Cheap Homes for Rent in Lake Oswego, OR from $1,200 (18 Rentals)

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Search the lowest-cost Homes 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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Lake Oswego, OR Local Guide

Cheapest Neighborhoods for Apartments in Lake Oswego, OR

Pricing Updated: 03/25/2025

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$1,19025

Cheapest Available Lake Oswego Apartments for Rent

 

The cheapest available apartment rental in Lake Oswego, OR is a Studio unit found at Parkridge Apartments in the Far Southwest Portland neighborhood priced from $1,200. Churchill Gardens Apartments in the Far Southwest Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,220. Here is today’s list of the most affordable Lake Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkridge ApartmentsEfficiencyStudio,1BA$1,200
Churchill Gardens Apartments2731x11BR,1BA$1,220
8417 SW 24th Ave1BR/1.0BA1BR,1BA$1,245
Capital Park1 bed-1 bath1BR,1BA$1,250
Todd Village ApartmentsMt. BakerStudio,1BA$1,260

Best Value Apartments for Rent in Lake Oswego, OR

As of March 25, 2025 the best value apartment in the Lake Oswego area is the $1.71 price per square foot 2 x 1.5 TH Model at River Lofts in the in the Childs neighborhood starting from $1,999. The second greatest value Lake Oswego apartment is the Plan C2A Model at Tualatin Heights starting at $2,036 with a $1.80 price per square foot in the Childs 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.
River Lofts2 x 1.5 TH2BR,1.5BA$1.71
Tualatin HeightsPlan C2A3BR,2BA$1.80
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1.57
Gatehouse Apartments2x22BR,2BA$1.72
Tigard York2x1L2BR,1BA$1.66
Willamalane2 Bed / 1 Bath2BR,1BA$1.57
Oak GroveTWO BED2BR,1BA$1.76
fivec012BR/1.0BA2BR,1BA$1.52
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.84

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Frequently Asked Questions about Lake Oswego

What type of rentals are currently available in Lake Oswego?

There are currently 382 Apartments for Rent in Lake Oswego, OR with pricing that ranges from $1,134 to $10,000. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Oswego ranging from $1,200 to $7,200.

What is the current price range for Rental Homes in Lake Oswego?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Oswego ranges from $1,200 to $7,200 with an average monthly rent of $3,290.

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.