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Studio Apartments for Rent in Lake Oswego, OR

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    Starting at $1,225

    Total Monthly Price

    • Studio - 3 Beds

    215 Greenridge Dr, Lake Oswego, OR 97035

    Join us at Parkridge Apartments in Lake Oswego, OR. Hidden in the prestigious Mountain Park neighborhood, our community is the best fit for anyone looking for a studio, one, two, or three-bedroom apartment for rent. Our newly remodeled apartment homes include stainless steel appliances, cozy wood-burning fireplaces and dining rooms filled with warm, natural light. The extensive outdoor patio and

    Parkridge Apartments

    (971) 251-4596

    215 Greenridge Dr, Lake Oswego, OR 97035
  • /15

    $1,300

    Total Monthly Price

    • Studio
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    15315 Twin Fir Rd Unit LO Garden Apartment, Lake Oswego, OR 97035

    Clean, quiet environment in wooded neighborhood close to L& C & OHSU campusesMONTH to MONTH LEASENO PetsNO Smoking or VapingAVAILABLE AUGUST 15, 2026

    15315 Twin Fir Rd Unit LO Garden Apartment, Lake Oswego, OR 97035

Why Live in Lake Oswego

Lake Oswego, OR, is an upscale city centered around an expansive lake, known for its luxurious lakefront properties and high median household income. The city boasts grand homes, chic shopping districts, and one of the best school systems in the state, with the Lake Oswego School District ranked No. 1 in Oregon. The district serves around 6,800 students across 11 schools and has the highest graduation rate in the state. Major employers include Micro Systems Engineering, Greenbrier, and several software companies, with many businesses concentrated in the Kruse Woods Corporate Park. Lake Oswego’s dining scene features standout establishments like Kyra’s Bake Shop and Bamboo Sushi, while the Lake Grove Village Center offers convenient shopping anchored by Zupan’s Market. Attractions include the Lake Oswego Festival of the Arts, held annually at George Rogers Park, and the Gallery Without Walls sculpture collection. Millennium Plaza Park hosts a farmers market every Saturday from mid-May through October. The city is surrounded by highways, making it easy to reach downtown Portland, about 9 miles away, and other nearby areas. Despite its rainy climate, Lake Oswego provides a close-knit community feel with cul-de-sacs full of children who all know each other.

Frequently Asked Questions

How much does it cost to rent a home in Lake Oswego, OR?
The median rent for a home in Lake Oswego, OR is $2,572 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Lake Oswego, OR?
To comfortably afford the median rent in Lake Oswego, OR, a household needs to earn roughly $102,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,572 per month in Lake Oswego, OR, renters typically need to show $7,716 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lake Oswego, OR?
In Lake Oswego, OR, the price-to-rent ratio is 30.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lake Oswego, OR are best for renting a home?
The best neighborhood for renting in Lake Oswego, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Sellwood, South Portland and South Waterfront, each with its own character and price range.

Rental Trends in Lake Oswego, OR

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,572
Median Single Family Home Rent
$3,098
Median Townhouse Rent
$6,500
Median Condo Rent
$1,549
How to Rent a Home