Cheap Apartments for Rent in Lake Oswego, OR from $800 (122 Rentals)

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

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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50 Northshore Rd
Studio to 3 Bedroom Apartments

50 Northshore Rd

50 Northshore RdLake Oswego, OR 97034
  • Utilities Included
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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035
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ReNew Laurelwood
2 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
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Showing Results 1-50, Page 1 of 3

Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 04/10/2025

Current apartment rentals in the Lake Oswego, OR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lake Oswego Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Oldtown$1,190$1,1901

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a 1 Bed unit found at Ridgeview Terrace in the Far Southwest Portland neighborhood priced from $1,200. 8417 SW 24th Ave in the Far Southwest Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,245. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Terrace1x11BR,1BA$1,200
8417 SW 24th Ave1BR/1.0BA1BR,1BA$1,245
Capital Park1 bed-1 bath1BR,1BA$1,250
2222 Apartments1BR/1.5BA1BR,1BA$1,300
Overlook at the WillametteStudioStudio,1BA$1,325
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,325
Miramonte LodgeMorrisonStudio,1BA$1,345
Grace Manor Apartments2bd1bth2BR,1BA$1,350
Axletree ApartmentsKelloggStudio,1BA$1,353
Hunt ClubPlan A11BR,1BA$1,364

Best Value Apartments for Rent in Lake Oswego, OR

As of April 10, 2025 the best value apartment in the Lake Oswego area is the $1.65 price per square foot Plan C Model at Waverley & Stuart Hall in the in the Eastmoreland neighborhood starting from $2,120. The second greatest value Lake Oswego apartment is the Layout B Model at River Cliff Apartments starting at $1,595 with a $1.45 price per square foot in the Foothills neighborhood. Here is today’s list of the best values for Lake Oswego apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Waverley & Stuart HallPlan C2BR,2BA$1.65
River Cliff ApartmentsLayout B2BR,1BA$1.45
Images Springcreek Apartments2BR/1.0BA2BR,1BA$1.77
Tualatin HeightsPlan B2B - Flat2BR,2BA$1.72
Gatehouse Apartments2x22BR,2BA$1.72
Tigard York2x1L2BR,1BA$1.66
Churchill Gardens Apartments2732x12BR,1BA$1.53
Willamalane2 Bed / 1 Bath2BR,1BA$1.57
Oak GroveTWO BED2BR,1BA$1.76
1919 SW Spring Garden St, Unit 31919 SW Spring Garden St2BR,1BA$1.72

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Pet Friendly Lifestyle
Lake Oswego, OR

Ranked #9

Among cities in Oregon for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lake Oswego, OR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Oswego, OR Rentals by Map

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See the most popular apartments and homes in Lake Oswego, OR

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Getting Around Lake Oswego, OR

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

25 / 100

Some Transit

A few nearby public transportation options

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 Lake Oswego Apartments

What is the Cheapest Studio apartment in Lake Oswego?

Currently the most affordable Cheap Studio Apartment in Lake Oswego is at Overlook at the Willamette listed at $1,325.

How much is rent for a Cheap One Bedroom Lake Oswego Apartment?

The lowest price for a Cheap One Bedroom Lake Oswego Apartment is $1,200 at Ridgeview Terrace.

What is the lowest price for a Cheap Two Bedroom Lake Oswego Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Oswego is starting from $1,350 at Grace Manor Apartments.

What is the most affordable Lake Oswego Three Bedroom Apartment?

The best deal on a cheap Lake Oswego Three Bedroom Apartment rental is at Rolling Hills Apartments and starts from $1,510.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.