Apartments for Rent in Lake Oswego, OR

Prices and availability in Lake Oswego, OR were last updated on 26 Oct 2026.

The best apartments in Lake Oswego, OR are: The Bluffs at Mountain Park, Parkridge Apartments, Kruseway Commons, Haven Lake Oswego and Willow Apartments.

The average rent in Lake Oswego, OR is $2,133.

The price range for a studio apartment in Lake Oswego, OR is between $1,184 and $1,674.

The price range for a 1-bedroom apartment in Lake Oswego, OR is between $1,444 and $3,535.

The price range for a 2-bedroom apartment in Lake Oswego, OR is between $1,732 and $4,113.

The price range for a 3-bedroom apartment in Lake Oswego, OR is between $2,001 and $5,251.

In Lake Oswego, 31% of the residents are renting compared to 69% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 21% of Lake Oswego's rentals, 61% are small-scale complexes with under 50 units, and 18% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Oswego are about 33 years old, on average. Of these, 20% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Lake Oswego come in a range of sizes and floorplans. Studio apartments represent 1.0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 37% of the total apartments in the city, while 2-bedroom floorplans represent around 57% of all rentals in Lake Oswego. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.