Cheapest Neighborhoods in Lake Oswego, OR
Some of the cheapest neighborhoods in Lake Oswego are Mt Park, Lake Forest, and Westlake. These neighborhoods offer some of the lowest rent prices in Lake Oswego, making them ideal for renters on a budget. As of July 28, 2026, the average rent in Lake Oswego is $1,905, which is 0.8% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Mt Park
Average Rent
$1,645/Month
Year-Over-Year Rent Change
0.6%
Units Available
27 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Mt Park. The average rent is $1,645, compared to the city average of $1,905. Rent prices have increased by 0.6%. Mt Park is convenient to Sw Lowell & Bond, Lewis & Clark College, and Mercantile Village II.
Lake Forest
Average Rent
$1,770/Month
Year-Over-Year Rent Change
4.3%
Units Available
35 Rentals
Lake Forest is an affordable neighborhood in Lake Oswego with an average rent price of $1,770. Compare this to the city average of $1,905. In the past year, rent prices have increased by 4.3%. Lake Forest provides easy access to Lake Grove Shopping Center, Maricara Natural Area, and Milwaukie/Main St Max Station.
Westlake
Average Rent
$1,795/Month
Year-Over-Year Rent Change
0.2%
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Lake Oswego, Westlake might be the perfect place! It has an average rent price of $1,795, while the city’s average stands at $1,905. In the last year, prices have increased by 0.2%. Westlake is near Portland C.C., Sylvania Campus, Lesser Park, and Foley-Balmer Natural Area.
Kruseway Commons
Average Rent
$1,795/Month
Units Available
17 Rentals
Kruseway Commons is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kruseway Commons is $1,795 while the city average is $1,905.
Walluga
Average Rent
$2,197/Month
Year-Over-Year Rent Change
0.3%
Units Available
18 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Walluga. The average rent is $2,197, compared to the city average of $1,905. Rent prices have increased by 0.3%. Walluga is convenient to Tryon Creek State Natural Area, West Portland Park Natural Area, and Lewis & Clark College.
Evergreen
Average Rent
$2,508/Month
Year-Over-Year Rent Change
1.5%
Units Available
23 Rentals
Evergreen is an affordable neighborhood in Lake Oswego with an average rent price of $2,508. Compare this to the city average of $1,905. In the past year, rent prices have decreased by 1.5%. Evergreen provides easy access to 267 A Ave, Milwaukie/Main St Max Station, and Se 17Th Ave & Holgate Blvd Max Station.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.