Cheap Apartments for Rent in the Lake Grove Neighborhood of Lake Oswego, OR from $1,200 (28 Rentals)

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

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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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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ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
Corporate Housing
  • Utilities Included

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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Hermoso View
Studio to 2 Bedroom Apartments

Hermoso View

7460 SW Hermoso WayTigard, OR 97223

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.

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Lake Grove, Lake Oswego, OR Local Guide

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 Red Rock Commons priced from $1,260. 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 Grove apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
Timbers at TualatinPebbleStudio,1BA$1,284
The OverlandStudioStudio,1BA$1,421
Stonesthrow Apartments1B1BR,1BA$1,435
Commons on the Tualatin RiverLewis1BR,1BA$1,485
Hampton Park Apartments1 Bedroom, 1 Bath Standard1BR,1BA$1,490
Parkridge Apartments1 bed/1 bath1BR,1BA$1,494
Eddyline at BridgeportLive-Work StudioStudio,1BA$1,516
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$1,525
72nd ApartmentsStudio AStudio,1BA$1,545

Best Value Apartments for Rent in Lake Grove, OR

As of December 08, 2025 the best value apartment in the Lake Grove 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 Grove apartment is the Ash Loft Model at Milo at Mountain Park starting at $1,899 with a $2.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.86
Milo at Mountain ParkAsh Loft1BR,1BA$2.20
Jackson Square2 Bedroom - 1 Bath2BR,1BA$1.88
The Ridge at Mountain Park ApartmentsOne Bedroom w/ Den1BR,1BA$2.13
ReNew LaurelwoodBarberry2BR,1BA$2.12
The Bluffs at Mountain ParkThe Birchwood1BR,1BA$2.31
Stonesthrow Apartments1B1BR,1BA$1.99
Haven Lake Oswego1 Bed 1 Bath1BR,1BA$2.32
Red Rock Commons1 Bed 1 Bath1BR,1BA$1.91
One JeffersonA21BR,1BA$2.40

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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The 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.

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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 Grove, Lake Oswego, OR

Ranked #6

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 Grove, Lake Oswego, OR

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!

Getting Around the Lake Grove Neighborhood in Lake Oswego, OR

Walk Score®

74 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

71 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

14 / 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 Grove Apartments

What is the Cheapest Studio apartment in Lake Grove?

Currently the most affordable Cheap Studio Apartment in Lake Grove is at Timbers at Tualatin listed at $1,284.

How much is rent for a Cheap One Bedroom Lake Grove Apartment?

The lowest price for a Cheap One Bedroom Lake Grove Apartment is $1,260 at Red Rock Commons.

What is the lowest price for a Cheap Two Bedroom Lake Grove Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Grove is starting from $1,595 at Jackson Square.

What is the most affordable Lake Grove Three Bedroom Apartment?

The best deal on a cheap Lake Grove Three Bedroom Apartment rental is at Timbers at Tualatin and starts from $2,167.

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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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.

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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!