
Cheap Apartments for Rent in the Lakewood Neighborhood of Lake Oswego, OR from $860 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Lake Oswego.


Total Monthly Price
Parkridge Apartments

Uptown at Lake Oswego

27 E Ave, Unit B

16250 Pacific Hwy

Total Monthly Price
The Windward Apartments

Northshore Apartments

Mercy Greenbrae
Portland’s Best Affordable Neighborhoods
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Bay Roc Apartments

Peg Tree Apartments

Dutch Village Apartments

Overlook at the Willamette

15032 SE Arista Dr

Shorewood Terrace Apartments

The Milwaukian

Miramonte Lodge
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Axletree Apartments

Total Monthly Price
12331 SE Whitcomb Dr., Unit #2

Lake Village and Lakewood Apartments

River Cliff Apartments

1404 SW Dickinson Ln

Driftwood Terrace

12242 S Breyman Ave

Courtney Square
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Stanford

15316 SE East Ave

Tara West Apartments

Chestnut Place

Quail Ridge Apartments

Water's Edge Apartments

Forest Ridge

14832 SE Cedar Ave
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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

15540 SE E Ave

Cherry Park Apartments - NK-2717M

Arrive West Linn

Linden Terrace

Maple Grove Court

Arista Townhomes

13613 SE Oatfield Rd

Villas at Oak Point
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3238 SE Silver Springs Rd
Lakewood, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,520 | $1,290 | $2,230 |
| Lakewood 1 Bedroom Apartments | $1,990 | $1,275 | $3,100 |
| Lakewood 2 Bedroom Apartments | $2,052 | $1,495 | $5,200 |
| Lakewood 3 Bedroom Apartments | $2,290 | $1,795 | $2,668 |
Browse Apartments in this Neighborhood
There are currently 41 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
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Cheapest Available Lakewood Apartments for Rent
 The cheapest available apartment rental in the Lakewood area of Portland, OR is a 1 Bed unit found at Dutch Village Apartments priced from $1,275. Overlook at the Willamette has the second lowest priced unit, which is a Studio apartment currently listed from $1,290. Here are the most affordable Lakewood apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dutch Village Apartments | 1x1 | 1BR,1BA | $1,275 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,290 |
| Axletree Apartments | KELLOGG 1 | Studio,1BA | $1,428 |
| Parkridge Apartments | 1 Bed/1 Bath | 1BR,1BA | $1,516 |
| Arrive West Linn | Spruce | 1BR,1BA | $1,529 |
| Linden Terrace | 2 bed 1 bath upper | 2BR,1BA | $1,599 |
| Uptown at Lake Oswego | (295) 1BR (700sq ft #1, 4, 8, 10, 12) | 1BR,1BA | $1,600 |
| River Cliff Apartments | The Bluff | 2BR,1BA | $1,625 |
| Miramonte Lodge | Marquam | 1BR,1BA | $1,675 |
| Driftwood Terrace | 3x1 | 3BR,1BA | $1,795 |
Best Value Apartments for Rent in Lakewood, OR
As of August 26, 2026 the best value apartment in the Lakewood area is the $1.67 price per square foot The Bluff Model at River Cliff Apartments in the in the Foothills neighborhood starting from $1,625. The second greatest value Lakewood apartment is the 3x1 Model at Driftwood Terrace starting at $1,795 with a $1.89 price per square foot in the Glenmorrie 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. |
|---|---|---|---|
| River Cliff Apartments | The Bluff | 2BR,1BA | $1.67 |
| Driftwood Terrace | 3x1 | 3BR,1BA | $1.89 |
| Parkridge Apartments | 2x1 | 2BR,1BA | $2.17 |
| Linden Terrace | 2 bed 1 bath upper | 2BR,1BA | $2.05 |
| Miramonte Lodge | Marquam | 1BR,1BA | $2.47 |
| Arrive West Linn | Spruce | 1BR,1BA | $2.41 |
| Dutch Village Apartments | 1x1 | 1BR,1BA | $2.20 |
| Overlook at the Willamette | Studio | Studio ,1BA | $2.27 |
| Uptown at Lake Oswego | (258) 1BR POOL UPPER, Fully renovated, balcony ... | 1BR,1BA | $3.57 |
| Axletree Apartments | KELLOGG 1 | Studio ,1BA | $3.01 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 LifestyleLakewood, Lake Oswego, OR
Ranked #25
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
Lake Oswego Junior High School
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.
Frequently Asked Questions about Cheap Lakewood Apartments
What is the Cheapest Studio apartment in Lakewood?
Currently the most affordable Cheap Studio Apartment in Lakewood is at Overlook at the Willamette listed at $1,290.
How much is rent for a Cheap One Bedroom Lakewood Apartment?
The lowest price for a Cheap One Bedroom Lakewood Apartment is $1,275 at Dutch Village Apartments.
What is the lowest price for a Cheap Two Bedroom Lakewood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lakewood is starting from $1,599 at Linden Terrace.
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.
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