Willow Apartments
5600 Meadows Rd,
Lake Oswego, OR 97035
1-3 Beds | $1,799 - $4,830
Rental Market Trends in Lake Oswego, OR
Updated July 2026
The average rent in Lake Oswego, OR is $1,892/month.
Rent in Lake Oswego is roughly equal to the national average rent of of $1,662/month.
$1,892/month
Average Rent
754 Sq Ft
Average Size
-0.5%
Change / Year
690
Available Apartments
Lake Oswego rent varies by unit size and layout:
- Studio apartments in Lake Oswego average $1,463 per month.
- One-bedroom apartments in Lake Oswego average $1,892 per month.
- Two-bedroom apartments in Lake Oswego average $2,239 per month.
- Three-bedroom apartments in Lake Oswego average $3,007 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lake Oswego, OR?
In the past year, rent has decreased by 0.5%, which averages out to $9 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Lake Oswego, OR
July 2026
$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
45%
$1,501 - $2,000/month
32%
Above $2,000/month
Rent by Neighborhood
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, 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, Evergreen and Mt Park .
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 $1,892, you’ll want to make about $6,306 per month or $75,672 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.
View the Lake Oswego Area GuideStudio
$1,454/month
$2,091/month
One Bedroom
$1,736/month
$2,303/month
Two Bedroom
$2,157/month
$2,775/month
Three Bedroom
$2,585/month
$6,291/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Lake Oswego We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lake Oswego?
The average rent in Lake Oswego is $1,892 per month, which is 13.8% higher than the national average of $1,662.
What is the average rent for a house in Lake Oswego?
The average rent for a house in Lake Oswego, OR is $3,575 per month.
Are rents going up or down in Lake Oswego?
Rents in Lake Oswego, OR are decreasing, with prices down 0.5% year-over-year and $9 less per month.
What rent range is most common in Lake Oswego?
In Lake Oswego, OR, 45% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 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.