5

Studio Apartments for Rent in Lake Oswego, OR

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    Starting at $1,900

    Total Monthly Price

    • Studio - 3 Beds

    3975-4055 Mercantile Dr, Lake Oswego, OR 97035

    Mercato Grove is Lake Oswego’s premier wellness-focused apartment community, where resort-style living meets everyday convenience. Surrounded by top-tier dining, boutique fitness, and essential retail, residents enjoy a lifestyle designed for balance, connection, and ease. From spa-inspired amenities and vibrant community programming to beautifully designed homes and walkable tree-lined streets,

    Mercato Grove

    3975-4055 Mercantile Dr, Lake Oswego, OR 97035
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    Starting at $2,230

    Total Monthly Price

    • Studio - 3 Beds

    130 A Ave, Lake Oswego, OR 97034

    Lake Oswego living is yours for the taking at The Windward Apartments, a vibrant community set in a sophisticated waterfront city. Designed with a ?live where you play? outlook, the property blends modern apartment living with a village-style atmosphere and convenient on-site retail. Residents enjoy thoughtfully designed homes alongside dynamic shared spaces that encourage connection and

    The Windward Apartments

    130 A Ave, Lake Oswego, OR 97034
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    Starting at $1,468

    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

    215 Greenridge Dr, Lake Oswego, OR 97035
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    $1,495

    Total Monthly Price

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

    1245 Englewood Dr Unit Barn Studio, Lake Oswego, OR 97034

    Charming Private Studio in Pastoral SettingThis studio is in a private, detached building in a quiet setting with a beautiful view. It is on two acres in Lake Oswego. It is just under 500 sq. feet and is off of Boones Ferry Road and SW 19th Ave. It is 2.4 miles to Lewis and Clark College, 6 miles to OHSU, and a short walk to Tryon Creek State Park and Oswego Town Square, which includes

    1245 Englewood Dr Unit Barn Studio, Lake Oswego, OR 97034
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    $1,395

    Total Monthly Price

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

    50 Northshore Rd Unit 9, Lake Oswego, OR 97034

    You will love our location, right in the heart of downtown Lake Oswego. Enjoy the convenience of being able to walk to restaurants, parks, a movie theater, and amazing farmer's market. We are also on a direct bus line to downtown Portland (buses 35 and 36).We are within three miles of Lewis and Clark College Unit features High speed internet Refrigerator Oven / range Heat - electric -Pet

    50 Northshore Rd Unit 9, Lake Oswego, OR 97034

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 $3,450 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes 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 $138,000 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 $3,450 per month in Lake Oswego, OR, renters typically need to show $10,350 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 23.0, 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 and South Waterfront, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$3,450
Median Single Family Home Rent
$4,098
Median Townhouse Rent
$2,548
Median Condo Rent
$1,950
How to Rent a Home