Cheap Homes for Rent in Lake Grove Neighborhood of Lake Oswego, OR from $1,600 (6 Rentals)

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

property at 4 Touchstone Dr

4 Touchstone Dr

Lake OswegoOR97035

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
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$1,525

Best Value Apartments for Rent in Lake Grove, OR

As of October 27, 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 Two Bedroom Two Bath Model at Oswego Cove starting at $1,995 with a $1.96 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
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.96
Milo at Mountain ParkDogwood2BR,2BA$2.05
Haven Lake Oswego2 bed 2 bath2BR,2BA$2.02
ReNew LaurelwoodClover2BR,2BA$2.05
4614 Lower Dr, Unit 46144614 Lower Dr1BR,1BA$1.87
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$2.10
Hampton Ridge Apartments1 Bedroom 1 Bath1BR,1BA$2.15
Stonesthrow Apartments1B1BR,1BA$2.16
Red Rock Commons1 Bed 1 Bath1BR,1BA$1.91

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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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Frequently Asked Questions about Lake Grove

What type of rentals are currently available in Lake Grove?

There are currently 74 Apartments for Rent in Lake Grove, OR with pricing that ranges from $1,260 to $9,956. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Grove ranging from $1,650 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 $1,650 to $5,100 with an average monthly rent of $2,974.

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.

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.