Cheap Apartments for Rent in the Westlake Neighborhood of Lake Oswego, OR from $1,100 (56 Rentals)

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

property at 15370 Bangy Rd

15370 Bangy Rd

Lake OswegoOR97035
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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035

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.

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ReNew Laurelwood
2 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
  • Utilities Included
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ReNew Oakridge
2 Bedroom Apartments

ReNew Oakridge

4628 Oakridge RdLake Oswego, OR 97035
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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.

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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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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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LuDon Apartments
2 to 3 Bedroom Apartments

LuDon Apartments

4501-4537 SW Luradel StPortland, OR 97219
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The Fields Apartments
1 to 2 Bedroom Apartments

The Fields Apartments

7790 SW Hunziker RdTigard, OR 97223
  • Utilities Included

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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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 Studio unit found at The Overland priced from $1,217. 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 ListingModel NameBed/BathPriced From
The OverlandStudioStudio,1BA$1,217
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
Edgewood Manor1BR 1 Bath1BR,1BA$1,325
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1,350
ShenandoahOne Bedroom1BR,1BA$1,350
Silver Creek Apartments2x12BR,1BA$1,395
St James on Hall Apartments2BD 1BA2BR,1BA$1,400
Hermoso ViewStudio BStudio,1BA$1,400
Ridgeview Terrace2x12BR,1BA$1,495

Best Value Apartments for Rent in Westlake, OR

As of June 27, 2025 the best value apartment in the Westlake area is the $1.72 price per square foot 2x2 Model at Gatehouse Apartments in the in the Far Southwest Portland neighborhood starting from $1,595. The second greatest value Westlake apartment is the Plan B2B Model at Hunt Club starting at $1,729 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.
Gatehouse Apartments2x22BR,2BA$1.72
Hunt ClubPlan B2B2BR,2BA$1.88
Capitol Park2 bed-1 bath2BR,1BA$1.83
Silver Creek Apartments2x12BR,1BA$1.55
The York2x1L2BR,1BA$1.66
9500 SW Greenburg Rd2x12BR,1BA$1.90
Fairfield Park ApartmentsUpstairs2BR,1BA$1.88
Ridgeview Terrace2x22BR,2BA$1.88
St James on Hall Apartments2BD 1BA2BR,1BA$1.85
Edgewood Manor1BR 1 Bath1BR,1BA$1.89

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Westlake, Lake Oswego, OR

Ranked #1

Among neighborhoods in Lake Oswego, OR 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!

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 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 $1,495.

What is the price of a cheap apartment in Westlake?

The cheapest apartment in Westlake is Village at Washington Square which is listed at $1,248, while the average apartment in Westlake costs $4,500.

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 11 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 $237 which is $4,263 cheaper than the average rent for all rentals in Westlake.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.