
Cheap Apartments for Rent in the Lake Grove Neighborhood of Lake Oswego, OR from $1,200 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Grove area of Lake Oswego.


Total Monthly Price
15315 Twin Fir Rd, Unit LO Garden Apartment

Total Monthly Price
Elevation at Mountain Park

47 Eagle Crest Dr

Hunt Club

12375 Mt Jefferson Terrace, Unit 1B

12375 Mt Jefferson Terrace, Unit 9B

12375 Mt Jefferson Terrace, Unit 10B

12375 Mt Jefferson Terrace, Unit 11C
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.

The Ridge at Mountain Park Apartments

12375 Mt Jefferson Terrace, Unit 12D

Jackson Square

Total Monthly Price
7105 Montauk Cir, Unit 7105

Kruseway Commons

Total Monthly Price
Willow

14267 Uplands Dr

Westlake Meadows Apartments

6765 Montauk Cir, Unit 6765
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.

12375 Mt Jefferson Terrace, Unit 10E

12375 Mt Jefferson Terrace, Unit 7D

Oswego Cove

ReNew Laurelwood

Haven Lake Oswego

7060 SW Montauk Cir

15938 Quarry Rd

6951 SW Montauk Cir

3930 Lake Grove Ave
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.

The Bluffs at Mountain Park

4000 Carman Dr

Mercato Grove

ReNew Oakridge

Dartmouth Crossing North

Hampton Park Apartments

Timbers at Tualatin

Hampton Ridge Apartments

Total Monthly Price
Stonesthrow Apartments
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.

Total Monthly Price
6361 SW Southwood Dr, Unit 3

Commons on the Tualatin River

Eddyline at Bridgeport

Total Monthly Price
The Overland

Montage

1404 SW Dickinson Ln

The Steward

Red Rock Commons

The 72nd Apartments
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.
Lake Grove, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Lake Grove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Grove Studio Apartments | $1,460 | $1,295 | $1,650 |
| Lake Grove 1 Bedroom Apartments | $1,859 | $1,216 | $3,637 |
| Lake Grove 2 Bedroom Apartments | $2,327 | $1,457 | $3,995 |
| Lake Grove 3 Bedroom Apartments | $3,588 | $1,806 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the Lake Grove Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
Lake Grove, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
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Cheapest Available Lake Grove Apartments for Rent
 The cheapest available apartment rental in the Lake Grove area of Portland, OR is a 1 Bed unit found at Dartmouth Crossing North priced from $1,216. Stonesthrow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,447. Here are the most affordable Lake Grove apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dartmouth Crossing North | One Bedroom | 1BR,1BA | $1,216 |
| Stonesthrow Apartments | A1 | 1BR,1BA | $1,447 |
| Hunt Club | Plan A1 | 1BR,1BA | $1,495 |
| The 72nd Apartments | Studio A | Studio,1BA | $1,495 |
| The Ridge at Mountain Park Apartments | One Bedroom One Bath | 1BR,1BA | $1,525 |
| Commons on the Tualatin River | Sandy | Studio,1BA | $1,550 |
| Eddyline at Bridgeport | Residence 2 | 1BR,1BA | $1,587 |
| Timbers at Tualatin | Nickle | 1BR,1BA | $1,594 |
| Parkridge Apartments | 1x1 small | 1BR,1BA | $1,596 |
Best Value Apartments for Rent in Lake Grove, OR
As of June 09, 2026 the best value apartment in the Lake Grove area is the $2.09 price per square foot The Pinewood Model at The Bluffs at Mountain Park in the in the Far Southwest Portland neighborhood starting from $2,395. The second greatest value Lake Grove apartment is the 2 Bedroom, 2 Bath Model at Hampton Ridge Apartments starting at $1,800 with a $1.76 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Lake Grove apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Bluffs at Mountain Park | The Pinewood | 2BR,2BA | $2.09 |
| Hampton Ridge Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.76 |
| Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.99 |
| 7105 Montauk Cir, Unit 7105 | 7105 Montauk Cir | 2BR,1BA | $1.71 |
| ReNew Laurelwood | Barberry | 2BR,1BA | $2.00 |
| The Ridge at Mountain Park Apartments | One Bedroom One Bath | 1BR,1BA | $2.10 |
| 6361 SW Southwood Dr, Unit 3 | 6361 SW Southwood Dr | 1BR,1BA | $2.14 |
| Parkridge Apartments | 1x1 small | 1BR,1BA | $2.35 |
| Hunt Club | Plan A1 | 1BR,1BA | $2.32 |
| Timbers at Tualatin | Nickle | 1BR,1BA | $2.48 |
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 ArticleReal 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.
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 Grove, Lake Oswego, OR
Ranked #6
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lake Grove, Lake Oswego, OR
Lake Grove Elementary School
Lake Oswego Senior High School
Lake Oswego Junior High School
School data provided by Great Schools
Lifestyle Ratings
Our team works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States including Lake Grove, Lake Oswego, and the greater Portland area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Lake Grove Apartments
What is the price of a cheap apartment in Lake Grove?
The cheapest apartment in Lake Grove is Dartmouth Crossing North which is listed at $1,216, while the average apartment in Lake Grove costs $5,052.
What types of apartments are the cheapest in Lake Grove?
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 11 regular apartments in Lake Grove 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 Grove?
Cheap apartments in Lake Grove have an average cost of $106 which is $4,946 cheaper than the average rent for all rentals in Lake Grove.
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.

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

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.

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.

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.