Cheap Homes for Rent in Westlake Neighborhood of Lake Oswego, OR from $1,200 (12 Rentals)

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

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.

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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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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 Greenburg Oaks priced from $1,180. 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
Greenburg OaksONE BEDROOM1BR,1BA$1,180
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Capitol Park1 bed-1 bath1BR,1BA$1,250
Ridgeview Terrace1x11BR,1BA$1,250
ShenandoahOne Bedroom1BR,1BA$1,250

Best Value Apartments for Rent in Westlake, OR

As of December 08, 2025 the best value apartment in the Westlake area is the $1.86 price per square foot Two Bedroom Two Bath Model at Oswego Cove in the in the Far Southwest Portland neighborhood starting from $1,895. The second greatest value Westlake apartment is the 2x2 Model at Gatehouse Apartments starting at $1,595 with a $1.72 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.
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.86
Gatehouse Apartments2x22BR,2BA$1.72
Capitol Gardens2 Bed. Townhome2BR,1.5BA$1.88
The York2x1L2BR,1BA$1.61
Capitol Park2 bed-1 bath2BR,1BA$1.83
Jackson Square2 Bedroom - 1 Bath2BR,1BA$1.88
Capitola Commons1 bedroom 1 bath1BR,1BA$1.82
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.86
St James on Hall Apartments2BD 1BA2BR,1BA$1.72
Greenburg OaksONE BEDROOM1BR,1BA$1.69

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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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 139 Apartments for Rent in Westlake, OR with pricing that ranges from $842 to $9,956. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Westlake ranging from $1,250 to $4,400.

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 $1,250 to $4,400 with an average monthly rent of $2,765.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!