Cheap Homes for Rent in Lake Grove Neighborhood of Lake Oswego, OR from $1,900 (5 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 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 Article
Showing Results 1-5, 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. Stonesthrow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,358. 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
Stonesthrow ApartmentsA11BR,1BA$1,358
Hampton Park Apartments1 Bedroom, 1 Bath S1BR,1BA$1,520

Best Value Apartments for Rent in Lake Grove, OR

As of August 29, 2025 the best value apartment in the Lake Grove area is the $2.21 price per square foot Two Bedroom A Model at The Overland in the in the Far Southwest Portland neighborhood starting from $2,255. The second greatest value Lake Grove apartment is the Two Bedroom Two Bath Model at Oswego Cove starting at $2,025 with a $1.99 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.
The OverlandTwo Bedroom A2BR,2BA$2.21
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.99
Parkridge Apartments2x12BR,1BA$2.07
The Bluffs at Mountain ParkThe Birchwood1BR,1BA$2.22
Milo at Mountain ParkAsh1BR,1BA$2.29
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$2.10
Haven Lake Oswego1 Bed 1 Bath1BR,1BA$2.33
Red Rock Commons1 Bed 1 Bath1BR,1BA$1.91
The 72nd Apartments0x1 | 648Studio ,1BA$2.35
Hunt ClubPlan A11BR,1BA$2.38

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

Pet Friendly Lifestyle
Lake Grove, Lake Oswego, OR

Ranked #5

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Lake Grove, Lake Oswego, OR

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 $1,260 to $10,000. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Grove ranging from $1,995 to $4,995.

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 $1,995 to $4,995 with an average monthly rent of $3,354.

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 The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.