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259 Apartments for rent in Lake Oswego, OR

Read Guide >
Last updated December 18 at 11:39pm UTC
Kruseway Commons
4933 Parkview Drive
Lake Oswego, OR
Updated December 18 at 10:16pm UTC
1 Bedroom
2 Bedrooms
3 Bedrooms
1681 Woodland Terrace
Lake Oswego, OR
Updated December 18 at 11:39pm UTC
3 Bedrooms
4000 Carman Drive # 47
Lake Oswego, OR
Updated December 18 at 11:18am UTC
2 Bedrooms
572 2nd Street
First Addition
Lake Oswego, OR
Updated December 18 at 11:18am UTC
2 Bedrooms
100 Kerr Pkwy Apt 57
Mt. Park
Lake Oswego, OR
Updated December 18 at 8:31am UTC
2 Bedrooms
9 Mountain Circle
Mt. Park
Lake Oswego, OR
Updated December 18 at 11:39pm UTC
3 Bedrooms
50 Northshore # 19
Lake Oswego, OR
Updated December 18 at 11:08pm UTC
6096 Harrington Ave
Lake Forest
Lake Oswego, OR
Updated December 14 at 10:20am UTC
3 Bedrooms
15860 Boones Way
Lake Grove
Lake Oswego, OR
Updated December 14 at 10:16am UTC
3 Bedrooms
Mt. Park
Lake Oswego, OR
Updated December 14 at 10:16am UTC
1 Bedroom
2471 Marylview Ct
Lake Oswego, OR
Updated December 14 at 10:13am UTC
4 Bedrooms
303 C Ave
First Addition
Lake Oswego, OR
Updated December 14 at 10:12am UTC
2 Bedrooms
44 Eaglecrest Drive #22
Mt. Park
Lake Oswego, OR
Updated December 13 at 11:29am UTC
3 Bedrooms
13680 Johnson Terrace
Forest Highlands
Lake Oswego, OR
Updated December 18 at 11:11am UTC
3 Bedrooms
13407 Hillside Drive
Lake Oswego, OR
Updated December 18 at 9:37am UTC
1 Bedroom
490 Boca Ratan
Forest Highlands
Lake Oswego, OR
Updated December 18 at 9:37am UTC
3 Bedrooms
18385 Northwest Lovejoy Stre
Lake Oswego, OR
Updated December 18 at 9:37am UTC
1 Bedroom
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!

December 2018 Lake Oswego Rent Report

Welcome to the December 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.

View full Lake Oswego Rent Report
Rent Report
Lake Oswego

December 2018 Lake Oswego Rent Report

Welcome to the December 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 increased over the past month

Lake Oswego rents have increased 0.1% over the past month, and have increased marginally by 0.9% in comparison to the same time last year. Currently, median rents in Lake Oswego stand at $1,680 for a one-bedroom apartment and $1,980 for a two-bedroom. Lake Oswego's year-over-year rent growth leads the state average of -0.2%, but trails the national average of 1.3%.

Rents rising across cities in the Portland Metro

Throughout the past year, rent increases have been occurring not just in the city of Lake Oswego, but across the entire metro. Of the largest 10 cities that we have data for in the Lake Oswego metro, 9 of them have seen prices rise. Oregon as a whole logged rent growth of -0.2% over the past year. Here's a look at how rents compare across some of the largest cities in the metro.

  • Looking throughout the metro, Hillsboro is the most expensive of all Lake Oswego metro's major cities, with a median two-bedroom rent of $2,010; of the 10 largest cities in the metro that we have data for, Portland, where a two-bedroom goes for $1,320, is the only major city to see rents fall year-over-year (-0.6%).
  • Beaverton, Gresham, and Vancouver have all experienced year-over-year growth above the state average (1.6%, 1.6%, and 1.6%, respectively).

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

As rents have increased marginally 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 $1,980 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 0.9% increase in Lake Oswego.
  • While Lake Oswego's rents rose marginally over the past year, many cities nationwide also saw increases, including Las Vegas (+4.4%), Phoenix (+3.2%), and Austin (+3.1%).
  • Renters will generally find more expensive prices in Lake Oswego than most large cities. For example, Phoenix has a median 2BR rent of $1,060, 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 $1,120 $1,320 -0.6% -0.6%
Vancouver $1,400 $1,650 0.0% 1.6%
Gresham $1,400 $1,660 -0.2% 1.6%
Hillsboro $1,700 $2,010 -0.8% 0.5%
Beaverton $1,500 $1,770 0.1% 1.6%
Lake Oswego $1,680 $1,980 0.1% 0.9%
Tualatin $1,590 $1,870 -1.7% 5.1%
Wilsonville $1,520 $1,790 1.0% 6.0%
Gladstone $1,530 $1,810 0.2% 1.8%

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.


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.