Cheap Apartments for Rent in the Oldtown Neighborhood of Lake Oswego, OR from $800 (13 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

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

Studio, 1 Bath Home for Rent

Available Now

50 Northshore Rd

Lake OswegoOR97034
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Parkridge Apartments
Rent Specials
$1,480 - $2,490
Total Monthly Price

Total Monthly Price

Base Rent
$1,480 - $2,490

Total Monthly Price
$1,480 - $2,490
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
  • Utilities Included

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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.

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Oak Grove
Rent Specials
$1,390 - $1,582
Total Monthly Price

Total Monthly Price

Base Rent
$1,390 - $1,582

Total Monthly Price
$1,390 - $1,582
1 to 2 Bedroom Apartments Available Now

Oak Grove

4532-4540 SE Roethe RdMilwaukie, OR 97267
Family Friendly
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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 1 Bed unit found at Oak Grove priced from $1,348. Chesapeake Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,370. Here are the most affordable Oldtown apartments for rent in Lake Oswego, OR:

Apartment ListingModel NameBed/BathPriced From
Oak GroveONE BED1BR,1BA$1,348
Chesapeake Pointe1 Bedroom1BR,1BA$1,370
Fox Pointe2 Bedroom, 1 Bath C2BR,1BA$1,399
Axletree Apartments - City Vibes, Small Town SoulKELLOGG 1Studio,1BA$1,425
Lake Village and Lakewood Apartments2 X 12BR,1BA$1,425

Best Value Apartments for Rent in Oldtown, OR

As of February 26, 2026 the best value apartment in the Oldtown area is the $1.47 price per square foot 2 Bed 2 Bath Model at North Main Village in the in the Eastmoreland neighborhood starting from $1,546. The second greatest value Oldtown apartment is the 2 Bedroom, 1 Bath B Model at Fox Pointe starting at $1,399 with a $1.44 price per square foot in the Hidden Springs 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.
North Main Village2 Bed 2 Bath2BR,2BA$1.47
Fox Pointe2 Bedroom, 1 Bath B2BR,1BA$1.44
Oak GroveONE BED1BR,1BA$1.85
Lake Village and Lakewood Apartments2x12BR,1BA$2.03
Concord CrossingOne Bedroom & One Bath1BR,1BA$2.27
Chesapeake Pointe1 Bedroom with Fireplace and Carport1BR,1BA$1.95
Overlook at the WillametteOne Bedroom1BR,1BA$2.31
Seven AcresBlueblossom - Bldg 11BR,1BA$2.77
Henley PlaceThe Harrison (Open 1BR)1BR,1BA$2.75
Parkridge ApartmentsStudioStudio ,1BA$2.69

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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Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Pet Friendly Lifestyle
Oldtown, Lake Oswego, OR

Ranked #17

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

Pet Friendliness Lifestyle Score

3.0
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 $1,630.

What is the price of a cheap apartment in Oldtown?

The cheapest apartment in Oldtown is Chesapeake Pointe which is listed at $1,370, while the average apartment in Oldtown costs $2,697.

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 19 regular apartments in Oldtown 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.

Articles, How-To's, and Tips

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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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.