Cheap Apartments for Rent in the Lake Grove Neighborhood of Lake Oswego, OR from $1,200 (30 Rentals)

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

property at 15370 Bangy Rd

15370 Bangy Rd

Lake OswegoOR97035

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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ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
  • Utilities Included

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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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035
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Mercato Grove
Studio to 3 Bedroom Apartments

Mercato Grove

3975-4055 Mercantile DrLake Oswego, OR 97035

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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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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The Fields Apartments
1 to 3 Bedroom Apartments

The Fields Apartments

7790 SW Hunziker RdTigard, OR 97223
  • Utilities Included
Showing Results 1-30, Page 1 of 1

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. Hampton Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,475. 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
Hampton Park Apartments1 Bedroom, 1 Bath Medium1BR,1BA$1,475
Stonesthrow Apartments1B1BR,1BA$1,514
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$1,525
Commons on the Tualatin RiverSandyStudio,1BA$1,550
The OverlandOne Bedroom A1BR,1BA$1,554
Eddyline at BridgeportResidence 21BR,1BA$1,587
Hermoso View1x1 M1BR,1BA$1,595
72nd ApartmentsStudio BStudio,1BA$1,595
Parkridge Apartments1 bed/1 bath1BR,1BA$1,595

Best Value Apartments for Rent in Lake Grove, OR

As of October 24, 2025 the best value apartment in the Lake Grove 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 Grove apartment is the C1.2-Renovated Model at One Jefferson starting at $2,852 with a $2.29 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.
3900 Canal Rd, Unit B3900 Canal Rd1BR,1BA$1.29
One JeffersonC1.2-Renovated3BR,2BA$2.29
Milo at Mountain ParkCedar2BR,2BA$1.88
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.96
Haven Lake Oswego2 bed 2 bath2BR,2BA$2.02
Parkridge Apartments2x12BR,1BA$2.21
ReNew LaurelwoodClover2BR,2BA$2.05
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$2.10
Stonesthrow Apartments1B1BR,1BA$2.27
Red Rock Commons1 Bed 1 Bath1BR,1BA$1.91

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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 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 Commons on the Tualatin River listed at $1,550.

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 $1,795 at ReNew Laurelwood.

What is the most affordable Lake Grove Three Bedroom Apartment?

The best deal on a cheap Lake Grove Three Bedroom Apartment rental is at Kruseway Commons and starts from $2,411.

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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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! 

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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.