Cheap Apartments for Rent in the First Addition Neighborhood of Lake Oswego, OR from $800 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the First Addition area of Lake Oswego.

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Northshore Apartments
Studio to 3 Bedroom Apartments

Northshore Apartments

50 Northshore RdLake Oswego, OR 97034
  • Utilities Inc.

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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Courtney Square
1 to 2 Bedroom Apartments

Courtney Square

2660 SE Courtney RdPortland, OR 97222
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North Main Village
1 to 2 Bedroom Apartments

North Main Village

10558-10560 SE Main StMilwaukie, OR 97222
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Stanford
2 Bedroom Apartments

Stanford

2013 SE Courtney RdMilwaukie, OR 97222
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Shorewood Terrace
1 Bedroom Apartments

Shorewood Terrace

11233 SE 27th AveMilwaukie, OR 97222
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Chestnut Place
1 to 2 Bedroom Apartments

Chestnut Place

12106 SE Lake RdMilwaukie, OR 97222
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Forest Ridge
2 Bedroom Apartments

Forest Ridge

12600 SE River Rd SPortland, OR 97222
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Crystal Lake
1 to 2 Bedroom Apartments

Crystal Lake

10500 SE 26th AveMilwaukie, OR 97222
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Lake Village
2 to 3 Bedroom Apartments

Lake Village

11850 SE 26th AvePortland, OR 97222
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Showing Results 1-25, Page 1 of 1

First Addition, Lake Oswego, OR Local Guide

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 Driftwood Terrace Apartments priced from $1,295. 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 ListingModel NameBed/BathPriced From
Driftwood Terrace ApartmentsStudioStudio,1BA$1,295
Overlook at the WillametteStudioStudio,1BA$1,325
Holm at SellwoodStudio A5Studio,1BA$1,399
Henley PlaceThe MapleStudio,1BA$1,430
Axletree ApartmentsKelloggStudio,1BA$1,449

Best Value Apartments for Rent in First Addition, OR

As of March 14, 2025 the best value apartment in the First Addition area is the $1.50 price per square foot 2x1.5 Model at Willamette Townhouse in the in the Eastmoreland neighborhood starting from $1,650. The second greatest value First Addition apartment is the Two Bedroom Two Bath Model at Oswego Cove starting at $2,095 with a $2.05 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for First Addition apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Willamette Townhouse2x1.52BR,1.5BA$1.50
Oswego CoveTwo Bedroom Two Bath2BR,2BA$2.05
Images Springcreek Apartments2BR/1.0BA2BR,1BA$1.87
Tara West Apartments2 Bedroom / 1.0 Bath townhome2BR,1.5BA$1.59
Oswego Pointe1 Bed 1 Bath1BR,1BA$1.96
Parkridge Apartments1 Bed/1 Bath1BR,1BA$1.99
Oak Grove Terraces2 bed 1 bath upper2BR,1BA$2.02
Lake Village2x12BR,1BA$2.03
Banbury ApartmentsOne Bedroom/A1BR,1BA$2.35
Overlook at the WillametteStudioStudio ,1BA$2.33

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Pet Friendly Lifestyle
First Addition, Lake Oswego, OR

Ranked #18

Among neighborhoods in Lake Oswego, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
First Addition, Lake Oswego, OR

School data provided by Great Schools

Best Local Schools in
First Addition, Lake Oswego, OR

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 the Cheapest Studio apartment in First Addition?

Currently the most affordable Cheap Studio Apartment in First Addition is at Driftwood Terrace Apartments listed at $1,295.

How much is rent for a Cheap One Bedroom First Addition Apartment?

The lowest price for a Cheap One Bedroom First Addition Apartment is $1,485 at Henley Place.

What is the lowest price for a Cheap Two Bedroom First Addition Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in First Addition is starting from $1,495 at Driftwood Terrace Apartments.

What is the most affordable First Addition Three Bedroom Apartment?

The best deal on a cheap First Addition Three Bedroom Apartment rental is at Lake Village and starts from $1,825.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.