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Cheap Apartments for Rent in the Lakewood Neighborhood of Lake Oswego, OR from $800 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Lake Oswego.
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$1,100 - $1,625Studio to 2 Bedroom Apartments Available Now
Lake Village
11850 SE 26th AvePortland, OR 97222
15028 SE Arista Dr
PortlandOR97267
15030 SE Arista Dr
PortlandOR97267
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$1,285 - $2,051Studio to 2 Bedroom Apartments Available Now
Miramonte Lodge
12200 SE McLoughlin BlvdMilwaukie, OR 97222
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$1,295 - $2,103Studio to 3 Bedroom Apartments Available Now
Overlook at the Willamette
12601 SE River RdMilwaukie, OR 97222
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Rent Specials
$1,325 - $2,295Studio to 2 Bedroom Apartments Available Now
Axletree Apartments
11125 SE 21st StMilwaukie, OR 97222
12803 SE 25th Ave
Oak GroveOR97222
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13455 SE Oatfield Rd
Oak GroveOR97222
Showing Results 1-20, Page 1 of 1
Lakewood, Lake Oswego, OR Local Guide
View of Lakewood Bay, Oswego Lake by Wiki User: Esprqii is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,328 | $1,100 | $1,430 |
| Lakewood 1 Bedroom Apartments | $1,872 | $1,195 | $5,720 |
| Lakewood 2 Bedroom Apartments | $2,045 | $1,350 | $4,470 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
Lakewood, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in the Lakewood area of Portland, OR is a Studio unit found at Lake Village priced from $1,100. Miramonte Lodge has the second lowest priced unit, which is a Studio apartment currently listed from $1,285. Here are the most affordable Lakewood apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Village | 0x1 | Studio,1BA | $1,100 |
| Miramonte Lodge | Morrison | Studio,1BA | $1,285 |
| Axletree Apartments | KELLOGG 1 | Studio,1BA | $1,325 |
| Driftwood Terrace | 2x1 | 2BR,1BA | $1,395 |
| Overlook at the Willamette | One Bedroom | 1BR,1BA | $1,445 |
Best Value Apartments for Rent in Lakewood, OR
As of October 13, 2025 the best value apartment in the Lakewood area is the $1.34 price per square foot 2BR/1.5BA Model at PARG -Risley & East Avenue in the in the Glenmorrie neighborhood starting from $1,475. The second greatest value Lakewood apartment is the 2x1 Model at Parkridge Apartments starting at $1,981 with a $2.21 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| PARG -Risley & East Avenue | 2BR/1.5BA | 2BR,1.5BA | $1.34 |
| Parkridge Apartments | 2x1 | 2BR,1BA | $2.21 |
| Overlook at the Willamette | Two Bedroom | 2BR,1BA | $2.15 |
| Driftwood Terrace | 2x1 | 2BR,1BA | $1.74 |
| 1691 Parrish St, Unit Your home away from home | 1691 Parrish St | 1BR,1BA | $2.71 |
| The Windward Apartments | One Bedroom One Bath - 652 | 1BR,1BA | $3.73 |
| Arrive West Linn | Spruce | 1BR,1BA | $2.37 |
| Miramonte Lodge | Morrison | Studio ,1BA | $2.65 |
| Axletree Apartments | KELLOGG 1 | Studio ,1BA | $2.79 |
| Lake Village | 0x1 | Studio ,1BA | $2.93 |
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Pet Friendly LifestyleLakewood, Lake Oswego, OR
Ranked #26
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Lakewood, Lake Oswego, OR
School data provided by Great Schools
Lifestyle Ratings
Our team compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Portland, Oregon. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. These search options are in the site filters at the top of this page.
Getting Around the Lakewood Neighborhood in Lake Oswego, OR
Walk Score®
88 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
63 / 100
Bikeable
Some bike infrastructure
Transit Score®
31 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lakewood Apartments
What is a cheap apartment in Lakewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $2,430.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Overlook at the Willamette which is listed at $1,445, while the average apartment in Lakewood costs $1,780.
What types of apartments are the cheapest in Lakewood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.