
Cheap Homes for Rent in First Addition Neighborhood of Lake Oswego, OR from $1,400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the First Addition area of Lake Oswego.


2952 SW Huber St

45 Eagle Crest Dr

15010 SE Linden Ln

2835 SE Harrison St

44 Eagle Crest Dr

9908 SW 29th Pl
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 | $2,212 | $1,425 | $3,000 |
First Addition 3 Bedroom Homes for Rent | $3,474 | $1,895 | $6,250 |
First Addition 4 Bedroom Homes for Rent | $5,980 | $3,895 | $7,989 |
First Addition 5 Bedroom Homes for Rent | $4,283 | $3,899 | $4,700 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Dutch Village Apartments | 0x1 | Studio,1BA | $1,275 |
Park Hamlin - 2323 SE Harrison | 1BR/1.0BA | 1BR,1BA | $1,395 |
Driftwood Terrace Apartments | 2x1 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Willamette Townhouse | 2x1.5 | 2BR,1.5BA | $1.50 |
Parkridge Apartments | 2x2 | 2BR,2BA | $1.95 |
Tara West Apartments | 2 Bedroom / 1.0 Bath townhome | 2BR,1.5BA | $1.59 |
Oswego Pointe | 1 Bed 1 Bath | 1BR,1BA | $2.11 |
Driftwood Terrace Apartments | 2x1 | 2BR,1BA | $1.78 |
Lake Village | 2x1 | 2BR,1BA | $1.96 |
Images Springcreek Apartments | 1BR/1.0BA | 1BR,1BA | $2.39 |
Miramonte Lodge | Marquam | 1BR,1BA | $2.24 |
Banbury Apartments | One Bedroom/C | 1BR,1BA | $2.36 |
Dutch Village Apartments | 0x1 | Studio ,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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
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.

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.