Cheap Apartments for Rent in the Lake Forest Neighborhood of Lake Oswego, OR from $1,000 (41 Rentals)

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

property at 15370 Bangy Rd

15370 Bangy Rd

Lake OswegoOR97035

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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ReNew Laurelwood
2 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
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Jackson Square
2 Bedroom Apartments

Jackson Square

5318 Lakeview BlvdLake Oswego, OR 97035

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Tualatin Meadows
1 to 2 Bedroom Apartments

Tualatin Meadows

18755 SW 90th AveTualatin, OR 97062
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Edgewood Manor
1 to 2 Bedroom Apartments

Edgewood Manor

14500 SW Hall BlvdTigard, OR 97224
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The Fields Apartments
1 to 2 Bedroom Apartments

The Fields Apartments

7790 SW Hunziker RdTigard, OR 97223
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Fanno Creek Village
1 to 2 Bedroom Apartments

Fanno Creek Village

13816 SW Fanno Creek DrTigard, OR 97223

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 1-41, Page 1 of 1

Lake Forest, Lake Oswego, OR Local Guide

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in the Lake Forest area of Portland, OR is a 1 Bed unit found at Alongside Senior Apartments priced from $1,096. Asher Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Lake Forest apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Alongside Senior Apartments1 Bedroom1BR,1BA$1,096
Asher Park ApartmentsOne-Bedroom1BR,1BA$1,200
Timbers at TualatinPebbleStudio,1BA$1,409
The OverlandOne Bedroom A1BR,1BA$1,414
Stonesthrow ApartmentsA11BR,1BA$1,464
Tigard York2x1L2BR,1BA$1,495
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1,495
Hampton Park Apartments1 Bedroom, 1 Bath S1BR,1BA$1,520
Arya at Hedges CreekHawthorne Partial Upgrade1BR,1BA$1,586

Best Value Apartments for Rent in Lake Forest, OR

As of May 11, 2025 the best value apartment in the Lake Forest area is the $1.78 price per square foot 3 x 2 Model at River Lofts in the in the Childs neighborhood starting from $2,000. The second greatest value Lake Forest apartment is the Mount Hood Model at Main Street Village starting at $2,092 with a $1.89 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Lake Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Lofts3 x 23BR,2BA$1.78
Main Street VillageMount Hood2BR,2BA$1.89
The Bluffs at Mountain ParkThe Cedarwood2BR,1.5BA$2.02
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1.57
Haven Lake Oswego2 bed 2 bath2BR,2BA$1.92
Gatehouse Apartments2x22BR,2BA$1.72
Carriage House ApartmentsTwo Bedroom Renovated2BR,2BA$2.06
Tigard York2x1L2BR,1BA$1.66
Milo at Mountain ParkAsh Loft1BR,1BA$1.90
Alongside Senior Apartments1 Bedroom1BR,1BA$1.89

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lake Forest, Lake Oswego, OR

Ranked #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake Forest, Lake Oswego, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Oregon including Lake Forest, Lake Oswego, and the greater Portland area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, places to raise kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Getting Around the Lake Forest Neighborhood in Lake Oswego, OR

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

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 Forest Apartments

What is a cheap apartment in Lake Forest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Forest is under $1,586.

What is the price of a cheap apartment in Lake Forest?

The cheapest apartment in Lake Forest is Alongside Senior Apartments which is listed at $1,096, while the average apartment in Lake Forest costs $4,500.

What types of apartments are the cheapest in Lake Forest?

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 2 regular apartments in Lake Forest 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 Lake Forest?

Cheap apartments in Lake Forest have an average cost of $227 which is $4,273 cheaper than the average rent for all rentals in Lake Forest.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.