Most Affordable Neighborhoods in Lake Oswego, OR
Some of the cheapest neighborhoods in Lake Oswego are Mt Park, Westlake, and Kruseway Commons. These neighborhoods offer some of the lowest rent prices in Lake Oswego, making them ideal for renters on a budget. As of September 13, 2025, the average rent in Lake Oswego is $1,903, which is 3.9% 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
$1,674/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
28/100
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Lake Oswego, Mt Park might be the perfect place! It has an average rent price of $1,674, while the city’s average stands at $1,903. In the last year, prices have increased by 1.2%. Mt Park is near Se Bybee Blvd Max Station, Lake Grove Center, and West Portland Park Natural Area.
Westlake
Average Rent
$1,952/Month
Year-Over-Year Rent Change
7%
TransitScore® Rating
22/100
Units Available
15 Rentals
Westlake is a top choice for budget-conscious renters for a variety of reasons. The average rent in Westlake is $1,952 while the city average is $1,903. This is a 7% difference from last year. Residents enjoy convenient access to Portland International, Woods Memorial Natural Area, and Lewis & Clark College. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
Kruseway Commons
Average Rent
$1,954/Month
TransitScore® Rating
22/100
Units Available
16 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Kruseway Commons. The average rent is $1,954, compared to the city average of $1,903. Kruseway Commons is convenient to Oregon Health & Science Univ., Kruse Village, and Portland International. The community is walkable with a WalkScore® of 77.
Meadows
Average Rent
$1,971/Month
Units Available
14 Rentals
Meadows is an affordable neighborhood in Lake Oswego with an average rent price of $1,971. Compare this to the city average of $1,903. Meadows provides easy access to Maricara Natural Area, Portland C.C., Sylvania Campus, and Se Bybee Blvd Max Station.
Walluga
Average Rent
$2,070/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
21/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Lake Oswego, Walluga might be the perfect place! It has an average rent price of $2,070, while the city’s average stands at $1,903. In the last year, prices have decreased by 1.6%. Walluga is near Luscher Farm, Mercantile Village II, and Lesser Park.
Lake Forest
Average Rent
$2,186/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
21/100
Units Available
40 Rentals
Lake Forest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Forest is $2,186 while the city average is $1,903. This is a 0.9% difference from last year. Residents enjoy convenient access to Luscher Farm, Lesser Park, and Milwaukie/Main St Max Station. The neighborhood is considered somewhat walkable with a WalkScore® of 62.
Evergreen
Average Rent
$2,813/Month
Year-Over-Year Rent Change
10.2%
TransitScore® Rating
32/100
Units Available
12 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Evergreen. The average rent is $2,813, compared to the city average of $1,903. Rent prices have increased by 10.2%. Evergreen is convenient to Country Square Shopping Center, Portland International, and Reed College. The community is walkable with a WalkScore® of 92.
Ready to make your move to Lake Oswego? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.