Cheap Apartments for Rent in the Lake Forest Neighborhood of Lake Oswego, OR from $900 (35 Rentals)

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

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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

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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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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Asher Park Apartments
1 Bedroom Apartments

Asher Park Apartments

11865 SW Greenburg RdTigard, OR 97223
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Park Place Apartments
3 Bedroom Apartments

Park Place Apartments

11555 SW 88th AveTigard, OR 97223
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Fanno Creek Village
1 to 2 Bedroom Apartments

Fanno Creek Village

13816 SW Fanno Creek DrTigard, OR 97223
Showing Results 1-35, 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 Studio unit found at Parkridge Apartments priced from $1,200. Hermoso View has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here are the most affordable Lake Forest apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Parkridge ApartmentsEfficiencyStudio,1BA$1,200
Hermoso ViewStudio GStudio,1BA$1,350
Tigard York2x1L2BR,1BA$1,495
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1,495
Hampton Park Apartments1 Bedroom, 1 Bath S1BR,1BA$1,520
Attwell Off MainS1Studio,1BA$1,523
The OverlandOne Bedroom A1BR,1BA$1,535
One JeffersonA51BR,1BA$1,540
Hunt ClubPlan A11BR,1BA$1,555

Best Value Apartments for Rent in Lake Forest, OR

As of March 26, 2025 the best value apartment in the Lake Forest 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 Forest apartment is the Mount Hood Model at Main Street Village starting at $2,114 with a $1.91 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 Lofts2 x 1.5 TH2BR,1.5BA$1.71
Main Street VillageMount Hood2BR,2BA$1.91
Oswego CoveTwo Bedroom Two Bath2BR,2BA$2.05
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1.57
Haven Lake Oswego2 bed 2 bath2BR,2BA$1.91
Gatehouse Apartments2x22BR,2BA$1.72
Hampton Ridge Apartments2 Bedroom 2 Bath2BR,2BA$1.88
Tigard York2x1L2BR,1BA$1.66
The Bluffs at Mountain ParkThe Birchwood1BR,1BA$2.28
Stonesthrow Apartments1B1BR,1BA$2.24

Quick Rent Budget Calculator

How much rent can you afford?

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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

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 $1,555.

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

The cheapest apartment in Lake Forest is Hampton Park Apartments which is listed at $1,520, 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 48 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 $229 which is $4,271 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.

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.