Cheap Homes for Rent in Lake Oswego, OR from $1,300 (29 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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property at 14267 Uplands Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

14267 Uplands Dr

Lake OswegoOR97034

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 6765 Montauk Cir

$1,835

Total Monthly Price

Total Monthly Price

Base Rent
$1,835
Total Monthly Price
$1,835

2 Bedroom, 1 Bath Condo for Rent

Available Now

6765 Montauk Cir, Unit 6765

6765 Montauk Cir
Lake OswegoOR97035
property at 1404 SW Dickinson Ln

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

1 Bedroom, 1 Bath Home for Rent

Available Now

1404 SW Dickinson Ln

PortlandOR97219

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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Showing Results 1-29, Page 1 of 1

Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 06/18/2026

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$2,512$1,15058

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a Studio unit found at #299 JANEWOOD WEST in the Far Southwest Portland neighborhood priced from $1,050. Rolling Hills Apartments in the Childs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
#299 JANEWOOD WESTStudioStudio,1BA$1,050
Rolling Hills ApartmentsSuper Studio1BR,1BA$1,150
Dutch Village Apartments0x1Studio,1BA$1,185
Dartmouth Crossing NorthOne Bedroom1BR,1BA$1,216
Todd Village ApartmentsMt. BakerStudio,1BA$1,240
Churchill Gardens Apartments2731x11BR,1BA$1,250
Capitol Park1 bed-1 bath1BR,1BA$1,250
Grace Manor Apartments2bd1bth2BR,1BA$1,250
Shorewood Terrace Apartments1 Bedroom Ground1BR,1BA$1,295
Ridgeview Terrace1x11BR,1BA$1,295

Best Value Apartments for Rent in Lake Oswego, OR

As of June 18, 2026 the best value apartment in the Lake Oswego area is the $1.59 price per square foot 2BR/2BA (1,087sq ft) Model at Capitola Commons Apartments in the in the Far Southwest Portland neighborhood starting from $1,725. The second greatest value Lake Oswego apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,550 with a $1.51 price per square foot in the Far Southwest Portland 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.
Capitola Commons Apartments2BR/2BA (1,087sq ft)2BR,2BA$1.59
Grace Manor Apartments3bd1bth3BR,1BA$1.51
Westview Townhomes2bd/1.5Bth2BR,1.5BA$1.73
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
7105 Montauk Cir, Unit 71057105 Montauk Cir2BR,1BA$1.71
The FieldsTWO BEDROOM2BR,1BA$1.65
Fox Pointe2 Bedroom, 1 Bath B2BR,1BA$1.63
Gatehouse Apartments2x22BR,2BA$1.72
LuDon Luradel2BR/1.0BA2BR,1BA$1.67
Indian Hills Apartments2BR/1.0BA2BR,1BA$1.65

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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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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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Best Local Schools in
Lake Oswego, OR

School data provided by Great Schools

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

Explore Lake Oswego, OR Rentals by Map

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Frequently Asked Questions about Lake Oswego

What type of rentals are currently available in Lake Oswego?

There are currently 387 Apartments for Rent in Lake Oswego, OR with pricing that ranges from $1,145 to $9,824. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Oswego ranging from $1,350 to $7,500.

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 $1,350 to $7,500 with an average monthly rent of $3,472.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

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From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.