Cheap Homes for Rent in Lake Grove Neighborhood of Lake Oswego, OR from $1,600 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
Showing Results 1-9, 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. Commons on the Tualatin River has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. 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
Commons on the Tualatin RiverSandyStudio,1BA$1,325
Hermoso ViewStudio BStudio,1BA$1,400

Best Value Apartments for Rent in Lake Grove, OR

As of June 21, 2025 the best value apartment in the Lake Grove area is the $2.05 price per square foot Cedar Model at Milo at Mountain Park in the in the Far Southwest Portland neighborhood starting from $2,354. The second greatest value Lake Grove apartment is the 1 loft small Model at Parkridge Apartments starting at $1,869 with a $2.11 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.
Milo at Mountain ParkCedar2BR,2BA$2.05
Parkridge Apartments1 loft small1BR,1BA$2.11
Westlake Meadows Apartments2x1.75 881 sq. ft. The Willow2BR,1.75BA$2.42
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$2.10
1691 Parrish St, Unit Your home away from home1691 Parrish St1BR,1BA$2.71
Haven Lake Oswego1 Bed 1 Bath1BR,1BA$2.32
Red Rock Commons1 Bed 1 Bath1BR,1BA$1.91
Timbers at TualatinCopper1BR,1BA$2.69
One JeffersonA11BR,1BA$2.60
Commons on the Tualatin RiverLewis1BR,1BA$2.57

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lake Grove

What type of rentals are currently available in Lake Grove?

There are currently 72 Apartments for Rent in Lake Grove, OR with pricing that ranges from $1,225 to $10,000. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Grove ranging from $1,600 to $5,100.

What is the current price range for Rental Homes in Lake Grove?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Grove ranges from $1,600 to $5,100 with an average monthly rent of $3,098.

How much are larger Three and Four Bedroom Rentals in Lake Grove?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Grove range from $2,025 to $10,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $4,950. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,900.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.