
Cheap Apartments for Rent in the Forest Highlands Neighborhood of Lake Oswego, OR from $1,100 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Highlands area of Lake Oswego.


1313 SE Spokane St

Terwilliger

Sanctuary Apartments

Overlook at the Willamette
The Art of the Rental Viewing: What to look for during a property tour
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Miramonte Lodge

1111 SE Tenino St

Axletree Apartments

Holm at Sellwood

Seven Acres

Henley Place

1844 SW Evans St
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The Morgan

1111 SE Tenino St

8843 SE 15th Pl

714 SE Tacoma St
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Forest Highlands, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Forest Highlands?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Forest Highlands Studio Apartments | $1,422 | $1,225 | $1,694 |
Forest Highlands 1 Bedroom Apartments | $1,709 | $1,300 | $3,700 |
Forest Highlands 2 Bedroom Apartments | $2,475 | $1,495 | $5,550 |
Forest Highlands 3 Bedroom Apartments | $2,634 | $2,280 | $3,395 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Forest Highlands Neighborhood of Lake Oswego, OR.
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Forest Highlands, Lake Oswego, OR Local Guide
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Cheapest Available Forest Highlands Apartments for Rent
 The cheapest available apartment rental in the Forest Highlands area of Portland, OR is a Studio unit found at Sanctuary Apartments priced from $1,305. Overlook at the Willamette has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable Forest Highlands apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Sanctuary Apartments | Hamilton A | Studio,1BA | $1,305 |
Overlook at the Willamette | Studio | Studio,1BA | $1,325 |
Miramonte Lodge | Morrison | Studio,1BA | $1,345 |
tenin01 | 0BR/1.0BA | Studio,1BA | $1,345 |
Holm at Sellwood | Studio A | Studio,1BA | $1,440 |
Best Value Apartments for Rent in Forest Highlands, OR
As of June 02, 2025 the best value apartment in the Forest Highlands area is the $3.00 price per square foot Plan E Model at Birnam Oaks at Waverley Greens in the in the Eastmoreland neighborhood starting from $2,950. The second greatest value Forest Highlands apartment is the The Morgan PDX C Model at The Morgan starting at $1,579 with a $2.16 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Forest Highlands apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Birnam Oaks at Waverley Greens | Plan E | 1BR,1BA | $3.00 |
The Morgan | The Morgan PDX C | 1BR,1BA | $2.16 |
Seven Acres | Goldenrod - Bldg 1 | 1BR,1BA | $2.77 |
One Jefferson | A1 | 1BR,1BA | $2.85 |
Holm at Sellwood | 1x1B_L | 1BR,1BA | $3.16 |
Overlook at the Willamette | Studio | Studio ,1BA | $2.33 |
Axletree Apartments | Kellogg | Studio ,1BA | $2.76 |
Miramonte Lodge | Morrison | Studio ,1BA | $2.78 |
Henley Place | The Maple | Studio ,1BA | $3.11 |
Sanctuary Apartments | Hamilton A | Studio ,1BA | $2.98 |
Quick Rent Budget Calculator
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.
Pet Friendly LifestyleForest Highlands, Lake Oswego, OR
Ranked #24
Among neighborhoods in Lake Oswego, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Forest Highlands, Lake Oswego, OR
Capitol Hill Elementary School
School data provided by Great Schools
Frequently Asked Questions about Cheap Forest Highlands Apartments
What is a cheap apartment in Forest Highlands?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Forest Highlands is under $1,684.
What is the price of a cheap apartment in Forest Highlands?
The cheapest apartment in Forest Highlands is Miramonte Lodge which is listed at $1,445, while the average apartment in Forest Highlands costs $4,500.
What types of apartments are the cheapest in Forest Highlands?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Forest Highlands that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Forest Highlands?
Cheap apartments in Forest Highlands have an average cost of $235 which is $4,265 cheaper than the average rent for all rentals in Forest Highlands.
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 Art of the Rental Viewing: What to look for during a property tour
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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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.