Average Rent in Lake Oswego, OR

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Current Versus Historical Lake Oswego, OR Rents

Lake Oswego rentals average $1,900 for a 3-bedroom. The median price of all currently available listings is $1,900, or roughly $22 per square feet.

For the apartment units and housing in May 2026, median rents have fallen over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,749 to $1,749. 1-bedroom rentals prices have decreased by $142 (-9.50%) year-over-year from $1,492 to $1,350. 2-bedroom rentals prices have increased by $31 (1.46%) year-over-year from $2,119 to $2,150. 3-bedroom rentals prices have decreased by $846 (-30.80%) year-over-year from $2,746 to $1,900. 4-bedroom rentals prices have increased by $222 (5.95%) year-over-year from $3,728 to $3,950. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 1.78% this month. 3-bedroom rents have gone down by 22.84% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
3 BR	$22.27	$1,900	$2,746 (-30.80%)	$3,100 (-38.71%)

Historical Rents in Lake Oswego, OR

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lake Oswego

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Lake Oswego

There are a total of 1 neighborhoods in or near Lake Oswego. One neighborhood in the area is Kerns. We've included all of these top 1 neighborhoods in or near Lake Oswego, OR in the following table.

The average rent for these 1 neighborhoods in or near Lake Oswego, OR is currently around $2,152 per month. Interestingly, the neighborhoods' average rent is higher than Lake Oswego's average rent, which is only $1,900. Out of all the neighborhoods in or near Lake Oswego, Kerns has the most affordable average rent at $2,152 per month. Whereas, at $2,152 average rent per month, Kerns is the most expensive neighborhood in or near Lake Oswego. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Kerns, Portland, OR	$1,794	$2,193	$3,477	$2,152

Top Counties Near Lake Oswego

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Lake Oswego

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Lake Oswego Average Rents

What is the average rent price in Lake Oswego, OR?

The average monthly rental price for Lake Oswego, OR apartments for rent is approximately $1,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lake Oswego, OR rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lake Oswego, OR.

How have rent prices in Lake Oswego, OR changed this year?

Rent prices for rentals in Lake Oswego, OR can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.09%, two bedroom rental prices have changed by 0.01%, three bedroom rental prices have changed by -0.31% year-over-year.

What is a reasonable rent price in Lake Oswego, OR?

A reasonable rent price in Lake Oswego, OR is around $1,520/month. You can search for these reasonably priced rental listings on RentHop.