Cheap Homes for Rent in Lake Oswego, OR from $700 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in Lake Oswego.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-23, Page 1 of 1

Lake Oswego, OR Local Guide

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a Studio unit found at Lake Village in the Foothills neighborhood priced from $1,075. Alongside Senior Apartments in the Far Southwest Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,096. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lake Village0x1Studio,1BA$1,075
Alongside Senior Apartments1 Bedroom1BR,1BA$1,096
Quail Ridge ApartmentsStudio SmallStudio,1BA$1,175
Asher Park ApartmentsOne-Bedroom1BR,1BA$1,200
Ridgeview Terrace1x11BR,1BA$1,200

Best Value Apartments for Rent in Lake Oswego, OR

As of June 04, 2025 the best value apartment in the Lake Oswego area is the $1.33 price per square foot 3900 Canal Rd Model at 3900 Canal Rd in the in the Childs neighborhood starting from $1,799. The second greatest value Lake Oswego apartment is the Plan C Model at Waverley & Stuart Hall starting at $2,120 with a $1.65 price per square foot in the Eastmoreland neighborhood. Here is today’s list of the best values for Lake Oswego apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3900 Canal Rd3900 Canal Rd1BR,1BA$1.33
Waverley & Stuart HallPlan C2BR,2BA$1.65
Tualatin HeightsPlan C2B3BR,2BA$1.65
Heritage Crossing Townhome Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.61
Westview Townhomes2bd/1.5Bth2BR,1.5BA$1.73
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
2222 Apartments2BR/2.0BA2BR,2BA$1.67
River Cliff ApartmentsLayout A2BR,1BA$1.59
Gatehouse Apartments2x22BR,2BA$1.72
Silver Creek Apartments2x12BR,1BA$1.66

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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Frequently Asked Questions about Lake Oswego

What type of rentals are currently available in Lake Oswego?

There are currently 382 Apartments for Rent in Lake Oswego, OR with pricing that ranges from $660 to $10,000. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Oswego ranging from $750 to $7,000.

What is the current price range for Rental Homes in Lake Oswego?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Oswego ranges from $750 to $7,000 with an average monthly rent of $3,103.

How much are larger Three and Four Bedroom Rentals in Lake Oswego?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Oswego range from $1,495 to $10,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $5,800. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $4,100.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

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.

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

Written by: Lauren Harrington

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.

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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.