
Cheap Homes for Rent in Lake Forest Neighborhood of Lake Oswego, OR from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Forest area of Lake Oswego.


5538 Royal Oaks Dr

12345 SW Hall Blvd

63 Galen St
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.

47 Eagle Crest Dr, Unit 29

7582 SW Hunziker Rd

47 Eagle Crest Dr

4 Touchstone Dr
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.

13260 SW Village Glenn Dr
Lake Forest, Lake Oswego, OR Local Guide

How much does it cost to rent a home in Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Forest 2 Bedroom Homes for Rent | $2,160 | $1,450 | $3,000 |
| Lake Forest 3 Bedroom Homes for Rent | $3,148 | $2,595 | $3,500 |
| Lake Forest 4 Bedroom Homes for Rent | $3,590 | $2,950 | $4,300 |
| Lake Forest 5 Bedroom Homes for Rent | $3,910 | $3,445 | $4,400 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Lake Forest Neighborhood of Lake Oswego, OR.
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Lake Forest, Lake Oswego, OR Local Guide
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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 $1,180. Timbers at Tualatin has the second lowest priced unit, which is a Studio apartment currently listed from $1,284. Here are the most affordable Lake Forest apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greenburg Oaks | ONE BEDROOM | 1BR,1BA | $1,180 |
| Timbers at Tualatin | Pebble | Studio,1BA | $1,284 |
| Bonita Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1,348 |
Best Value Apartments for Rent in Lake Forest, OR
As of December 08, 2025 the best value apartment in the Lake Forest area is the $1.86 price per square foot Two Bedroom Two Bath Model at Oswego Cove in the in the Far Southwest Portland neighborhood starting from $1,895. The second greatest value Lake Forest apartment is the 2x2 Model at Gatehouse Apartments starting at $1,595 with a $1.72 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.86 |
| Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
| The York | 2x1L | 2BR,1BA | $1.61 |
| Milo at Mountain Park | Ash Loft | 1BR,1BA | $2.20 |
| Jackson Square | 2 Bedroom - 1 Bath | 2BR,1BA | $1.88 |
| Bonita Villa | 2 Bedroom 1 Bath | 2BR,1BA | $1.99 |
| The Ridge at Mountain Park Apartments | One Bedroom w/ Den | 1BR,1BA | $2.13 |
| ReNew Laurelwood | Barberry | 2BR,1BA | $2.12 |
| Stonesthrow Apartments | 1B | 1BR,1BA | $1.99 |
| Greenburg Oaks | ONE BEDROOM | 1BR,1BA | $1.69 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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.
Pet Friendly LifestyleLake Forest, Lake Oswego, OR
Ranked #3
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lake Forest, Lake Oswego, OR
Lake Grove Elementary School
School data provided by Great Schools
Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 124 Apartments for Rent in Lake Forest, OR with pricing that ranges from $1,180 to $9,956. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,250 to $4,400.
What is the current price range for Rental Homes in Lake Forest?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Forest ranges from $1,250 to $4,400 with an average monthly rent of $2,825.
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

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.

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.

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.
Articles, How-To's, and Tips

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.