Cheap Apartments for Rent in the Oldtown Neighborhood of Lake Oswego, OR from $860 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oldtown area of Lake Oswego.

property at 50 Northshore Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

Studio, 1 Bath Home for Rent

Available Now

50 Northshore Rd

Lake OswegoOR97034
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Parkridge Apartments
Rent Specials
$1,516 - $3,286
Total Monthly Price

Total Monthly Price

Base Rent
$1,516 - $3,286

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Parkridge Apartments

215 Greenridge DrLake Oswego, OR 97035
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Northshore Apartments
Studio to 3 Bedroom Apartments

Northshore Apartments

50 Northshore RdLake Oswego, OR 97034
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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

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Henley Place
Rent Specials
$1,350 - $3,874
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,874

Total Monthly Price
$1,350 - $3,874
Studio to 2 Bedroom Apartments Available Now

Henley Place

10306 SE Main StMilwaukie, OR 97222
Eco-Friendly
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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12331 SE Whitcomb Dr., Unit #2
$1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495
2 Bedroom Apartment Available Sep 1

12331 SE Whitcomb Dr., Unit #2

12331 SE Whitcomb Dr.Milwaukie, OR 97222
Cost Per Sq.Ft.
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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15540 SE E Ave
2 Bedroom Apartments

15540 SE E Ave

15540 SE E AveMilwaukie, OR 97267

Oldtown, Lake Oswego, OR Local Guide

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 ListingModel NameBed/BathPriced From
Parkside HeightsStudioStudio,1BA$1,050
Dutch Village Apartments1x11BR,1BA$1,275
Overlook at the WillametteStudioStudio,1BA$1,290
Chesapeake Pointe1 Bedroom1BR,1BA$1,350
Henley PlaceThe MapleStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Pointe Apartments3 Bedroom, 1 Bath3BR,1BA$1.61
River Cliff ApartmentsThe Bluff2BR,1BA$1.67
Driftwood Terrace3x13BR,1BA$1.89
Parkridge Apartments2x12BR,1BA$2.17
Village Monroe Apartments2BR/1.0BA2BR,1BA$1.80
Oak GroveTWO BED2BR,1BA$1.82
Chesapeake Pointe1 Bedroom with Fireplace and Carport1BR,1BA$1.95
Dutch Village Apartments1x11BR,1BA$2.20
Overlook at the WillametteStudioStudio ,1BA$2.27
Parkside HeightsStudioStudio ,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.

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Real 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.

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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.

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Pet Friendly Lifestyle
Oldtown, Lake Oswego, OR

Ranked #18

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.