Cheap Apartments for Rent in the Westlake Neighborhood of Lake Oswego, OR from $800 (54 Rentals)

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

property at 4701 Galewood St

$1,645 - $1,975

1 To 2 Bedroom Rentals

Available Now

4701 Galewood St

Lake OswegoOR97035
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ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
Corporate Housing
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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.

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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.

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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.

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fivec01
1 to 2 Bedroom Apartments

fivec01

11102-11130 SW 62nd AvePortland, OR 97219
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Edgewood Manor
1 to 2 Bedroom Apartments

Edgewood Manor

14500 SW Hall BlvdTigard, OR 97224
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Westlake, Lake Oswego, OR Local Guide

Cheapest Available Westlake Apartments for Rent

 

The cheapest available apartment rental in the Westlake area of Portland, OR is a 1 Bed unit found at The York priced from $1,095. Ridgeview Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Westlake apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The York1x1 Small1BR,1BA$1,095
Ridgeview Terrace1x11BR,1BA$1,200
Greenburg OaksTWO BEDROOM2BR,1BA$1,240
Capitol Park1 bed-1 bath1BR,1BA$1,250
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
Terrace GlenStudioStudio,1BA$1,265
Fairfield Park ApartmentsOne Bedroom1BR,1BA$1,295
Silver Creek Apartments1x11BR,1BA$1,295
ShenandoahOne Bedroom1BR,1BA$1,325
Bonita Villa1 Bedroom 1 Bath1BR,1BA$1,348

Best Value Apartments for Rent in Westlake, OR

As of February 06, 2026 the best value apartment in the Westlake area is the $1.35 price per square foot THREE BEDROOM Model at Greenburg Oaks in the in the Far Southwest Portland neighborhood starting from $1,558. The second greatest value Westlake apartment is the 2 Bedroom Downstairs Model at The Reserve at Ashbrook starting at $1,950 with a $1.88 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Westlake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Greenburg OaksTHREE BEDROOM3BR,1BA$1.35
The Reserve at Ashbrook2 Bedroom Downstairs2BR,2BA$1.88
Capitol Park2 bed 2 bath2BR,2BA$1.85
The FieldsTWO BEDROOM2BR,1BA$1.65
Hampton Park Apartments2 Bedroom, 2 Bath2BR,2BA$1.84
Gatehouse Apartments2x22BR,2BA$1.72
Capitol Gardens2 Bed. Townhome2BR,1.5BA$1.60
The York2x1L2BR,1BA$1.61
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.79
Silver Creek Apartments1x11BR,1BA$1.73

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.

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The 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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Westlake, Lake Oswego, OR

Ranked #1

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Westlake, Lake Oswego, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Southwestern Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, transit availability, pet-friendly communities, places to raise kids, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Westlake Apartments

What is a cheap apartment in Westlake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Westlake is under $1,348.

What is the price of a cheap apartment in Westlake?

The cheapest apartment in Westlake is The York which is listed at $1,095, while the average apartment in Westlake costs $5,193.

What types of apartments are the cheapest in Westlake?

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 15 regular apartments in Westlake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Westlake?

Cheap apartments in Westlake have an average cost of $473 which is $4,720 cheaper than the average rent for all rentals in Westlake.

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

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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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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.

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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

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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.

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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.

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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.

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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.