
Cheap Homes for Rent in Walluga Neighborhood of Lake Oswego, OR from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Walluga area of Lake Oswego.


63 Galen St

47 Eagle Crest Dr, Unit 29
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.

7582 SW Hunziker Rd

47 Eagle Crest Dr

4 Touchstone Dr
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.
Walluga, Lake Oswego, OR Local Guide

How much does it cost to rent a home in Walluga?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walluga 2 Bedroom Homes for Rent | $2,110 | $1,450 | $2,695 |
| Walluga 3 Bedroom Homes for Rent | $3,017 | $2,395 | $3,799 |
| Walluga 4 Bedroom Homes for Rent | $3,348 | $2,950 | $3,999 |
| Walluga 5 Bedroom Homes for Rent | $4,350 | $4,300 | $4,400 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Walluga Neighborhood of Lake Oswego, OR.
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Walluga, Lake Oswego, OR Local Guide
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Cheapest Available Walluga Apartments for Rent
 The cheapest available apartment rental in the Walluga area of Portland, OR is a 1 Bed unit found at Red Rock Commons priced from $1,260. Fairfield Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,345. Here are the most affordable Walluga apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
| Fairfield Park Apartments | One Bedroom | 1BR,1BA | $1,345 |
| Bonita Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1,348 |
Best Value Apartments for Rent in Walluga, OR
As of December 12, 2025 the best value apartment in the Walluga area is the $1.86 price per square foot Two Bedroom Two Bath Model at Oswego Cove in the in the Far Southwest Portland neighborhood starting from $1,895. The second greatest value Walluga apartment is the 2x1L Model at The York starting at $1,450 with a $1.61 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Walluga apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.86 |
| The York | 2x1L | 2BR,1BA | $1.61 |
| Milo at Mountain Park | Ash Loft | 1BR,1BA | $2.17 |
| Bonita Villa | 2 Bedroom 1 Bath | 2BR,1BA | $1.99 |
| ReNew Laurelwood | Barberry | 2BR,1BA | $2.12 |
| The Bluffs at Mountain Park | The Birchwood | 1BR,1BA | $2.31 |
| The Ridge at Mountain Park Apartments | One Bedroom One Bath | 1BR,1BA | $2.10 |
| Hampton Ridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2.15 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1.91 |
| Fairfield Park Apartments | One Bedroom | 1BR,1BA | $2.07 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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 LifestyleWalluga, Lake Oswego, OR
Ranked #5
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Walluga, Lake Oswego, OR
Oak Creek Elementary School
Lake Oswego Senior High School
School data provided by Great Schools
Frequently Asked Questions about Walluga
What type of rentals are currently available in Walluga?
There are currently 81 Apartments for Rent in Walluga, OR with pricing that ranges from $1,250 to $9,956. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walluga ranging from $1,250 to $4,400.
What is the current price range for Rental Homes in Walluga?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Walluga ranges from $1,250 to $4,400 with an average monthly rent of $2,830.
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.
Helpful Local Expert Guides

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.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.
Articles, How-To's, and Tips

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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.