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from $1,3271 to 3 Bedroom Apartments Contact Us For Availability
Mercy Greenbrae
3190 Furman DrLake Oswego, OR 97034
Cheap Apartments for Rent in the Lakewood Neighborhood of Lake Oswego, OR from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Lake Oswego.
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Rent Specials
from $1,430Studio to 3 Bedroom Apartments Available Now
Parkridge Apartments
215 Greenridge DrLake Oswego, OR 97035
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from $1,2951 to 5 Bedroom Apartments Available Now
One Jefferson
1 Jefferson PkyLake Oswego, OR 97035
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from $1,6001 Bedroom Apartment Available Aug 1
18650 Stafford Rd, Unit Stafford Road ADU
18650 Stafford RdLake Oswego, OR 97034
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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.
13003 SE Oatfield Rd
MilwaukieOR97222
1500 SE Eastwood Ct
MilwaukieOR97267
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from $1,240Studio to 2 Bedroom Apartments Available Now
Miramonte Lodge
12200 SE McLoughlin BlvdMilwaukie, OR 97222
15028 SE Arista Dr
PortlandOR97267
15030 SE Arista Dr
PortlandOR97267
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from $1,295Studio to 3 Bedroom Apartments Available Now
Overlook at the Willamette
12601 SE River RdMilwaukie, OR 97222
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from $1,295Studio to 3 Bedroom Apartments Contact Us For Availability
Driftwood Terrace Apartments
13455 SE Oatfield RdMilwaukie, OR 97222
11357 SE 27th Ave
MilwaukieOR97222
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from $1,369Studio to 2 Bedroom Apartments Available Now
Axletree Apartments
11125 SE 21st StMilwaukie, OR 97222
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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from $1,460Studio to 3 Bedroom Apartments Available Now
Seven Acres
10999 SE 37th AveMilwaukie, OR 97222
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from $1,470Studio to 2 Bedroom Apartments Available Now
Henley Place
10306 SE Main StMilwaukie, OR 97222
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from $1,4751 Bedroom Apartment Available Jun 22
18035 Upper Midhill Dr, Unit Garden Apartment
18035 Upper Midhill DrWest Linn, OR 97068
15038 SE Arista Dr
PortlandOR97267
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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2747 SE Chestnut St
Oak GroveOR97267
Showing Results 1-33, 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 | $1,590 | $1,240 | $2,715 |
| Lakewood 1 Bedroom Apartments | $1,871 | $1,250 | $3,700 |
| Lakewood 2 Bedroom Apartments | $2,596 | $1,450 | $7,625 |
| Lakewood 3 Bedroom Apartments | $3,222 | $1,841 | $5,624 |
| Lakewood 4 Bedroom Apartments | $3,900 | $3,900 | $3,900 |
Browse Apartments in this Neighborhood
There are currently 33 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
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in the Lakewood area of Portland, OR is a Studio unit found at Miramonte Lodge priced from $1,230. Dutch Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Lakewood apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Miramonte Lodge | Morrison | Studio,1BA | $1,230 |
| Dutch Village Apartments | 1x1 | 1BR,1BA | $1,300 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,300 |
| Axletree Apartments | Kellogg | Studio,1BA | $1,403 |
| Lake Village | 2x1 | 2BR,1BA | $1,450 |
| Seven Acres | Currant - Bldg 1 | Studio,1BA | $1,460 |
| Henley Place | The Maple | Studio,1BA | $1,470 |
| One Jefferson | A4 | 1BR,1BA | $1,510 |
| Arrive West Linn | Spruce | 1BR,1BA | $1,520 |
| River Cliff Apartments | Layout A | 2BR,1BA | $1,550 |
Best Value Apartments for Rent in Lakewood, OR
As of June 18, 2025 the best value apartment in the Lakewood area is the $1.59 price per square foot 2 Bedroom / 1.0 Bath townhome Model at Tara West Apartments in the in the Glenmorrie neighborhood starting from $1,600. The second greatest value Lakewood apartment is the Layout A Model at River Cliff Apartments starting at $1,550 with a $1.59 price per square foot in the Foothills 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. |
|---|---|---|---|
| Tara West Apartments | 2 Bedroom / 1.0 Bath townhome | 2BR,1.5BA | $1.59 |
| River Cliff Apartments | Layout A | 2BR,1BA | $1.59 |
| Oswego Pointe | 1 Bed 1 Bath | 1BR,1BA | $2.19 |
| Parkridge Apartments | 1 loft small | 1BR,1BA | $2.11 |
| Lake Village | 2x1 | 2BR,1BA | $1.96 |
| Arrive West Linn | Spruce | 1BR,1BA | $2.40 |
| Dutch Village Apartments | 1x1 | 1BR,1BA | $2.24 |
| Overlook at the Willamette | Studio | Studio ,1BA | $2.28 |
| Axletree Apartments | Kellogg | Studio ,1BA | $2.67 |
| Miramonte Lodge | Morrison | Studio ,1BA | $2.56 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleLakewood, Lake Oswego, OR
Ranked #22
Among neighborhoods in Lake Oswego, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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 $1,550.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Dutch Village Apartments which is listed at $1,300, while the average apartment in Lakewood costs $3,900.
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 17 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood?
Cheap apartments in Lakewood have an average cost of $196 which is $3,704 cheaper than the average rent for all rentals in Lakewood.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.