
Cheap Homes for Rent in Westlake Neighborhood of Lake Oswego, OR from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Westlake area of Lake Oswego.


12345 SW Hall Blvd

100 Kerr Pkwy

7582 SW Hunziker Rd
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.

3334 SW Luradel St

5023-5033-5033 SW Pasadena St

34 Oswego Smt, Unit 34 Oswego Smt

47 Eagle Crest 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.
Westlake, Lake Oswego, OR Local Guide

How much does it cost to rent a home in Westlake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Westlake 2 Bedroom Homes for Rent | $2,349 | $1,300 | $4,250 |
Westlake 3 Bedroom Homes for Rent | $3,165 | $2,450 | $3,800 |
Westlake 4 Bedroom Homes for Rent | $3,436 | $3,250 | $3,625 |
Westlake 5 Bedroom Homes for Rent | $3,875 | $3,875 | $3,875 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Westlake Neighborhood of Lake Oswego, OR.
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Westlake, Lake Oswego, OR Local Guide
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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. Greenburg Oaks has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,215. 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 |
Greenburg Oaks | ONE BEDROOM | 1BR,1BA | $1,215 |
Village at Washington Square | 1BDRM/1BATH | 1BR,1BA | $1,248 |
Best Value Apartments for Rent in Westlake, OR
As of October 23, 2025 the best value apartment in the Westlake area is the $1.96 price per square foot Two Bedroom Two Bath Model at Oswego Cove in the in the Far Southwest Portland neighborhood starting from $1,995. The second greatest value Westlake apartment is the 2 bed 2 bath Model at Capitol Park starting at $1,850 with a $1.85 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. |
---|---|---|---|
Oswego Cove | Two Bedroom Two Bath | 2BR,2BA | $1.96 |
Capitol Park | 2 bed 2 bath | 2BR,2BA | $1.85 |
Gatehouse Apartments | 2x2 | 2BR,2BA | $1.67 |
Capitol Gardens | 2 Bed. Townhome | 2BR,1.5BA | $1.88 |
The York | 2x1L | 2BR,1BA | $1.66 |
9500 SW Greenburg Rd | 2x1 | 2BR,1BA | $1.90 |
Bonita Villa | 2 Bedroom 1 Bath | 2BR,1BA | $1.99 |
Greenburg Oaks | ONE BEDROOM | 1BR,1BA | $1.74 |
Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1.91 |
Village at Washington Square | 1BDRM/1BATH | 1BR,1BA | $1.92 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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
Frequently Asked Questions about Westlake
What type of rentals are currently available in Westlake?
There are currently 143 Apartments for Rent in Westlake, OR with pricing that ranges from $848 to $9,956. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Westlake ranging from $1,295 to $4,250.
What is the current price range for Rental Homes in Westlake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Westlake ranges from $1,295 to $4,250 with an average monthly rent of $2,892.
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.