Cheap Homes for Rent in First Addition Neighborhood of Lake Oswego, OR from $1,300 (6 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 Lake Village priced from $1,050. Park Hamlin - 2323 SE Harrison has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable First Addition apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Lake Village0x1Studio,1BA$1,050
Park Hamlin - 2323 SE Harrison1BR/1.0BA1BR,1BA$1,295
Overlook at the WillametteStudioStudio,1BA$1,380

Best Value Apartments for Rent in First Addition, OR

As of October 29, 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 2BR/1.5BA Model at PARG -Risley & East Avenue starting at $1,475 with a $1.34 price per square foot in the Glenmorrie 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
PARG -Risley & East Avenue2BR/1.5BA2BR,1.5BA$1.34
Parkridge Apartments2x12BR,1BA$2.21
Miramonte LodgeSt. Johns1BR,1BA$1.97
Images Springcreek Apartments1BR/1.0BA1BR,1BA$2.39
9727 SE 33rd Ave, Unit 19727 SE 33rd Ave1BR,1BA$2.25
1691 Parrish St, Unit Your home away from home1691 Parrish St1BR,1BA$2.56
Overlook at the WillametteOne Bedroom1BR,1BA$2.46
Banbury ApartmentsOne Bedroom/A1BR,1BA$2.35
Park Hamlin - 2323 SE Harrison1BR/1.0BA1BR,1BA$2.50

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Pet Friendly Lifestyle
First Addition, Lake Oswego, OR

Ranked #14

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about First Addition

What type of rentals are currently available in First Addition?

There are currently 112 Apartments for Rent in First Addition, OR with pricing that ranges from $1,050 to $5,748. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Addition ranging from $1,395 to $5,250.

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 $1,395 to $5,250 with an average monthly rent of $2,697.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.