14832 SE Cedar Ave
MilwaukieOR97267
Cheap Homes for Rent in First Addition Neighborhood of Lake Oswego, OR from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the First Addition area of Lake Oswego.
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$1,3991 Bedroom Apartments Available Now
667 McVey Ave, Unit 103
667 McVey AveLake Oswego, OR 97034
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$1,450Studio Apartments Available Jul 5
3309 SE Evergreen Ave, Unit 3309 SE Evergreen Ave
3309 SE Evergreen AveMilwaukie, OR 97222
47 Eagle Crest Dr
Lake OswegoOR97035
15566 SE Lark Ave
MilwaukieOR97267
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
3025 SE Maple St
PortlandOR97267
14267 Uplands Dr
Lake OswegoOR97034
1404 SW Dickinson Ln
PortlandOR97219
2952 SW Huber St
PortlandOR97219
14020 SE Arista Dr
MilwaukieOR97267
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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First Addition, Lake Oswego, OR Local Guide
How much does it cost to rent a home in First Addition?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| First Addition 2 Bedroom Homes for Rent | $2,733 | $1,395 | $5,000 |
| First Addition 3 Bedroom Homes for Rent | $3,567 | $1,895 | $6,500 |
| First Addition 4 Bedroom Homes for Rent | $4,522 | $2,795 | $7,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the First Addition Neighborhood of Lake Oswego, OR.
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First Addition, Lake Oswego, OR Local Guide
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Cheapest Available First Addition Apartments for Rent
The cheapest available apartment rental in the First Addition area of Portland, OR is a 1 Bed unit found at Hillside Manor priced from $835. Dutch Village Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,185. Here are the most affordable First Addition apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillside Manor | 1x1 | 1BR,1BA | $835 |
| Dutch Village Apartments | 0x1 | Studio,1BA | $1,185 |
| Shorewood Terrace Apartments | 1 Bedroom Garden | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in First Addition, OR
As of June 13, 2026 the best value apartment in the First Addition area is the $2.33 price per square foot 3BR/2.0BA Model at Lake Village in the in the Foothills neighborhood starting from $3,495. The second greatest value First Addition apartment is the 2 Bedroom / 1.0 Bath townhome Model at Tara West Apartments starting at $1,600 with a $1.59 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Village | 3BR/2.0BA | 3BR,2BA | $2.33 |
| Tara West Apartments | 2 Bedroom / 1.0 Bath townhome | 2BR,1.5BA | $1.59 |
| Arista Townhomes | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.96 |
| Willamette Townhouse | 2x1 | 2BR,1BA | $1.84 |
| Maple Grove Court | 2x1 | 2BR,1BA | $1.88 |
| Parkridge Apartments | 2x1 | 2BR,1BA | $2.07 |
| Uptown at Lake Oswego | (295) 1BR (700sq ft #1, 4, 8, 10, 12) | 1BR,1BA | $2.29 |
| Parkside Heights | One Bedroom | 1BR,1BA | $1.98 |
| Shorewood Terrace Apartments | 1 Bedroom Ground | 1BR,1BA | $1.90 |
| The Milwaukian | 2 Bedroom | 2BR,1BA | $2.30 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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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)
10 out of 10
School data provided by Great Schools
Frequently Asked Questions about First Addition
What type of rentals are currently available in First Addition?
There are currently 109 Apartments for Rent in First Addition, OR with pricing that ranges from $1,150 to $5,200. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Addition ranging from $1,395 to $7,500.
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 $7,500 with an average monthly rent of $3,125.
Expert Rental Resources
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.
Helpful Local Expert Guides
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.
Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.
From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.