3-Bedroom Apartment Rent in Lake Oswego, OR
Median asking rent for a 3-bedroom apartment in Lake Oswego, Oregon as of July 2026. That's +49% higher than the citywide median of $2,258 and +58% above the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Oregon
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Seaside | $1,416 |
| 2 | Coos Bay | $1,540 |
| 3 | La Grande | $1,540 |
| 4 | Klamath Falls | $1,570 |
| 5 | Pendleton | $1,570 |
| 6 | Wood Village | $1,622 |
| 7 | Hermiston | $1,670 |
| 8 | Prineville | $1,750 |
| 9 | Sutherlin | $1,760 |
| 10 | Roseburg | $1,775 |
| 11 | Sweet Home | $1,820 |
| 12 | Astoria | $1,840 |
| 13 | Stayton | $1,850 |
| 14 | Cottage Grove | $1,860 |
| 15 | Newport | $1,860 |
Most expensive cities for a 3-bedroom in Oregon
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Sherwood | $3,460 |
| 2 | Lake Oswego (this page) | $3,370 |
| 3 | West Linn | $3,260 |
| 4 | Hillsboro | $2,970 |
| 5 | Wilsonville | $2,950 |
| 6 | Clackamas | $2,880 |
| 7 | Beaverton | $2,880 |
| 8 | Tualatin | $2,870 |
| 9 | West Slope | $2,830 |
| 10 | Gladstone | $2,830 |
| 11 | Portland | $2,802 |
| 12 | Scappoose | $2,780 |
| 13 | Oregon City | $2,760 |
| 14 | Happy Valley | $2,720 |
| 15 | Tigard | $2,695 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Lake Oswego.
| City | Distance | 3-Bedroom rent | vs Lake Oswego |
|---|---|---|---|
| West Linn, OR | 4.8 mi | $3,260 | $-110 (-3%) |
| Tualatin, OR | 4.9 mi | $2,870 | $-500 (-15%) |
| Garden Home-Whitford, OR | 5.2 mi | $2,517 | $-853 (-25%) |
| Tigard, OR | 5.7 mi | $2,695 | $-675 (-20%) |
| Milwaukie, OR | 6.3 mi | $2,580 | $-790 (-23%) |
| West Slope, OR | 7.8 mi | $2,830 | $-540 (-16%) |
| Gladstone, OR | 7.9 mi | $2,830 | $-540 (-16%) |
| Wilsonville, OR | 8.7 mi | $2,950 | $-420 (-12%) |
| Portland, OR | 8.9 mi | $2,802 | $-568 (-17%) |
| Beaverton, OR | 11 mi | $2,880 | $-490 (-15%) |
| Clackamas, OR | 11.6 mi | $2,880 | $-490 (-15%) |
| Sherwood, OR | 11.9 mi | $3,460 | +$90 (+3%) |
3-Bedroom rent in Lake Oswego — common questions
How much is a 3-bedroom apartment in Lake Oswego?
As of July 2026, the median 3-bedroom apartment rent in Lake Oswego, Oregon is $3,370 per month. This is +49% higher than the citywide median of $2,258.
What income do you need to afford a 3-bedroom in Lake Oswego?
Using the standard 30% rent-to-income rule, you would need an annual income of about $134,800 ($11,233/month gross), which works out to roughly $64.81/hour at a full-time job.
Is Lake Oswego expensive for a 3-bedroom compared to the rest of the US?
Lake Oswego's 3-bedroom median of $3,370 is +58% above the national 3-bedroom median of $2,130. It ranks in the 88th percentile of US cities tracked.
How does Lake Oswego rank for 3-bedroom rent in Oregon?
Among the 64 cities in Oregon with 3-bedroom data, Lake Oswego ranks #63 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Lake Oswego?
Yes — nearby cities with cheaper 3-bedroom rents include West Linn ($3,260), Tualatin ($2,870), Garden Home-Whitford ($2,517).