Cheap Homes for Rent in Lake Oswego, OR from $1,200 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
property at 18 Northview Ct

18 Northview Ct

Lake OswegoOR97035

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.

Read Article
Showing Results 1-18, Page 1 of 1

Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 07/21/2025

Current apartment rentals in the Lake Oswego, OR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lake Oswego Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Oldtown$2,662$1,12595

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a 1 Bed unit found at Alongside Senior Apartments in the Far Southwest Portland neighborhood priced from $1,096. Indian Hills Apartments in the Far Southwest Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Alongside Senior Apartments1 Bedroom1BR,1BA$1,096
Indian Hills ApartmentsStuidoStudio,1BA$1,100
Oak Grove Village Apartments1 Bed 1 Bath1BR,1BA$1,225
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
Dutch Village Apartments0x1Studio,1BA$1,275

Best Value Apartments for Rent in Lake Oswego, OR

As of July 22, 2025 the best value apartment in the Lake Oswego area is the $1.69 price per square foot 2 Bed 1.5 Bath Townhome 1149SF Model at Larkspur West Linn in the in the Glenmorrie neighborhood starting from $1,940. The second greatest value Lake Oswego apartment is the 3bd/1.5Bth Model at Westview Townhomes starting at $1,995 with a $1.79 price per square foot in the Glenmorrie 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.
Larkspur West Linn2 Bed 1.5 Bath Townhome 1149SF2BR,1.5BA$1.69
Westview Townhomes3bd/1.5Bth3BR,1.5BA$1.79
1932 Sunburst Ter, Unit Apartment1932 Sunburst Ter1BR,1BA$1.64
Martinazzi Village3 Bed 2 Bath3BR,2BA$1.70
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Gatehouse Apartments2x22BR,2BA$1.67
The York2x1L2BR,1BA$1.55
ReNew West TualatinSaum2BR,1BA$1.78
Todd Village ApartmentsMt. Shasta2BR,1.3BA$1.77
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1.70

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lake Oswego

What type of rentals are currently available in Lake Oswego?

There are currently 391 Apartments for Rent in Lake Oswego, OR with pricing that ranges from $1,100 to $10,000. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Oswego ranging from $1,295 to $6,995.

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 $1,295 to $6,995 with an average monthly rent of $3,251.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.