Cheap Apartments for Rent in the Lake Forest Neighborhood of Lake Oswego, OR from $1,000 (44 Rentals)

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

property at 15370 Bangy Rd

15370 Bangy Rd

Lake OswegoOR97035
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ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035
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Villas on the Lake
1 to 2 Bedroom Apartments

Villas on the Lake

18880 SW 84th AveTualatin, OR 97062
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Tualatin Meadows
1 to 2 Bedroom Apartments

Tualatin Meadows

18755 SW 90th AveTualatin, OR 97062
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The Fields Apartments
1 to 3 Bedroom Apartments

The Fields Apartments

7790 SW Hunziker RdTigard, OR 97223
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Edgewood Manor
1 to 2 Bedroom Apartments

Edgewood Manor

14500 SW Hall BlvdTigard, OR 97224
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Fanno Creek Village
Studio to 3 Bedroom Apartments

Fanno Creek Village

13816 SW Fanno Creek DrTigard, OR 97223
Showing Results 1-44, Page 1 of 1

Lake Forest, Lake Oswego, OR Local Guide

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in the Lake Forest area of Portland, OR is a 1 Bed unit found at Greenburg Oaks priced from $1,215. Bonita Villa has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,348. Here are the most affordable Lake Forest apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Greenburg OaksONE BEDROOM1BR,1BA$1,215
Bonita Villa1 Bedroom 1 Bath1BR,1BA$1,348
Timbers at TualatinPebbleStudio,1BA$1,367
Creekside Commons Apartments1 Bed 1 Bath1BR,1BA$1,395
Main Street VillageMount Bachelor1BR,1BA$1,426
Attwell off MainSStudio,1BA$1,471
Hampton Park Apartments1 Bedroom, 1 Bath Medium1BR,1BA$1,475
The York2x1L2BR,1BA$1,495
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$1,525

Best Value Apartments for Rent in Lake Forest, OR

As of October 28, 2025 the best value apartment in the Lake Forest area is the $1.29 price per square foot 3900 Canal Rd Model at 3900 Canal Rd, Unit B in the in the Childs neighborhood starting from $1,800. The second greatest value Lake Forest apartment is the Cedar Model at Milo at Mountain Park starting at $2,156 with a $1.88 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Lake Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3900 Canal Rd, Unit B3900 Canal Rd1BR,1BA$1.29
Milo at Mountain ParkCedar2BR,2BA$1.88
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.96
Haven Lake Oswego2 bed 2 bath2BR,2BA$2.02
Gatehouse Apartments2x22BR,2BA$1.72
River Lofts Apartments2 Bedroom & 1 Bath2BR,1BA$1.94
The York2x1L2BR,1BA$1.66
Bonita Villa2 Bedroom 1 Bath2BR,1BA$1.99
4614 Lower Dr, Unit 46144614 Lower Dr1BR,1BA$1.87
Greenburg OaksONE BEDROOM1BR,1BA$1.74

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
Lake Forest, Lake Oswego, OR

Ranked #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake Forest, Lake Oswego, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Oregon including Lake Forest, Lake Oswego, and the greater Portland area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, places to raise kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Getting Around the Lake Forest Neighborhood in Lake Oswego, OR

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Forest Apartments

What is a cheap apartment in Lake Forest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Forest is under $1,525.

What is the price of a cheap apartment in Lake Forest?

The cheapest apartment in Lake Forest is Greenburg Oaks which is listed at $1,215, while the average apartment in Lake Forest costs $4,500.

What types of apartments are the cheapest in Lake Forest?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Lake Forest that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Forest?

Cheap apartments in Lake Forest have an average cost of $148 which is $4,352 cheaper than the average rent for all rentals in Lake Forest.

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.

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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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.