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195 Apartments for rent in Lake Oswego, OR

Read Guide >
Last updated April 20 at 12:43am UTC
5213 ROSEWOOD STREET
Bryant
Lake Oswego, OR
Updated April 19 at 10:07am UTC
3 Bedrooms
$2,495
100 Kerr Parkway #42
Mt. Park
Lake Oswego, OR
Updated April 19 at 10:06am UTC
2 Bedrooms
$1,695
205 Cervantes
Mt. Park
Lake Oswego, OR
Updated April 19 at 10:06am UTC
2 Bedrooms
$1,695
12788 Sierra Vista Drive
Oak Creek
Lake Oswego, OR
Updated April 19 at 10:05am UTC
4 Bedrooms
$3,450
13448 Auburn Ct
Oak Creek
Lake Oswego, OR
Updated April 19 at 9:59am UTC
3 Bedrooms
$3,295
39 CRESTFIELD COURT
Oak Creek
Lake Oswego, OR
Updated April 18 at 11:01am UTC
1 Bedroom
$1,395
5225 Jean Road #313
Bryant
Lake Oswego, OR
Updated April 18 at 4:11am UTC
2 Bedrooms
$1,795
5052 FOOTHILLS DR #H
Foothills
Lake Oswego, OR
Updated April 18 at 4:07am UTC
3 Bedrooms
$1,595
17436 Kelok Rd
Blue Heron
Lake Oswego, OR
Updated April 18 at 4:05am UTC
4 Bedrooms
$4,995
16 Grouse Terrace
Mt. Park
Lake Oswego, OR
Updated April 18 at 2:14am UTC
3 Bedrooms
$2,995
5729 Victoria Ct
Westlake
Lake Oswego, OR
Updated April 17 at 5:38pm UTC
4 Bedrooms
$3,595
12862 SW Boones Ferry Road
Forest Highlands
Lake Oswego, OR
Updated April 15 at 11:07am UTC
2 Bedrooms
$1,595
51 Oriole Ln.
Mt. Park
Lake Oswego, OR
Updated April 18 at 10:58am UTC
3 Bedrooms
$2,295
1936 Palisades Lake Court
McVey - South Shore
Lake Oswego, OR
Updated April 18 at 10:53am UTC
3 Bedrooms
$4,695
214 Greenridge Dr
Mt. Park
Lake Oswego, OR
Updated April 18 at 4:04am UTC
3 Bedrooms
$2,570
205 Cervantes
Mt. Park
Lake Oswego, OR
Updated April 18 at 2:15am UTC
2 Bedrooms
$1,695
Sixth Street
Evergreen
Lake Oswego, OR
Updated April 19 at 7:27am UTC
3 Bedrooms
$2,950
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City Guide
Lake Oswego
Introducing Lake Oswego

Just south of Portland lies the highly sought-after city of Lake Oswego, which is considered part of the Greater Portland metropolitan area. This 10.3 square mile city surrounds the beautiful lake named - well, you could probably guess it - Lake Oswego. Though nature itself is a (typically) free commodity, housing developers certainly plop a hefty price tag on it, and Lake Oswego is no exception. The City of Lake Oswego is one of those places that you’ll find it near impossible to ever leave. The beautiful weather and scenery is perfectly complemented by the beautiful people who inhabit the land. If you’re trying to find an apartment in Lake Oswego, or just wanting to get to know the area, here is an insider’s look at the neighborhoods so you can take a sneaky peek before you even arrive.

Lake Grove: If you're into lakeside living, without the lakeside price tag, Lake Grove is a perfect option. While some parts of this neighborhood are currently undergoing construction for expansion and renovations (which will be well worth the wait!), there are plenty of other options available. This area encompasses a great combination of housing styles perfect for all ages and stages of life, from condos for rent to small apartments and single-family homes.

Mountain Park: Mountain Parks claim to fame is its status as one of the largest planned communities in the entire United States, with "largest" meaning that this area has a population of 10,000. Feel free to say "wow" out loud. While most of Mountain Park was built in the 1970s, you’ll still be able to find your fair share of more modern spots. Condos for rent, apartments for rent, homes for rent... oh my! If youre unsure of where to begin your housing search, this peak is a great starting point. With nearly eight miles of trails, feel free to take a stroll while youre there.

West Lake: If the quaint little house with a white picket fence is your thing, West Lake is your domain. After you have spent your time in the hype of a big city, West Lake offers a quiet place to rest your head and was built with the family in mind. This area is convenient to many corporate America jobs. West Lake really is the best of both worlds for everyone.

First Addition: First Addition makes up Lake Oswego’s historic part of town, with homes dating back to the late 1800s. However, there are a handful of newer homes popping up. Taking up over 25 blocks of Lake Oswego, First Addition attracts people in love with the charm of a cottage and the gumption to fix one up.

South and North Shore: Living on either shore of Lake Oswego will put you within a quick glance of the coveted water. You’ll also be nestled into one of the most highly-ratedneighborhoods in all of Oregon. Now that’s something to write home about! Finding a home for rent in this particular neighborhood may send you on a bit of a treasure hunt, but once you find it, you can rest assured youll be welcomed in with open arms.

Life in Lake Oswego

Lake Oswego is one of those cities that steals the heart of nearly anyone who visits for even the shortest amount of time. Its slow pace (in comparison to its Portland neighbor, just eight miles north), and all-around heart-warming neighborhood vibe make this city like living in a dream. A majority of residents are artists and designers by day, and down-to-earth people by night, who also enjoy the finer things in life. The area has a decent vacancy rate of 6.39 percent and is 28 percent renter occupied. You’ll need to keep a keen eye on this city if you’re looking to score a rental. But don’t be discouraged! Thousands have done it before you, so there is hope! What are you waiting for? Go take on Lake Oswego!

Rent Report
Lake Oswego

April 2018 Lake Oswego Rent Report

Welcome to the April 2018 Lake Oswego Rent Report. Lake Oswego rents remained steady over the past month. In this report, we'll evaluate trends in the Lake Oswego rental market, including comparisons to cities throughout the state and nation.

Lake Oswego rents held steady over the past month

Lake Oswego rents have remained flat over the past month, however, they are up marginally by 0.5% year-over-year. Currently, median rents in Lake Oswego stand at $1,640 for a one-bedroom apartment and $1,940 for a two-bedroom. Lake Oswego's year-over-year rent growth lags the state average of 0.6%, as well as the national average of 2.0%.

Rents rising across cities in Oregon

Throughout the past year, rent increases have been occurring not just in the city of Lake Oswego, but across the entire state. Of the largest 10 cities that we have data for in Oregon, 9 of them have seen prices rise. The state as a whole logged rent growth of 0.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Hillsboro is the most expensive of all Oregon's major cities, with a median two-bedroom rent of $2,020; of the 10 largest cities in the state that we have data for, Portland, where a two-bedroom goes for $1,340, is the only major city to see rents fall year-over-year (-0.6%).
  • Salem, Vancouver, and Eugene have all experienced year-over-year growth above the state average (5.0%, 4.9%, and 4.4%, respectively).

Many large cities nationwide show more affordable rents compared to Lake Oswego

As rents have increased in Lake Oswego, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Lake Oswego is less affordable for renters.

  • Lake Oswego's median two-bedroom rent of $1,940 is above the national average of $1,170. Nationwide, rents have grown by 2.0% over the past year compared to the 0.5% rise in Lake Oswego.
  • While Lake Oswego's rents rose over the past year, many cities nationwide also saw increases, including Las Vegas (+4.9%), Los Angeles (+3.1%), and Phoenix (+2.9%).
  • Renters will generally find more expensive prices in Lake Oswego than most large cities. For example, Phoenix has a median 2BR rent of $1,030, where Lake Oswego is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Portland $1,130 $1,340 0.4% -0.6%
Vancouver $1,380 $1,620 0.2% 4.9%
Gresham $1,400 $1,650 0.1% 2.3%
Hillsboro $1,710 $2,020 0.5% 0.6%
Beaverton $1,470 $1,740 0.3% 3.3%
Lake Oswego $1,640 $1,940 0.2% 0.5%
Tualatin $1,580 $1,860 1.7% 3.7%
Wilsonville $1,410 $1,670 0.5% 1.4%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.