Cheap Homes for Rent in Westlake Neighborhood of Lake Oswego, OR from $1,300 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

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.

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.

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

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 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 ListingModel NameBed/BathPriced From
Alongside Senior Apartments1 Bedroom1BR,1BA$1,096
Asher Park ApartmentsOne-Bedroom1BR,1BA$1,200
Village at Washington Square1BDRM/1BATH1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Main Street VillageMount St. Helens3BR,2BA$1.88
Capital Park2 bed 2 bath2BR,2BA$1.85
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1.57
Gatehouse Apartments2x22BR,2BA$1.72
Tigard York2x1L2BR,1BA$1.66
Milo at Mountain ParkAsh Loft1BR,1BA$1.90
Fairfield Park ApartmentsUpstairs2BR,1BA$1.88
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.86
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.84
Alongside Senior Apartments1 Bedroom1BR,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.

decorative image of people with a giant lease agreement

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.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.