Rentometer, Inc. | Data as of 10/22/2025
Lake Oswego offers a diverse rental market that blends upscale waterfront living with convenient access to Portland’s vibrant core. Prospective renters enjoy a mix of modern apartments and charming single‑family homes, ranging from cozy studios near the downtown boutique district to spacious four‑plus bedroom houses bordering the scenic Oswego Lake shore. Popular neighborhoods such as Westlake, Lakeridge and Old Town provide easy strolls to riverfront parks, premier schools, and a variety of dining and shopping options, making the city a top choice for professionals, families, and students alike.
Studios and one‑bedroom units typically rent in the $1500‑$1900 range, while two‑ and three‑bedroom apartments and houses commonly fall between $2300 and $3500, reflecting the city’s high‑quality amenities and strong demand. Larger family‑sized homes, especially those with four or more bedrooms, approach the $5000 level, offering ample space for growing households and luxury finishes. The market balances affordability with the premium features of well‑maintained properties, ensuring renters can find options that fit both lifestyle and budget.
Beyond the numbers, Lake Oswego’s appeal lies in its blend of natural beauty and urban convenience. Residents enjoy biking and walking trails along the Willamette River, the expansive Oswego Lake for recreation, and cultural attractions like the historic Lake Oswego Public Library and the vibrant Saturday farmers market. With excellent schools, a low crime rate, and quick commuter routes to downtown Portland, the city’s rental market continues to attract a dynamic and engaged community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,578 | $1,430 | $1,165 - $2,305 | $1,295 - $1,963 |
| Apartment | 1 Bedroom | $1,934 | $1,846 | $1,249 - $3,348 | $1,681 - $2,080 |
| Apartment | 2 Bedroom | $2,590 | $2,295 | $1,593 - $5,190 | $1,995 - $2,893 |
| Apartment | 3 Bedroom | $3,379 | $2,934 | $1,841 - $5,689 | $2,576 - $4,600 |
| House | 1 Bedroom | $1,588 | $1,695 | $1,100 - $1,799 | $1,650 - $1,699 |
| House | 2 Bedroom | $2,606 | $2,322 | $1,599 - $5,650 | $2,095 - $2,999 |
| House | 3 Bedroom | $3,860 | $3,472 | $2,295 - $9,999 | $3,000 - $4,000 |
| House | 4+ Bedroom | $5,064 | $4,722 | $2,900 - $11,800 | $3,900 - $5,899 |
In the current period, the average rent in Lake Oswego was $1,578 for Studio, $1,909 for 1 Bedroom, $2,594 for 2 Bedroom, $3,722 for 3 Bedroom, and $5,109 for 4+ Bedroom.
Data provided by Rentometer, Inc.