
Cheap Apartments for Rent in the Oldtown Neighborhood of Lake Oswego, OR from $800 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oldtown area of Lake Oswego.


Uptown at Lake Oswego

Total Monthly Price
Parkridge Apartments

Northshore Apartments

Lake Village and Lakewood Apartments

Fox Pointe
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North Main Village

Axletree Apartments - City Vibes, Small Town Soul

Miramonte Lodge

Chesapeake Pointe

Total Monthly Price
Oak Grove

Henley Place
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.

PARG -Risley & East Avenue
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 | $1,357 | $1,125 | $1,525 |
| Oldtown 1 Bedroom Apartments | $1,759 | $1,291 | $3,500 |
| Oldtown 2 Bedroom Apartments | $2,052 | $1,399 | $5,730 |
| Oldtown 3 Bedroom Apartments | $3,303 | $1,749 | $6,055 |
Browse Apartments in this Neighborhood
There are currently 13 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Grove | ONE BED | 1BR,1BA | $1,348 |
| Chesapeake Pointe | 1 Bedroom | 1BR,1BA | $1,370 |
| Fox Pointe | 2 Bedroom, 1 Bath C | 2BR,1BA | $1,399 |
| Axletree Apartments - City Vibes, Small Town Soul | KELLOGG 1 | Studio,1BA | $1,425 |
| Lake Village and Lakewood Apartments | 2 X 1 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| North Main Village | 2 Bed 2 Bath | 2BR,2BA | $1.47 |
| Fox Pointe | 2 Bedroom, 1 Bath B | 2BR,1BA | $1.44 |
| Oak Grove | ONE BED | 1BR,1BA | $1.85 |
| Lake Village and Lakewood Apartments | 2x1 | 2BR,1BA | $2.03 |
| Concord Crossing | One Bedroom & One Bath | 1BR,1BA | $2.27 |
| Chesapeake Pointe | 1 Bedroom with Fireplace and Carport | 1BR,1BA | $1.95 |
| Overlook at the Willamette | One Bedroom | 1BR,1BA | $2.31 |
| Seven Acres | Blueblossom - Bldg 1 | 1BR,1BA | $2.77 |
| Henley Place | The Harrison (Open 1BR) | 1BR,1BA | $2.75 |
| Parkridge Apartments | Studio | Studio ,1BA | $2.69 |
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Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleOldtown, Lake Oswego, OR
Ranked #17
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 $1,630.
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

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.

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.

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.