Cheap Apartments for Rent in the Palisades Neighborhood of Lake Oswego, OR from $800 (15 Rentals)

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

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50 Northshore Rd
Studio to 3 Bedroom Apartments

50 Northshore Rd

50 Northshore RdLake Oswego, OR 97034
  • Utilities Included
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ReNew Laurelwood
2 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035

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.

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.

Palisades, Lake Oswego, OR Local Guide

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 ListingModel NameBed/BathPriced From
Parkridge ApartmentsEfficiencyStudio,1BA$1,295
Commons on the Tualatin RiverRogueStudio,1BA$1,325
Timbers at TualatinPebbleStudio,1BA$1,396
Stonesthrow ApartmentsA11BR,1BA$1,431
Rolling Hills Apartments2 Bedroom 1 Bath A2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Milo at Mountain ParkCedar2BR,2BA$2.04
1932 Sunburst Ter, Unit Apartment1932 Sunburst Ter1BR,1BA$1.68
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.99
Oswego Pointe1 Bed 1 Bath1BR,1BA$2.19
Hunt ClubPlan B2B2BR,2BA$1.85
Parkridge Apartments2x12BR,1BA$2.18
Rolling Hills Apartments2 Bedroom 1 Bath2BR,1BA$2.01
18035 Upper Midhill Dr, Unit Garden Apartment18035 Upper Midhill Dr1BR,1BA$1.97
The Ridge at Mountain Park ApartmentsOne Bedroom One Bath1BR,1BA$2.10
Haven Lake Oswego1 Bed 1 Bath1BR,1BA$2.32

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Pet Friendly Lifestyle
Palisades, Lake Oswego, OR

Ranked #10

Among neighborhoods in Lake Oswego, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.