The Steward
7007 SW Hampton St,
Tigard, OR 97223
$1,599 - $2,699
Studio - 2 Beds
Rental Market Trends in Lake Oswego, OR
What is the average rent in Lake Oswego, OR?
$1,918/month
Average Rent
756 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of May 2026, the average rent in Lake Oswego, OR is $1,918 per month. This is 17% higher than the national average rent price of $1,641/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 $1,384 per month for a studio, $1,918 for a one-bedroom apartment, and around $2,279 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,864 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 0.5%, which averages out to $11 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 May 2026
Legend
2025
2026
Rent Ranges in Lake Oswego, OR
Last Updated May 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
19%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
31%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lake Oswego?
Based on current rent prices, Mt Park, Westlake and Lake Forest 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, Lake Forest and Westlake 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 $1,918, you’ll want to make about $6,393 per month or $76,716 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
$1,363/month
$1,909/month
One Bedroom
$1,713/month
$2,272/month
Two Bedroom
$2,133/month
$3,124/month
Three Bedroom
$2,573/month
$6,675/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.