2-Bedroom Apartment Rent in Lake Oswego, OR
Median asking rent for a 2-bedroom apartment in Lake Oswego, Oregon as of July 2026. That's +9% higher than the citywide median of $2,258 and +48% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Lake Oswego
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Lake Oswego
Compare Lake Oswego's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Oregon
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Coos Bay | $1,100 |
| 2 | La Grande | $1,100 |
| 3 | Klamath Falls | $1,120 |
| 4 | Pendleton | $1,120 |
| 5 | Seaside | $1,153 |
| 6 | Hermiston | $1,190 |
| 7 | Prineville | $1,250 |
| 8 | Sutherlin | $1,260 |
| 9 | Roseburg | $1,270 |
| 10 | Cottage Grove | $1,330 |
| 11 | Newport | $1,330 |
| 12 | Stayton | $1,340 |
| 13 | Sweet Home | $1,360 |
| 14 | Astoria | $1,370 |
| 15 | Grants Pass | $1,385 |
Most expensive cities for a 2-bedroom in Oregon
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Sherwood | $2,520 |
| 2 | Lake Oswego (this page) | $2,455 |
| 3 | West Linn | $2,380 |
| 4 | Hillsboro | $2,165 |
| 5 | Wilsonville | $2,150 |
| 6 | Clackamas | $2,100 |
| 7 | Beaverton | $2,100 |
| 8 | Tualatin | $2,090 |
| 9 | West Slope | $2,060 |
| 10 | Gladstone | $2,060 |
| 11 | Portland | $2,039 |
| 12 | Scappoose | $2,030 |
| 13 | Oregon City | $2,010 |
| 14 | Happy Valley | $1,980 |
| 15 | Tigard | $1,965 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Lake Oswego.
| City | Distance | 2-Bedroom rent | vs Lake Oswego |
|---|---|---|---|
| West Linn, OR | 4.8 mi | $2,380 | $-75 (-3%) |
| Tualatin, OR | 4.9 mi | $2,090 | $-365 (-15%) |
| Garden Home-Whitford, OR | 5.2 mi | $1,879 | $-576 (-23%) |
| Tigard, OR | 5.7 mi | $1,965 | $-490 (-20%) |
| Raleigh Hills, OR | 6 mi | $1,776 | $-679 (-28%) |
| Milwaukie, OR | 6.3 mi | $1,880 | $-575 (-23%) |
| West Slope, OR | 7.8 mi | $2,060 | $-395 (-16%) |
| Gladstone, OR | 7.9 mi | $2,060 | $-395 (-16%) |
| Wilsonville, OR | 8.7 mi | $2,150 | $-305 (-12%) |
| Portland, OR | 8.9 mi | $2,039 | $-416 (-17%) |
| Beaverton, OR | 11 mi | $2,100 | $-355 (-14%) |
| Clackamas, OR | 11.6 mi | $2,100 | $-355 (-14%) |
2-Bedroom rent in Lake Oswego — common questions
How much is a 2-bedroom apartment in Lake Oswego?
As of July 2026, the median 2-bedroom apartment rent in Lake Oswego, Oregon is $2,455 per month. This is +9% higher than the citywide median of $2,258.
What income do you need to afford a 2-bedroom in Lake Oswego?
Using the standard 30% rent-to-income rule, you would need an annual income of about $98,200 ($8,183/month gross), which works out to roughly $47.21/hour at a full-time job.
Is Lake Oswego expensive for a 2-bedroom compared to the rest of the US?
Lake Oswego's 2-bedroom median of $2,455 is +48% above the national 2-bedroom median of $1,655. It ranks in the 84th percentile of US cities tracked.
How does Lake Oswego rank for 2-bedroom rent in Oregon?
Among the 65 cities in Oregon with 2-bedroom data, Lake Oswego ranks #64 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Lake Oswego?
Yes — nearby cities with cheaper 2-bedroom rents include West Linn ($2,380), Tualatin ($2,090), Garden Home-Whitford ($1,879).