
Cheap Apartments for Rent in the Westlake Neighborhood of Lake Oswego, OR from $800 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Westlake area of Lake Oswego.


15370 Bangy Rd

One Jefferson

The Ridge at Mountain Park Apartments

Parkridge Apartments

Greenburg Oaks

4245 SW Alfred St
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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.

11013 SW 51st Ave

Village at Washington Square

Capitol Park

Shenandoah

11102-11130 SW 62nd Ave

Fairfield Park Apartments

Bonita Villa
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Ridgeview Terrace

4523 SW Luradel St

Creekside Commons Apartments

St James on Hall Apartments

Greenburg Apartments

Main Street Village

Attwell off Main

Hampton Park Apartments
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Silver Creek Apartments

Oak Street Lofts

Hampton Ridge Apartments

The Overland

72nd Apartments

Hermoso View

Carriage House Apartments
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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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Westlake, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Westlake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Westlake Studio Apartments | $1,587 | $1,095 | $2,097 |
Westlake 1 Bedroom Apartments | $1,776 | $848 | $3,577 |
Westlake 2 Bedroom Apartments | $2,154 | $992 | $3,659 |
Westlake 3 Bedroom Apartments | $3,157 | $1,103 | $9,956 |
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Westlake Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
Westlake, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Westlake Apartments for Rent
 The cheapest available apartment rental in the Westlake area of Portland, OR is a Studio unit found at Quail Ridge Apartments priced from $1,050. Village at Washington Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,248. Here are the most affordable Westlake apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Quail Ridge Apartments | Studio Large | Studio,1BA | $1,050 |
Village at Washington Square | 1BDRM/1BATH | 1BR,1BA | $1,248 |
Capitol Park | 1 bed-1 bath | 1BR,1BA | $1,250 |
Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
Shenandoah | One Bedroom | 1BR,1BA | $1,275 |
Fairfield Park Apartments | One Bedroom | 1BR,1BA | $1,345 |
Bonita Villa | 1 Bedroom 1 Bath | 1BR,1BA | $1,348 |
Creekside Commons Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,395 |
Hunt Club | Plan B1 | 2BR,1BA | $1,399 |
Best Value Apartments for Rent in Westlake, OR
As of October 22, 2025 the best value apartment in the Westlake area is the $1.88 price per square foot Cedar Model at Milo at Mountain Park in the in the Far Southwest Portland neighborhood starting from $2,156. The second greatest value Westlake apartment is the Two Bedroom Two Bath Model at Oswego Cove starting at $1,995 with a $1.96 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Milo at Mountain Park | Cedar | 2BR,2BA | $1.88 |
Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.96 |
Gatehouse Apartments | 2x2 | 2BR,2BA | $1.67 |
Capitol Gardens | 2 Bed. Townhome | 2BR,1.5BA | $1.88 |
The York | 2x1L | 2BR,1BA | $1.66 |
Hunt Club | Plan B1 | 2BR,1BA | $1.78 |
9500 SW Greenburg Rd | 2x1 | 2BR,1BA | $1.90 |
Capitol Park | 1 bed-1 bath | 1BR,1BA | $1.79 |
Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1.91 |
Village at Washington Square | 1BDRM/1BATH | 1BR,1BA | $1.92 |
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 LifestyleWestlake, Lake Oswego, OR
Ranked #2
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Westlake, Lake Oswego, OR
Oak Creek Elementary School
Lake Oswego Senior High School
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!
Getting Around the Westlake Neighborhood in Lake Oswego, OR
Walk Score®
57 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
22 / 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 Westlake Apartments
What is the Cheapest Studio apartment in Westlake?
Currently the most affordable Cheap Studio Apartment in Westlake is at Quail Ridge Apartments listed at $1,050.
How much is rent for a Cheap One Bedroom Westlake Apartment?
The lowest price for a Cheap One Bedroom Westlake Apartment is $1,248 at Village at Washington Square.
What is the lowest price for a Cheap Two Bedroom Westlake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Westlake is starting from $1,399 at Hunt Club.
What is the most affordable Westlake Three Bedroom Apartment?
The best deal on a cheap Westlake Three Bedroom Apartment rental is at Village at Washington Square and starts from $1,731.
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.

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.