Cheap Homes for Rent in Lake Oswego, OR from $1,200 (17 Rentals)

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

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Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 09/09/2025

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$2,427$1,21878

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a 1 Bed unit found at Rolling Hills Apartments in the Childs neighborhood priced from $1,185. Oak Grove Village Apartments in the Glenmorrie neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rolling Hills ApartmentsSuper Studio1BR,1BA$1,185
Oak Grove Village Apartments1 Bed 1 Bath1BR,1BA$1,225
Capitol Park1 bed-1 bath1BR,1BA$1,250
Miramonte LodgeMorrisonStudio,1BA$1,255
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260

Best Value Apartments for Rent in Lake Oswego, OR

As of September 09, 2025 the best value apartment in the Lake Oswego area is the $1.19 price per square foot 1055 SW Plum Dr Model at 1055 SW Plum Dr, Unit Basement ADU in the in the Southwest Portland neighborhood starting from $1,900. 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.
1055 SW Plum Dr, Unit Basement ADU1055 SW Plum Dr1BR,1BA$1.19
Waverley & Stuart HallPlan C2BR,2BA$1.65
Larkspur West Linn2 Bed 1.5 Bath Townhome 1130SF2BR,2BA$1.76
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Fox Pointe2 Bedroom, 1 Bath B2BR,1BA$1.59
Gatehouse Apartments2x22BR,2BA$1.67
Maple Grove Court2x12BR,1BA$1.77
The York2x1L2BR,1BA$1.55
ReNew West TualatinSaum2BR,1BA$1.73
Oak GroveTWO BED2BR,1BA$1.76

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lake Oswego, OR

Ranked #9

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lake Oswego

What type of rentals are currently available in Lake Oswego?

There are currently 393 Apartments for Rent in Lake Oswego, OR with pricing that ranges from $1,195 to $5,550. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Oswego ranging from $1,245 to $7,200.

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 $1,245 to $7,200 with an average monthly rent of $2,747.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

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