Average Rent in Lake Oswego, OR

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Current Versus Historical Lake Oswego, OR Rents

Lake Oswego rentals average $1,575 for a 1-bedroom rental to $4,670 for a 4-bedroom rental. The median price of all currently available listings is $2,095, or roughly $2 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $610 (-25.86%) year-over-year from $2,359 to $1,749. 1-bedroom rentals prices have increased by $71 (4.74%) year-over-year from $1,488 to $1,559. 2-bedroom rentals prices have increased by $144 (7.57%) year-over-year from $1,900 to $2,044. 3-bedroom rentals prices have increased by $163 (5.30%) year-over-year from $3,082 to $3,245. 4-bedroom rentals prices have decreased by $991 (-22.06%) year-over-year from $4,491 to $3,500. 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 up by 5.91% this month. 2-bedroom rents have gone up by 4.21% this month. 3-bedroom rents have gone down by 4.70% this month. 4-bedroom rents have gone down by 16.59% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.47 $1,559 $1,488 (4.74%) $1,448 (7.61%)
2 BR $2.10 $2,044 $1,900 (7.57%) $1,660 (23.14%)
3 BR $1.77 $3,245 $3,082 (5.30%) $2,847 (13.99%)
4+ BR $1.44 $3,500 $4,491 (-22.06%) $4,419 (-20.80%)

Historical Rents in Lake Oswego, OR

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Lake Oswego

There are a total of 1 cities nearby Lake Oswego. The average rent in Lake Oswego is currently $1,625 per month. Only one city nearby has an average rent lower than that. Our records show that Beaverton, OR, with an average rent of $1,625, is the most affordable city nearby. In contrast, the most expensive city near Lake Oswego, OR is Beaverton, OR. Monthly rents here are on average $1,625 per month.

Let's compare Lake Oswego, OR's rent against other top cities nearby by bedroom size. Typically, rent for studios in Lake Oswego, OR is inf% more affordable than other cities nearby. One bedrooms are about 11.27% more expensive. Two bedrooms in Lake Oswego, OR are about 16.87% more expensive. Finally, rent for three bedrooms are about 26.12% more expensive. Want more information? Check out the top 1 cities near Lake Oswego, OR in the following chart.
City Studio 1 Bed 2 Bed All
Beaverton, OR $1,200 $1,398 $1,723 $1,625

Top Neighborhoods Near Lake Oswego



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Lake Oswego



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Lake Oswego

There is one zipcode in or near Lake Oswego, OR. The average rent for this zipcode is $1,495.

The following chart includes the zipcode in or near Lake Oswego, OR. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
97202, Portland, OR $1,195 $1,395 $1,680 $1,495

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 $2,095. 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 much is a studio apartment in Lake Oswego, OR?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Lake Oswego.
How much is a one bedroom apartment in Lake Oswego, OR?
The average monthly rental price for one bedroom apartments is $1,575 and an average price per square feet of $2.47. There are a total of 11 one bedroom apartment listings currently available for rent in Lake Oswego.
How much is a two bedroom apartment in Lake Oswego, OR?
The average monthly rental price for two bedroom apartments is $2,072 and an average price per square feet of $2.10. There are a total of 17 two bedroom apartment listings currently available for rent in Lake Oswego.
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 -0.26%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by 0.05% year-over-year.
What is a reasonable rent price in Lake Oswego, OR?
A reasonable rent price in Lake Oswego, OR is around $1,676/month. You can search for these reasonably priced rental listings on RentHop.
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