Most Affordable Neighborhoods in Lake Oswego, OR
Some of the cheapest neighborhoods in Lake Oswego are Mt Park, 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 March 16, 2025, the average rent in Lake Oswego is $1,862, which is 2.3% 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
$1,714/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
28/100
Units Available
34 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 $1,714, while the city’s average stands at $1,862. In the last year, prices have increased by 2.3%. Mt Park is near Portland C.C., Sylvania Campus, Portland International, and West Portland Park Natural Area.
Foothills
Average Rent
$1,902/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
32/100
Units Available
5 Rentals
Foothills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Foothills is $1,902 while the city average is $1,862. This is a 2.1% difference from last year. Residents enjoy convenient access to Elk Rock Island, Milwaukie/Main St Max Station, and Se Bybee Blvd Max Station. The neighborhood is considered walkable with a WalkScore® of 74.
Oldtown
Average Rent
$1,902/Month
TransitScore® Rating
32/100
Units Available
5 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Oldtown. The average rent is $1,902, compared to the city average of $1,862. Oldtown is convenient to Elk Rock Island, Lake Place Shopping Center, and Reed College. The community is walkable with a WalkScore® of 83.
Westlake
Average Rent
$2,088/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
22/100
Units Available
18 Rentals
Westlake is an affordable neighborhood in Lake Oswego with an average rent price of $2,088. Compare this to the city average of $1,862. In the past year, rent prices have increased by 3.2%. Westlake provides easy access to Kruse Village, Woods Memorial Natural Area, and Milwaukie/Main St Max Station. It’s a somewhat walkable neighborhood with a WalkScore® of 57.
Lake Forest
Average Rent
$2,177/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
21/100
Units Available
43 Rentals
If you’re looking for a great, affordable neighborhood in Lake Oswego, Lake Forest might be the perfect place! It has an average rent price of $2,177, while the city’s average stands at $1,862. In the last year, prices have increased by 2.4%. Lake Forest is near Milwaukie/Main St Max Station, Lake Grove Plaza, and Lake Grove Shopping Center.
Walluga
Average Rent
$2,373/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
21/100
Units Available
16 Rentals
Walluga is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walluga is $2,373 while the city average is $1,862. This is a 1.7% difference from last year. Residents enjoy convenient access to West Portland Park Natural Area, Se Bybee Blvd Max Station, and Se Tacoma/Johnson Creek Max Station. The neighborhood is considered walkable with a WalkScore® of 76.
Evergreen
Average Rent
$2,819/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
32/100
Units Available
15 Rentals
When you’re looking for a great Lake Oswego neighborhood on a budget, check out Evergreen. The average rent is $2,819, compared to the city average of $1,862. Rent prices have increased by 4.8%. Evergreen is convenient to Se Tacoma/Johnson Creek Max Station, Luscher Farm, and Lake View Village. 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.