Willow
5600 Meadows Rd,
Lake Oswego, OR 97035
1-3 Beds | $1,882 - $4,705
Rental Market Trends in Lake Oswego, OR
What is the average rent in Lake Oswego, OR?
$1,876/month
Average Rent
754 Sq Ft
Average Apartment Size
+5%
Increase in the Last Year
As of December 2024, the average rent in Lake Oswego, OR is $1,876 per month. This is 20% higher than the national average rent price of $1,560/month, making Lake Oswego one of the most expensive cities in the US. When you rent an apartment in Lake Oswego, you can expect to pay about $1,422 per month for a studio, $1,876 for a one-bedroom apartment, and around $2,219 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,956 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lake Oswego, OR?
In the past year, rent has increased by 5%, which averages out to $94 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Lake Oswego, OR
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
23%
$1,001 - $1,500/month
43%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lake Oswego?
Based on current rent prices, Arnold Creek, Mt Park and Foothills are the most affordable neighborhoods in Lake Oswego.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lake Oswego?
Based on current rent prices, Evergreen, Walluga and Lake Forest are the most expensive neighborhoods in Lake Oswego.
Neighborhood
Average Rent
Average Sq Ft
Which Lake Oswego neighborhoods have the most rentals available?
The neighborhoods in Lake Oswego with the most apartments available are Lake Forest, Mt Park and Evergreen .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lake Oswego, OR?
Because the average rent in Lake Oswego is $1,876, you’ll want to make about $6,253 per month or $75,036 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lake Oswego, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Oswego, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$2,030/month
One Bedroom
-
$2,192/month
Two Bedroom
-
$2,561/month
Three Bedroom
-
$6,095/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.