How much does it cost to rent in Lake Oswego, OR?

As of July 2026, the median monthly rent in Lake Oswego, OR is $2,258. This figure is based on aggregated data from public sources and community-submitted rents.

Is Lake Oswego cheaper than other Oregon cities?

Lake Oswego is one of the pricier cities in Oregon, ranking #6 out of 65 cities tracked at $2,258/mo.

When was Lake Oswego rent data last updated?

Lake Oswego rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · OR

Lake Oswego

Name: Average Rent Prices in Lake Oswego, OR
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 40,381·6th most expensive in Oregon·Rental market data updated monthly for Lake Oswego, OR

Median rent (all units)

$2,258/mo

Year-over-Year

+2.0%

Month-over-Month

+4.1%

vs US Median

+$293

Rising (Monthly)

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Most AffordableMost Expensive

Lake Oswego · $2,258

More expensive than 71% of US cities · National median $1,965/mo

Rent Reality Score

59/100

Fairly priced

OverheatedFairGreat value

Rents are 5% below what Lake Oswego's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,258/mo

Expected by trend

$2,363/mo

The Rent Reality Score compares today's median rent to where Lake Oswego's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$2,000

1 BR

$2,150

2 BR

$2,455

3 BR

$3,370

4 BR+

$3,955

Research median

$2,455/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$27,096/yr

At $2,258/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 2.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+2.0% YoY, +4.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Lake Oswego, OR is majority owner-occupied, has a large retiree population, has a median income above the national average, 74.8% of residents hold a bachelor's degree or higher.

Population

40,381

Median income

$141,549

Median age

46.7

Renters

30.7%

Age distribution

22.2%

28.4%

14.1%

23.5%

Under 1822.2%

18–3411.8%

35–5428.4%

55–6414.1%

65+23.5%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

76.9%

White76.9%

Black0.7%

Hispanic5.7%

Asian9.2%

Other7.6%

Education (25+)

18.2%

74.8%

No HS diploma1%

HS diploma6%

Some college18.2%

Bachelor's+74.8%

Housing tenure

69.3%

30.7%

Owner69.3%

Renter30.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Lake Oswego, OR has changed in 5 years

Rent

$1,708 → $2,258

up 32.2%

Income

$120,585 → $141,549

up 17.4%

Population

40,390 → 40,381

up 0.0%

Renter share

29.3% → 30.7%

+1.4 pts

Bachelor's+

72.8% → 74.8%

+2.0 pts

Median age

45.9 → 46.7

+0.8 yrs

Five years ago, renters in Lake Oswego, OR paid around $1,708 a month. That figure now sits near $2,258, up 32.2% from the 2021 baseline. On the earnings side, the typical household in Lake Oswego, OR now reports about $141,549, up from $120,585 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 72.8% to 74.8% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Lake Oswego, OR reflects that arc in its own way.

Community

Discussions about Lake Oswego

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View Lake Oswego rent history (2015–2026) →

Salary vs rent

Can you afford rent in Lake Oswego on your salary?

At $2,258/mo, how Lake Oswego rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 27.6% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 38.8% income

stretched

Police Officer

Avg $80,361/yr · Rent = 33.7% income

stretched

Software Developer

Avg $143,634/yr · Rent = 18.9% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 14.8% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 41.5% income

rent-burdened

Truck Driver

Avg $58,978/yr · Rent = 45.9% income

rent-burdened

Electrician

Avg $72,696/yr · Rent = 37.3% income

stretched

By apartment size

Lake Oswego rent by bedroom count

Median rent for each apartment size in Lake Oswego. Click any size for full breakdown.

Local insights

Tips for renters in Lake Oswego

About renting in Lake Oswego, OR

Last updated: July 20, 2026

The median rent in Lake Oswego is $2,258/mo as of July 2026. A studio apartment averages $2,000/mo while a 2-bedroom runs $2,455/mo. One-bedroom apartments average $2,150/mo and 3-bedroom units go for $3,370/mo.

At 19% of local median household income ($141,549/yr), Lake Oswego ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

Is Lake Oswego an affordable city for renters?

Lake Oswego is considered very affordable for renters. At $2,258/mo, rent takes approximately 19% of the local median household income ($141,549/yr). The standard benchmark is 30%. Lake Oswego falls comfortably within that range.

How much income do you need to rent in Lake Oswego?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (~$43/hour full-time) to afford the median rent of $2,258/mo in Lake Oswego. The local median household income is $141,549/yr, meaning the typical Lake Oswego household meets that threshold.

Is rent going up or down in Lake Oswego?

Rent in Lake Oswego has increased 2.0% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Lake Oswego neighborhoods have the lowest rent?

The most affordable ZIP codes in Lake Oswego are 97035 ($2,103/mo), and 97034 ($2,866/mo). Citywide, the median rent in Lake Oswego is $2,258/mo.

How does Lake Oswego rent compare to other cities in Oregon?

Lake Oswego is one of the pricier cities in Oregon for rent, ranking #6 out of 65 tracked cities at $2,258/mo.

Which nearby cities are cheaper to rent in than Lake Oswego?

Several nearby cities have lower median rents than Lake Oswego ($2,258/mo): Metzger ($1,452/mo), Tualatin ($1,853/mo), Tigard ($1,895/mo).

What percentage of Lake Oswego residents rent vs. own?

According to Census data, approximately 30.7% of Lake Oswego households are renters, while 69.3% are owner-occupied. Lake Oswego leans toward homeownership, which can mean a smaller rental inventory.

How does Lake Oswego rent compare to the national average?

Lake Oswego's median rent of $2,258/mo is $293 (15%) above the US national median of $1,965/mo. Within Oregon, it ranks #6 out of 65 tracked cities.

Income Affordability

19%

VERY AFFORDABLE

At $2,258/mo, rent takes ~19% of Lake Oswego's median household income ($141,549/yr). The standard benchmark is 30%.

Lake Oswego 19%Benchmark 30%

State income tax4.75–9.9%

Run the Lake Oswego affordability calculator →

Nearby cities