50 Northshore Rd
Lake OswegoOR97034
Cheap Apartments for Rent in the First Addition Neighborhood of Lake Oswego, OR from $800 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the First Addition area of Lake Oswego.
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from $1,235Studio to 3 Bedroom Apartments Available May 7
Parkridge Apartments
215 Greenridge DrLake Oswego, OR 97035
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Rent Specials
from $1,2611 to 5 Bedroom Apartments Available Now
One Jefferson
1 Jefferson PkyLake Oswego, OR 97035
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from $1,3271 to 3 Bedroom Apartments Contact Us For Availability
Mercy Greenbrae
3190 Furman DrLake Oswego, OR 97034
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from $1,100Studio to 2 Bedroom Apartments Available Now
Lake Village
11850 SE 26th AvePortland, OR 97222
15030 SE Arista Dr
PortlandOR97267
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from $1,325Studio to 3 Bedroom Apartments Available Now
Overlook at the Willamette
12601 SE River RdMilwaukie, OR 97222
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from $1,328Studio to 2 Bedroom Apartments Available Now
Axletree Apartments
11125 SE 21st StMilwaukie, OR 97222
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from $1,345Studio to 2 Bedroom Apartments Available Now
Miramonte Lodge
12200 SE McLoughlin BlvdMilwaukie, OR 97222
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Rent Specials
from $1,370Studio to 2 Bedroom Apartments Available Now
Henley Place
10306 SE Main StMilwaukie, OR 97222
3321-3327 SE Maple St
MilwaukieOR97267
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from $1,450Studio to 2 Bedroom Apartments Available Now
Holm at Sellwood
8220 SE 6th AvePortland, OR 97202
14620 SE Woodland Way
MilwaukieOR97267
15038 SE Arista Dr
PortlandOR97267
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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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Showing Results 1-30, Page 1 of 1
First Addition, Lake Oswego, OR Local Guide
View of Lakewood Bay, Oswego Lake by Wiki User: Esprqii is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in First Addition?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| First Addition Studio Apartments | $1,456 | $1,100 | $2,255 |
| First Addition 1 Bedroom Apartments | $1,845 | $1,223 | $3,700 |
| First Addition 2 Bedroom Apartments | $2,606 | $1,395 | $7,605 |
| First Addition 3 Bedroom Apartments | $2,563 | $1,841 | $3,035 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the First Addition Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
First Addition, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Available First Addition Apartments for Rent
The cheapest available apartment rental in the First Addition area of Portland, OR is a Studio unit found at Lake Village priced from $1,100. Overlook at the Willamette has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable First Addition apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Village | 0x1 | Studio,1BA | $1,100 |
| Overlook at the Willamette | Studio | Studio,1BA | $1,325 |
| Miramonte Lodge | Morrison | Studio,1BA | $1,345 |
| Axletree Apartments | Kellogg | Studio,1BA | $1,353 |
| Henley Place | The Maple | Studio,1BA | $1,370 |
| Holm at Sellwood | Studio A | Studio,1BA | $1,450 |
| Seven Acres | Currant - Bldg 1 | Studio,1BA | $1,460 |
| Banbury Apartments | One Bedroom/A | 1BR,1BA | $1,505 |
| River Cliff Apartments | Layout B | 2BR,1BA | $1,595 |
| One Jefferson | A5 | 1BR,1BA | $1,646 |
Best Value Apartments for Rent in First Addition, OR
As of April 20, 2025 the best value apartment in the First Addition 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 First Addition 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 First Addition apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Waverley & Stuart Hall | Plan C | 2BR,2BA | $1.65 |
| River Cliff Apartments | Layout B | 2BR,1BA | $1.45 |
| Images Springcreek Apartments | 2BR/1.0BA | 2BR,1BA | $1.77 |
| Oswego Pointe | 1 Bed 1 Bath | 1BR,1BA | $2.23 |
| One Jefferson | A1 | 1BR,1BA | $2.66 |
| Banbury Apartments | One Bedroom/A | 1BR,1BA | $2.35 |
| Axletree Apartments | Bernard | 1BR,1BA | $2.63 |
| Overlook at the Willamette | Studio | Studio ,1BA | $2.33 |
| Miramonte Lodge | Morrison | Studio ,1BA | $2.78 |
| Lake Village | 0x1 | Studio ,1BA | $2.93 |
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Pet Friendly LifestyleFirst Addition, Lake Oswego, OR
Ranked #18
Among neighborhoods in Lake Oswego, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in First Addition, Lake Oswego, OR
Forest Hills Elementary School
Lake Oswego School District 7j
Public School - Grades K-5 (419)
8 out of 10
Lake Oswego Senior High School
Lake Oswego School District 7j
Public School - Grades 9-12 (1245)
9 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Southern Portland. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap First Addition Apartments
What is a cheap apartment in First Addition?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in First Addition is under $1,646.
What is the price of a cheap apartment in First Addition?
The cheapest apartment in First Addition is Lake Village which is listed at $1,325, while the average apartment in First Addition costs $4,500.
What types of apartments are the cheapest in First Addition?
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 9 regular apartments in First Addition 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 First Addition?
Cheap apartments in First Addition have an average cost of $179 which is $4,321 cheaper than the average rent for all rentals in First Addition.
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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.