
Cheap Apartments for Rent in the Oldtown Neighborhood of Lake Oswego, OR from $800 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oldtown area of Lake Oswego.


Lake Village

Fox Pointe

North Main Village
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.

Miramonte Lodge

Overlook at the Willamette

Axletree Apartments

Oak Grove

Henley Place
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.

Concord Crossing

Seven Acres

11121 SE 31st Ave, Unit b
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.
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 | $1,350 | $1,100 | $1,485 |
Oldtown 1 Bedroom Apartments | $1,857 | $1,280 | $5,705 |
Oldtown 2 Bedroom Apartments | $2,266 | $1,395 | $5,550 |
Oldtown 3 Bedroom Apartments | $2,740 | $1,778 | $3,385 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Oldtown Neighborhood of Lake Oswego, OR.
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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 Lake Village priced from $1,100. Miramonte Lodge has the second lowest priced unit, which is a Studio apartment currently listed from $1,285. Here are the most affordable Oldtown apartments for rent in Lake Oswego, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Village | 0x1 | Studio,1BA | $1,100 |
Miramonte Lodge | Morrison | Studio,1BA | $1,285 |
Axletree Apartments | KELLOGG 1 | Studio,1BA | $1,325 |
Oak Grove | ONE BED | 1BR,1BA | $1,370 |
Driftwood Terrace | 2x1 | 2BR,1BA | $1,395 |
Best Value Apartments for Rent in Oldtown, OR
As of October 13, 2025 the best value apartment in the Oldtown area is the $1.59 price per square foot 2 Bedroom, 1 Bath B Model at Fox Pointe in the in the Hidden Springs neighborhood starting from $1,546. The second greatest value Oldtown apartment is the Plan D Model at Birnam Oaks at Waverley Greens starting at $2,650 with a $2.74 price per square foot in the Eastmoreland 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 | 2 Bedroom, 1 Bath B | 2BR,1BA | $1.59 |
Birnam Oaks at Waverley Greens | Plan D | 1BR,1BA | $2.74 |
Parkridge Apartments | 2x1 | 2BR,1BA | $2.21 |
Overlook at the Willamette | Two Bedroom | 2BR,1BA | $2.16 |
Driftwood Terrace | 2x1 | 2BR,1BA | $1.74 |
Oak Grove | ONE BED | 1BR,1BA | $1.83 |
11121 SE 31st Ave, Unit b | 11121 SE 31st Ave | 1BR,1BA | $2.00 |
Concord Crossing | One Bedroom & One Bath | 1BR,1BA | $2.01 |
Images Springcreek Apartments | 1BR/1.0BA | 1BR,1BA | $2.39 |
Miramonte Lodge | Morrison | Studio ,1BA | $2.64 |
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Pet Friendly LifestyleOldtown, Lake Oswego, OR
Ranked #13
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Oldtown Neighborhood in Lake Oswego, OR
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
57 / 100
Bikeable
Some bike infrastructure
Transit Score®
32 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,460.
What is the price of a cheap apartment in Oldtown?
The cheapest apartment in Oldtown is Oak Grove which is listed at $1,370, while the average apartment in Oldtown costs $2,899.
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 14 regular apartments in Oldtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.