
Cheap Homes for Rent in Westlake Neighborhood of Lake Oswego, OR from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Westlake area of Lake Oswego.

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.

7582 SW Hunziker Rd
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3334 SW Luradel St
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4000 Carman Dr, Unit 34
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

14655 SW 76th Ave

10710 SW 62nd Dr
Westlake, Lake Oswego, OR Local Guide

How much does it cost to rent a home in Westlake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Westlake 2 Bedroom Homes for Rent | $2,736 | $1,395 | $4,550 |
Westlake 3 Bedroom Homes for Rent | $3,824 | $2,450 | $5,600 |
Westlake 4 Bedroom Homes for Rent | $4,227 | $2,895 | $6,500 |
Westlake 5 Bedroom Homes for Rent | $4,850 | $4,200 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Westlake Neighborhood of Lake Oswego, OR.
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Westlake, Lake Oswego, OR Local Guide
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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 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 Westlake apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Alongside Senior Apartments | 1 Bedroom | 1BR,1BA | $1,096 |
Asher Park Apartments | One-Bedroom | 1BR,1BA | $1,200 |
Village at Washington Square | 1BDRM/1BATH | 1BR,1BA | $1,248 |
Best Value Apartments for Rent in Westlake, OR
As of May 10, 2025 the best value apartment in the Westlake area is the $1.88 price per square foot Mount St. Helens Model at Main Street Village in the in the Far Southwest Portland neighborhood starting from $2,376. The second greatest value Westlake apartment is the 2 bed 2 bath Model at Capital Park starting at $1,850 with a $1.85 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Main Street Village | Mount St. Helens | 3BR,2BA | $1.88 |
Capital Park | 2 bed 2 bath | 2BR,2BA | $1.85 |
Silver Creek Apartments-KL-11580-Y | 2x1 | 2BR,1BA | $1.57 |
Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
Tigard York | 2x1L | 2BR,1BA | $1.66 |
Milo at Mountain Park | Ash Loft | 1BR,1BA | $1.90 |
Fairfield Park Apartments | Upstairs | 2BR,1BA | $1.88 |
Quail Ridge Apartments | 2 Bedroom, 1 Bath Large | 2BR,1BA | $1.86 |
Carleton Terrace Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.84 |
Alongside Senior Apartments | 1 Bedroom | 1BR,1BA | $1.89 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Westlake
What type of rentals are currently available in Westlake?
There are currently 137 Apartments for Rent in Westlake, OR with pricing that ranges from $542 to $10,000. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Westlake ranging from $1,395 to $6,500.
What is the current price range for Rental Homes in Westlake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Westlake ranges from $1,395 to $6,500 with an average monthly rent of $3,472.
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.

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.

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.

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.

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.