
Cheap Apartments for Rent in the Palisades Neighborhood of Lake Oswego, OR from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palisades area of Lake Oswego.


Parkridge Apartments

The Ridge at Mountain Park Apartments
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.

Haven Lake Oswego

Kruseway Commons
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Commons on the Tualatin River

Rolling Hills Apartments

Timbers at Tualatin
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Stonesthrow Apartments

18035 Upper Midhill Dr, Unit Garden Apartment

The Steward
Palisades, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Palisades?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Palisades Studio Apartments | $1,854 | $1,295 | $2,794 |
Palisades 1 Bedroom Apartments | $2,151 | $1,224 | $6,716 |
Palisades 2 Bedroom Apartments | $2,807 | $1,460 | $10,000+ |
Palisades 3 Bedroom Apartments | $3,663 | $1,495 | $6,105 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Palisades Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
Palisades, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Palisades Apartments for Rent
 The cheapest available apartment rental in the Palisades area of Portland, OR is a Studio unit found at Parkridge Apartments priced from $1,295. Commons on the Tualatin River has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable Palisades apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parkridge Apartments | Efficiency | Studio,1BA | $1,295 |
Commons on the Tualatin River | Rogue | Studio,1BA | $1,325 |
Timbers at Tualatin | Pebble | Studio,1BA | $1,396 |
Stonesthrow Apartments | A1 | 1BR,1BA | $1,431 |
Rolling Hills Apartments | 2 Bedroom 1 Bath A | 2BR,1BA | $1,460 |
Best Value Apartments for Rent in Palisades, OR
As of June 30, 2025 the best value apartment in the Palisades area is the $2.04 price per square foot Cedar Model at Milo at Mountain Park in the in the Far Southwest Portland neighborhood starting from $2,348. The second greatest value Palisades apartment is the 1932 Sunburst Ter Model at 1932 Sunburst Ter, Unit Apartment starting at $1,850 with a $1.68 price per square foot in the Glenmorrie neighborhood. Here is today’s list of the best values for Palisades apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Milo at Mountain Park | Cedar | 2BR,2BA | $2.04 |
1932 Sunburst Ter, Unit Apartment | 1932 Sunburst Ter | 1BR,1BA | $1.68 |
Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.99 |
Oswego Pointe | 1 Bed 1 Bath | 1BR,1BA | $2.19 |
Hunt Club | Plan B2B | 2BR,2BA | $1.85 |
Parkridge Apartments | 2x1 | 2BR,1BA | $2.18 |
Rolling Hills Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $2.01 |
18035 Upper Midhill Dr, Unit Garden Apartment | 18035 Upper Midhill Dr | 1BR,1BA | $1.97 |
The Ridge at Mountain Park Apartments | One Bedroom One Bath | 1BR,1BA | $2.10 |
Haven Lake Oswego | 1 Bed 1 Bath | 1BR,1BA | $2.32 |
Quick 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 LifestylePalisades, Lake Oswego, OR
Ranked #10
Among neighborhoods in Lake Oswego, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Palisades Neighborhood in Lake Oswego, OR
Walk Score®
26 / 100
Car-Dependent
Most errands require a car
Bike Score®
46 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
13 / 100
Minimal Transit
It may be possible to get on a bus
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 Palisades Apartments
What is the Cheapest Studio apartment in Palisades?
Currently the most affordable Cheap Studio Apartment in Palisades is at Commons on the Tualatin River listed at $1,325.
How much is rent for a Cheap One Bedroom Palisades Apartment?
The lowest price for a Cheap One Bedroom Palisades Apartment is $1,431 at Stonesthrow Apartments.
What is the lowest price for a Cheap Two Bedroom Palisades Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palisades is starting from $1,460 at Rolling Hills Apartments.
What is the most affordable Palisades Three Bedroom Apartment?
The best deal on a cheap Palisades Three Bedroom Apartment rental is at Rolling Hills Apartments and starts from $1,495.
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.

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.