
Cheap Homes for Rent in Lake Grove Neighborhood of Lake Oswego, OR from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Grove area of Lake Oswego.


63 Galen St

47 Eagle Crest Dr, Unit 29
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.

47 Eagle Crest Dr

107 Oswego Summit

1404 SW Dickinson Ln
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.
Lake Grove, Lake Oswego, OR Local Guide

How much does it cost to rent a home in Lake Grove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Grove 2 Bedroom Homes for Rent | $2,158 | $1,595 | $2,550 |
| Lake Grove 3 Bedroom Homes for Rent | $3,089 | $2,395 | $3,799 |
| Lake Grove 4 Bedroom Homes for Rent | $3,474 | $2,950 | $3,999 |
| Lake Grove 5 Bedroom Homes for Rent | $4,350 | $4,300 | $4,400 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Lake Grove Neighborhood of Lake Oswego, OR.
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Lake Grove, Lake Oswego, OR Local Guide
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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 Red Rock Commons priced from $1,260. Timbers at Tualatin has the second lowest priced unit, which is a Studio apartment currently listed from $1,293. Here are the most affordable Lake Grove apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
| Timbers at Tualatin | Pebble | Studio,1BA | $1,293 |
| The Overland | Studio | Studio,1BA | $1,428 |
Best Value Apartments for Rent in Lake Grove, OR
As of December 13, 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 $1,874 with a $2.17 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. |
|---|---|---|---|
| Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.86 |
| Milo at Mountain Park | Ash Loft | 1BR,1BA | $2.17 |
| ReNew Laurelwood | Barberry | 2BR,1BA | $2.12 |
| The Bluffs at Mountain Park | The Birchwood | 1BR,1BA | $2.31 |
| The Ridge at Mountain Park Apartments | One Bedroom One Bath | 1BR,1BA | $2.10 |
| Hampton Ridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2.15 |
| Stonesthrow Apartments | 1B | 1BR,1BA | $2.11 |
| Haven Lake Oswego | 1 Bed 1 Bath | 1BR,1BA | $2.46 |
| Parkridge Apartments | 1x1 small | 1BR,1BA | $2.45 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1.91 |
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 ArticleThe 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.
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
3.5Pet Friendly
Best Local Schools in Lake Grove, Lake Oswego, OR
Westridge Elementary School
Lake Oswego Senior High School
School data provided by Great Schools
Frequently Asked Questions about Lake Grove
What type of rentals are currently available in Lake Grove?
There are currently 71 Apartments for Rent in Lake Grove, OR with pricing that ranges from $1,250 to $9,956. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Grove ranging from $1,250 to $4,400.
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 $1,250 to $4,400 with an average monthly rent of $2,912.
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.
Articles, How-To's, and Tips

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.