Cheap Homes for Rent in Forest Highlands Neighborhood of Lake Oswego, OR from $1,400 (5 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Forest Highlands, Lake Oswego, OR Local Guide

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 Nehalem 13 priced from $1,295. Holm at Sellwood has the second lowest priced unit, which is a Studio apartment currently listed from $1,399. Here are the most affordable Forest Highlands apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Nehalem 13StudioStudio,1BA$1,295
Holm at SellwoodStudio AStudio,1BA$1,399
tenin011BR/1.0BA1BR,1BA$1,445

Best Value Apartments for Rent in Forest Highlands, OR

As of December 08, 2025 the best value apartment in the Forest Highlands area is the $2.03 price per square foot The Morgan PDX F Model at The Morgan in the in the Southeast Portland neighborhood starting from $2,254. The second greatest value Forest Highlands apartment is the Plan D Model at Birnam Oaks at Waverley Greens starting at $3,700 with a $3.83 price per square foot in the Eastmoreland neighborhood. Here is today’s list of the best values for Forest Highlands apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The MorganThe Morgan PDX F2BR,2BA$2.03
Birnam Oaks at Waverley GreensPlan D1BR,1BA$3.83
1412 SW Custer Dr, Unit Upper View Unit1412 SW Custer Dr2BR,1BA$1.93
Steeple Townhomes1x11BR,1BA$2.45
1626 Southeast Lexington Street, Unit 31626 Southeast Lexington Street2BR,1BA$2.46
Holm at Sellwood1x1A21BR,1BA$3.21
tenin011BR/1.0BA1BR,1BA$3.09
Nehalem 13StudioStudio ,1BA$3.27

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Pet Friendly Lifestyle
Forest Highlands, Lake Oswego, OR

Ranked #19

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Forest Highlands, Lake Oswego, OR

School data provided by Great Schools

Frequently Asked Questions about Forest Highlands

What type of rentals are currently available in Forest Highlands?

There are currently 76 Apartments for Rent in Forest Highlands, OR with pricing that ranges from $1,175 to $3,700. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Highlands ranging from $1,495 to $3,995.

What is the current price range for Rental Homes in Forest Highlands?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Highlands ranges from $1,495 to $3,995 with an average monthly rent of $2,933.

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

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!