Cheap Homes for Rent in Westlake Neighborhood of Lake Oswego, OR from $1,200 (7 Rentals)

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

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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 Village at Washington Square priced from $1,248. Capitol Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Westlake apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Capitol Park1 bed-1 bath1BR,1BA$1,250
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260

Best Value Apartments for Rent in Westlake, OR

As of September 07, 2025 the best value apartment in the Westlake area is the $1.85 price per square foot 2 bed 2 bath Model at Capitol Park in the in the Far Southwest Portland neighborhood starting from $1,850. The second greatest value Westlake apartment is the 2x2 Model at Gatehouse Apartments starting at $1,550 with a $1.67 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.
Capitol Park2 bed 2 bath2BR,2BA$1.85
Gatehouse Apartments2x22BR,2BA$1.67
Capitol Gardens2 Bed. Flat2BR,1.5BA$1.93
The York2x1L2BR,1BA$1.55
9500 SW Greenburg Rd2x12BR,1BA$1.90
Fairfield Park ApartmentsUpstairs2BR,1BA$1.88
Ridgeview Terrace2x22BR,2BA$1.82
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.86
Red Rock Commons1 Bed 1 Bath1BR,1BA$1.91
Village at Washington Square1BDRM/1BATH1BR,1BA$1.92

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Westlake, Lake Oswego, OR

Ranked #2

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

Frequently Asked Questions about Westlake

What type of rentals are currently available in Westlake?

There are currently 144 Apartments for Rent in Westlake, OR with pricing that ranges from $1,248 to $4,730. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Westlake ranging from $1,245 to $5,000.

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 $1,245 to $5,000 with an average monthly rent of $2,813.

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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.