Most Affordable Neighborhoods in Lake Oswego, OR
Some of the cheapest neighborhoods in Lake Oswego are Arnold Creek, Foothills, and Oldtown. These neighborhoods offer some of the lowest rent prices in Lake Oswego, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Lake Oswego is $1,876, which is 5% 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.
Arnold Creek
Average Rent
$1,450/Month
TransitScore® Rating
23/100
Units Available
1 Rentals
Arnold Creek is an affordable neighborhood in Lake Oswego with an average rent price of $1,450. Compare this to the city average of $1,876. Arnold Creek provides easy access to West Portland Park Natural Area, Portland C.C., Sylvania Campus, and Marshall Park (Portland). It’s a car-dependent neighborhood with a WalkScore® of 27.
Foothills
Average Rent
$1,898/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
32/100
Units Available
6 Rentals
If you’re looking for a great, affordable neighborhood in Lake Oswego, Foothills might be the perfect place! It has an average rent price of $1,898, while the city’s average stands at $1,876. In the last year, prices have increased by 2.5%. Foothills is near Portland International, Clackamas Town Center Transit Center, and Luscher Farm.
Oldtown
Average Rent
$1,898/Month
TransitScore® Rating
32/100
Units Available
6 Rentals
Oldtown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oldtown is $1,898 while the city average is $1,876. Residents enjoy convenient access to Lake View Village, Mary S. Young State Recreation Area, and Portland International. The neighborhood is considered walkable with a WalkScore® of 83.
Mt Park
Average Rent
$1,921/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
28/100
Units Available
35 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Mt Park. The average rent is $1,921, compared to the city average of $1,876. Rent prices have decreased by 1.8%. Mt Park is convenient to Se Park Ave Max Station, Lake Grove Center, and Maricara Natural Area. The community is car-dependent with a WalkScore® of 45.
Westlake
Average Rent
$2,090/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
22/100
Units Available
12 Rentals
Westlake is an affordable neighborhood in Lake Oswego with an average rent price of $2,090. Compare this to the city average of $1,876. In the past year, rent prices have increased by 3.5%. Westlake provides easy access to Portland C.C., Sylvania Campus, Lewis & Clark College, and Centerpointe Shops. It’s a somewhat walkable neighborhood with a WalkScore® of 57.
Walluga
Average Rent
$2,251/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
21/100
Units Available
17 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 $2,251, while the city’s average stands at $1,876. In the last year, prices have increased by 1.5%. Walluga is near Milwaukie/Main St Max Station, Luscher Farm, and Lewis & Clark College.
Lake Forest
Average Rent
$2,263/Month
Year-Over-Year Rent Change
8.7%
TransitScore® Rating
21/100
Units Available
34 Rentals
Lake Forest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Forest is $2,263 while the city average is $1,876. This is a 8.7% difference from last year. Residents enjoy convenient access to Maricara Natural Area, Beaverton Transit Center (Blue, Red Lines), and Portland International. The neighborhood is considered somewhat walkable with a WalkScore® of 62.
Evergreen
Average Rent
$2,708/Month
Year-Over-Year Rent Change
11.2%
TransitScore® Rating
32/100
Units Available
16 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Evergreen. The average rent is $2,708, compared to the city average of $1,876. Rent prices have increased by 11.2%. Evergreen is convenient to Se Bybee Blvd Max Station, Se Tacoma/Johnson Creek Max Station, and Se Park Ave Max Station. The community is walkable with a WalkScore® of 92.
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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.