
Cheap Homes for Rent in Lake Grove Neighborhood of Lake Oswego, OR from $1,600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Grove area of Lake Oswego.


47 Eagle Crest Dr

45 Eagle Crest Dr

14267 Uplands Dr

16711 SW Lake Forest Blvd

4 Touchstone Dr
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 | $2,055 | $1,695 | $2,295 |
| Lake Grove 3 Bedroom Homes for Rent | $2,919 | $2,100 | $3,500 |
| Lake Grove 4 Bedroom Homes for Rent | $3,769 | $2,995 | $5,100 |
| Lake Grove 5 Bedroom Homes for Rent | $4,300 | $4,300 | $4,300 |
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
| Hampton Park Apartments | 1 Bedroom, 1 Bath Medium | 1BR,1BA | $1,475 |
| The Ridge at Mountain Park Apartments | One Bedroom One Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3900 Canal Rd, Unit B | 3900 Canal Rd | 1BR,1BA | $1.29 |
| Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.96 |
| Milo at Mountain Park | Dogwood | 2BR,2BA | $2.05 |
| Haven Lake Oswego | 2 bed 2 bath | 2BR,2BA | $2.02 |
| ReNew Laurelwood | Clover | 2BR,2BA | $2.05 |
| 4614 Lower Dr, Unit 4614 | 4614 Lower Dr | 1BR,1BA | $1.87 |
| 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 | $2.16 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1.91 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLake Grove, Lake Oswego, OR
Ranked #6
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 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.

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.

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.