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Homes & Apartments for Rent in Lake Oswego, OR 97034

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What to Know About

Life in Lake Oswego & Beyond

Lake Oswego shares many of the great qualities that make Oregon a desirable place to live.

Oregon is where stunning landscapes meet majestic mountains. Immerse yourself in the state's rich history and heritage by visiting the Oregon Museum of Science and Industry, the Portland Art Museum, and the Oregon Historical Society. Or further your education at top-ranked universities like the University of Oregon and Oregon State University. Oregon's diverse and growing economy, driven by technology, agriculture, and tourism, offers ample employment opportunities.

The state offers a rich landscape for outdoor enthusiasts, from skiing in the Cascade Mountains and hiking the Columbia River Gorge to exploring the rugged Oregon Coast. Sports fans can also cheer for the Portland Trail Blazers (NBA) or take in a game at Autzen Stadium or Moda Center. Discover famous attractions like the International Rose Test Garden, Powell's City of Books, and the breathtaking Crater Lake National Park. And remember to take in the spectacular views of the Oregon Coast, which stretches for 363 miles along the Pacific Ocean.

With its scenic natural wonders, vibrant culture, and endless opportunities for adventure, Oregon is the perfect place to call home.

Rental Market Trends

Lake Oswego, OR

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As of October 2026, Lake Oswego's rental market is stable, with rentals spending about 32 days on the market, about the same as in Oregon (32), and rents down 6.8% over the past year. Lake Oswego's average rent is 38.0% ($716) higher than the Oregon average of $1,885 and 24.9% ($519) higher than the U.S. average of $2,082.

Average Rent
$2,601
Monthly ChangeMonth Over Month Change
Decreased0.34% ($9)
Yearly ChangeYear Over Year Change
Decreased6.8% ($188)
Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,896 Decreased0.26% ($5) Decreased4.3% ($84)
2 Beds $2,475 Decreased0.62% ($15) Increased0.6% ($14)
3 Beds $3,587 Increased0.59% ($21) Decreased2.5% ($90)
Nearby Cities Average Rent Avg. Rent vs. Lake OswegoAverage Rent vs. Lake Oswego Days on Market
Tualatin $2,064 Decreased20.6% ($537) 30 days
West Linn $2,204 Decreased15.3% ($397) 29 days
Gladstone $1,821 Decreased30.0% ($780) 30 days
Portland $1,959 Decreased24.7% ($642) 31 days
Beaverton $1,922 Decreased26.1% ($679) 32 days
Based on rentals advertised on RentalSource in and around Lake Oswego.
Frequently Asked Questions
Lake Oswego Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lake Oswego, OR.

The average rent in Lake Oswego, OR is $2,601 per month.
In Lake Oswego, the average rent is $1,896 per month for a 1-bedroom home, $2,475 for a 2-bedroom home and about $3,587 for a 3-bedroom home.
The average rent in Lake Oswego is 24.9% ($519) higher than the national average of $2,082 per month.
The rental market in Lake Oswego, OR is currently stable, with rentals spending about 32 days on the market, about the same as in Oregon (32), and rents down 6.8% over the past year.
Based on the current averages, a household would need an annual income of $99,000 to comfortably afford a 2-bedroom home in Lake Oswego.
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