 Model at Willamette Townhouse in the in the Eastmoreland neighborhood starting from $1,650. The second greatest value First Addition apartment is the 2x2 Model at Parkridge Apartments starting at $1,992 with a $1.95 price per square foot in the Far Southwest Portland 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.
Willamette Townhouse2x1.52BR,1.5BA$1.50
Parkridge Apartments2x22BR,2BA$1.95
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Oswego Pointe1 Bed 1 Bath1BR,1BA$2.11
Driftwood Terrace Apartments2x12BR,1BA$1.78
Lake Village2x12BR,1BA$1.96
Images Springcreek Apartments1BR/1.0BA1BR,1BA$2.39
Miramonte LodgeMarquam1BR,1BA$2.24
Banbury ApartmentsOne Bedroom/C1BR,1BA$2.36
Dutch Village Apartments0x1Studio ,1BA$2.20

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Frequently Asked Questions about First Addition

What type of rentals are currently available in First Addition?

There are currently 116 Apartments for Rent in First Addition, OR with pricing that ranges from $1,250 to $5,550. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Addition ranging from $1,425 to $7,989.

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 $1,425 to $7,989 with an average monthly rent of $3,987.

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 $2,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $6,250. Four Bedroom Single-Family rentals are also available starting from $3,895 and Four Bedroom Apartments start at $3,295.

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

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.