
Cheap Apartments for Rent in the Lakewood Neighborhood of Lake Oswego, OR from $800 (25 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

Northshore Apartments

Mercy Greenbrae

45 Eagle Crest Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

12775 SE 25th Ave

Miramonte Lodge

Total Monthly Price
Lake Village

Axletree

Overlook at the Willamette

Driftwood Terrace
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.

Courtney Square

Stanford

Dutch Village

Tara West Apartments

Shorewood Terrace

Chestnut Place
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Quail Ridge Apartments

Water's Edge Apartments

Forest Ridge

15540 SE E Ave

The Milwaukian Apartments

Cherry Park Apartments - NK-2717M
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.

15323 SE Lee Ave
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 | $1,424 | $1,125 | $2,065 |
| Lakewood 1 Bedroom Apartments | $1,783 | $1,395 | $3,085 |
| Lakewood 2 Bedroom Apartments | $2,388 | $1,195 | $7,600 |
| Lakewood 3 Bedroom Apartments | $4,185 | $2,495 | $5,875 |
Browse Apartments in this Neighborhood
There are currently 25 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 Studio unit found at Dutch Village Apartments priced from $1,250. Miramonte Lodge has the second lowest priced unit, which is a Studio apartment currently listed from $1,345. Here are the most affordable Lakewood apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dutch Village Apartments | 0x1 | Studio,1BA | $1,250 |
| Miramonte Lodge | Morrison | Studio,1BA | $1,345 |
| Parkridge Apartments | Studio | Studio,1BA | $1,425 |
| Lake Village | 2 X 1 | 2BR,1BA | $1,425 |
| Axletree | KELLOGG 2 | Studio,1BA | $1,449 |
Best Value Apartments for Rent in Lakewood, OR
As of March 22, 2026 the best value apartment in the Lakewood area is the $2.36 price per square foot 14813 SE Arista Dr Model at 14813 SE Arista Dr, Unit 14813 in the in the Glenmorrie neighborhood starting from $2,495. The second greatest value Lakewood apartment is the Cedar Flat Model at Arrive West Linn starting at $1,900 with a $2.06 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. |
|---|---|---|---|
| 14813 SE Arista Dr, Unit 14813 | 14813 SE Arista Dr | 3BR,2BA | $2.36 |
| Arrive West Linn | Cedar Flat | 2BR,2BA | $2.06 |
| Overlook at the Willamette | Two Bedroom | 2BR,1BA | $2.24 |
| Linden Terrace | 2 bed 1 bath upper | 2BR,1BA | $2.05 |
| Lake Village | 2x1 | 2BR,1BA | $1.99 |
| Uptown at Lake Oswego | (258) 1 Bedroom (#51-#1 thru #55-5, #60-10 thru... | 1BR,1BA | $2.59 |
| Parkridge Apartments | Studio | Studio ,1BA | $2.59 |
| Axletree | KELLOGG 2 | Studio ,1BA | $2.79 |
| Miramonte Lodge | Morrison | Studio ,1BA | $2.78 |
| Dutch Village | 0x1 | Studio ,1BA | $2.78 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 #20
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 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 $2,065.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Dutch Village which is listed at $1,275, while the average apartment in Lakewood costs $4,185.
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 11 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Helpful Local Expert Guides

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.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
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Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.