
Cheap Apartments for Rent in the Oldtown Neighborhood of Lake Oswego, OR from $860 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oldtown area of Lake Oswego.


Total Monthly Price
Parkridge Apartments

Uptown at Lake Oswego

Northshore Apartments

Parkside Heights

Fox Pointe Apartments
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

Dutch Village Apartments

Overlook at the Willamette

Shorewood Terrace Apartments

Chesapeake Pointe

Total Monthly Price
Henley Place

Oak Grove
Rent According to Income: A Look at Income-Restricted Rentals
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The Milwaukian

Miramonte Lodge

Axletree Apartments

Seven Acres

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

Lake Village and Lakewood Apartments
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Village Monroe Apartments

15540 SE E Ave
Oldtown, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Oldtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oldtown Studio Apartments | $1,470 | $1,245 | $2,230 |
| Oldtown 1 Bedroom Apartments | $1,828 | $1,275 | $3,100 |
| Oldtown 2 Bedroom Apartments | $2,028 | $1,495 | $5,200 |
| Oldtown 3 Bedroom Apartments | $2,258 | $1,795 | $2,668 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Oldtown Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
Oldtown, Lake Oswego, OR Local Guide
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Cheapest Available Oldtown Apartments for Rent
 The cheapest available apartment rental in the Oldtown area of Lake Oswego, OR is a Studio unit found at Parkside Heights priced from $1,050. Dutch Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here are the most affordable Oldtown apartments for rent in Lake Oswego, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkside Heights | Studio | Studio,1BA | $1,050 |
| Dutch Village Apartments | 1x1 | 1BR,1BA | $1,275 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,290 |
| Chesapeake Pointe | 1 Bedroom | 1BR,1BA | $1,350 |
| Henley Place | The Maple | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Oldtown, OR
As of August 26, 2026 the best value apartment in the Oldtown area is the $1.61 price per square foot 3 Bedroom, 1 Bath Model at Fox Pointe Apartments in the in the Hidden Springs neighborhood starting from $1,822. The second greatest value Oldtown apartment is the The Bluff Model at River Cliff Apartments starting at $1,625 with a $1.67 price per square foot in the Foothills neighborhood. Here is today’s list of the best values for Oldtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Pointe Apartments | 3 Bedroom, 1 Bath | 3BR,1BA | $1.61 |
| River Cliff Apartments | The Bluff | 2BR,1BA | $1.67 |
| Driftwood Terrace | 3x1 | 3BR,1BA | $1.89 |
| Parkridge Apartments | 2x1 | 2BR,1BA | $2.17 |
| Village Monroe Apartments | 2BR/1.0BA | 2BR,1BA | $1.80 |
| Oak Grove | TWO BED | 2BR,1BA | $1.82 |
| Chesapeake Pointe | 1 Bedroom with Fireplace and Carport | 1BR,1BA | $1.95 |
| Dutch Village Apartments | 1x1 | 1BR,1BA | $2.20 |
| Overlook at the Willamette | Studio | Studio ,1BA | $2.27 |
| Parkside Heights | Studio | Studio ,1BA | $2.24 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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 LifestyleOldtown, Lake Oswego, OR
Ranked #18
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Oldtown Apartments
What is a cheap apartment in Oldtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oldtown is under $1,550.
What is the price of a cheap apartment in Oldtown?
The cheapest apartment in Oldtown is Dutch Village Apartments which is listed at $1,275, while the average apartment in Oldtown costs $1,689.
What types of apartments are the cheapest in Oldtown?
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 Oldtown 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 Oldtown?
Cheap apartments in Oldtown have an average cost of $320 which is $1,369 cheaper than the average rent for all rentals in Oldtown.
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.