Cheap Apartments for Rent in the Westlake Neighborhood of Lake Oswego, OR from $500 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Westlake 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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Terrace Glen Apartments
Studio to 2 Bedroom Apartments

Terrace Glen Apartments

9660 SW Greenburg RdPortland, OR 97223
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Red Rock Commons
1 Bedroom Apartments

Red Rock Commons

11090 SW 68th PkyTigard, OR 97223
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LuDon Apartments
2 to 3 Bedroom Apartments

LuDon Apartments

4501-4537 SW Luradel StPortland, OR 97219
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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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JANEWOOD WEST
1 Bedroom Apartments

JANEWOOD WEST

10800 SW Barbur BlvdPortland, OR 97219
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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 1-46, Page 1 of 1

Westlake, Lake Oswego, OR Local Guide

Cheapest Available Westlake Apartments for Rent

 

The cheapest available apartment rental in the Westlake area of Portland, OR is a 1 Bed unit found at Tigard York priced from $1,095. Parkridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Westlake apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Tigard York1x1 Small1BR,1BA$1,095
Parkridge ApartmentsEfficiencyStudio,1BA$1,200
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Capital Park1 bed-1 bath1BR,1BA$1,250
ShenandoahOne Bedroom1BR,1BA$1,275
fivec012BR/1.0BA2BR,1BA$1,295
St James on Hall Apartments1BD 1BA1BR,1BA$1,300
Ridgeview Terrace1x11BR,1BA$1,350
The OverlandStudioStudio,1BA$1,350
Hermoso ViewStudio GStudio,1BA$1,350

Best Value Apartments for Rent in Westlake, OR

As of March 23, 2025 the best value apartment in the Westlake area is the $1.85 price per square foot 2 bed 2 bath Model at Capital Park in the in the Far Southwest Portland neighborhood starting from $1,850. The second greatest value Westlake apartment is the 2x1 Model at Silver Creek Apartments-KL-11580-Y starting at $1,495 with a $1.57 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Westlake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Capital Park2 bed 2 bath2BR,2BA$1.85
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1.57
Haven Lake Oswego2 bed 2 bath2BR,2BA$1.91
Hampton Ridge Apartments2 Bedroom 2 Bath2BR,2BA$1.88
Gatehouse Apartments2x22BR,2BA$1.72
9500 SW Greenburg Rd2x12BR,1BA$1.77
Fairfield Park ApartmentsUpstairs2BR,1BA$1.88
fivec012BR/1.0BA2BR,1BA$1.52
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.86
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.84

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Westlake, Lake Oswego, OR

Ranked #1

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
Westlake, Lake Oswego, OR

School data provided by Great Schools

Best Local Schools in
Westlake, Lake Oswego, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Southwestern Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, transit availability, pet-friendly communities, places to raise kids, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Westlake Neighborhood in Lake Oswego, OR

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

22 / 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 Westlake Apartments

What is a cheap apartment in Westlake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Westlake is under $1,350.

What is the price of a cheap apartment in Westlake?

The cheapest apartment in Westlake is Tigard York which is listed at $1,095, while the average apartment in Westlake costs $4,500.

What types of apartments are the cheapest in Westlake?

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 84 regular apartments in Westlake 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 Westlake?

Cheap apartments in Westlake have an average cost of $225 which is $4,275 cheaper than the average rent for all rentals in Westlake.

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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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.