Lake Oswego, Oregon Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lake Oswego, Oregon rental market.
Lake Oswego, Oregon
Average Apartment Rent in August 2022
$2,138
Y-o-Y Change in Average
Apartment Rent
12.5%
Compared to a year ago, Lake Oswego, Oregon apartments have recorded a 12.5% rent increase.
Lake Oswego, Oregon |Average apartment rent trend
Lake Oswego, Oregon| Average apartment rent
Lake Oswego, Oregon | Apartment rent ranges
At 56.37%, apartments priced Over $2,000 represent the bulk of Lake Oswego, Oregon rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.38%.
Lake Oswego, Oregon | Housing tenure**
Renters take up 28% of Lake Oswego, Oregon real estate, occupying a total of 4,513 units, while homeowners live in 11,640 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$74,788
Average household size of renter-occupied housing units**
2.14
Rental vacancy rate**
1.8%
Lake Oswego, Oregon | Renter-occupied housing units by no. of bedrooms**
There are 1,833 rentals in Lake Oswego, Oregon with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 42 units. Overall, the median number of rooms in Lake Oswego, Oregon homes for rent is 3.9.
Lake Oswego, Oregon |Renter-occupied units by age of householder**
Most condos for rent in Lake Oswego, Oregon are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Lake Oswego, Oregon | Renter-occupied housing units by family type**
Lake Oswego, Oregon | Renter-occupied housing units by the presence of own children**
A total of 2,245 apartments for rent in Lake Oswego, Oregon, or 50% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 1,220 units. All in all, the median size of a renter-occupied household in Lake Oswego, Oregon is 2.14.
Lake Oswego, Oregon | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 65% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Lake Oswego, Oregon.
Lake Oswego, Oregon | Renter-occupied units by year structure built**
The highest share of Lake Oswego, Oregon apartment rentals, namely 29% or 1,294 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (22%, 983 units), and the ones Built 1990 - 1999 (18%, 813 units).
Lake Oswego, Oregon | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Lake Oswego, Oregon renters (59%) moved in 2015 to 2016, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lake Oswego, Oregon condos for rent is 2016.
Lake Oswego, Oregon | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Lake Oswego, Oregon renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 9% have No vehicle available.
Lake Oswego, Oregon | Means of transportation to work of householders living in renter-occupied housing units**
Lake Oswego, Oregon |Geographical mobility in the past year for householders living in renter-occupied housing units**
Lake Oswego, Oregon | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lake Oswego, Oregon apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
