Lake Oswego, Oregon Rental Market Trends

Disclaimer:

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

$2,134

Y-o-Y Change in Average
Apartment Rent

1.1%

As of June 2025

Compared to a year ago, Lake Oswego, Oregon apartments have recorded a 1.1% rent increase.

Lake Oswego, Oregon Average apartment rent trend

Median Rent Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025
Lake Oswego $2,134 $2,118 $2,102 $2,011 $2,012 $2,116 $2,108 $2,065
National $1,703 $1,703 $1,722 $1,710 $1,716 $1,736 $1,729 $1,736
Lake Oswego
National
Nov 2022
$2,134
$1,703
Mar 2023
$2,118
$1,703
Jul 2023
$2,102
$1,722
Nov 2023
$2,011
$1,710
Mar 2024
$2,012
$1,716
Jul 2024
$2,116
$1,736
Nov 2024
$2,108
$1,729
Mar 2025
$2,065
$1,736

Lake Oswego, Oregon Average Apartment Rent

Lake Oswego, Oregon Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 39.39%, apartments priced $2,000 - $2,500 represent the bulk of Lake Oswego, Oregon rentals, while condos priced Over $3,000 hold the lowest share of the market – 4.34%.

Lake Oswego, Oregon Housing tenure**

Renter occupied housing units 4,977
Owner occupied housing units 11,672

Renters take up 30% of Lake Oswego, Oregon real estate, occupying a total of 4,977 units, while homeowners live in 11,672 properties.

Median number of rooms of renter-occupied housing units**

4

Renter median household income**

$82,628

Average household size of renter-occupied housing units**

2.05

Rental vacancy rate**

1.2%

Lake Oswego, Oregon Renter-occupied housing units by no. of bedrooms**

No bedrooms 344
1 bed 1,396
2 beds 2,166
3 beds 833
4 beds 217

There are 2,166 rentals in Lake Oswego, Oregon with 2 beds making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 217 units. Overall, the median number of rooms in Lake Oswego, Oregon homes for rent is 4.

Lake Oswego, Oregon Renter-occupied units by age of householder**

15 - 24 years 190
25 - 34 years 1,137
35 - 44 years 1,009
45 - 54 years 645
55 - 59 years 355
60 - 64 years 97
65 - 74 years 611
75 - 84 years 532
85 years and over 401

Most condos for rent in Lake Oswego, Oregon are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.

Lake Oswego, Oregon Renter-occupied housing units by family type**

Family households 2,331
Non-Family Households 2,646

Lake Oswego, Oregon Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,347
No related children of the householder under 18 3,630

A total of 2,331 apartments for rent in Lake Oswego, Oregon, or 47% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 1,347 units. All in all, the median size of a renter-occupied household in Lake Oswego, Oregon is 2.05.

Lake Oswego, Oregon Renter-occupied housing units by educational attainment**

Less than high school graduate 37
High school graduate (including equivalency) 489
Some college or associate's degree 1,294
Bachelor's degree or higher 3,157

In terms of education, renters holding bachelor degrees or higher make up 63% 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**

Built 2010 - 2019 281
Built 2000 - 2009 482
Built 1990 - 1999 857
Built 1980 - 1989 995
Built 1970 - 1979 1,280
Built 1960 - 1969 359
Built 1950 - 1959 424
Built 1940 - 1949 140
Built 1939 or earlier 142

The highest share of Lake Oswego, Oregon apartment rentals, namely 26% or 1,280 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (20%, 995 units), and the ones Built 1990 - 1999 (17%, 857 units).

Lake Oswego, Oregon Renter-occupied units by year householder moved in**

Moved in 2021 or later 740
Moved in 2018 to 2020 1,989
Moved in 2010 to 2017 1,922
Moved in 2000 to 2009 267
Moved in 1989 or earlier 35

Median year renter moved into unit 2018

Most Lake Oswego, Oregon renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Lake Oswego, Oregon condos for rent is 2018.

Lake Oswego, Oregon Renter-occupied housing units by vehicles available**

No vehicle available 427
1 vehicle available 2,696
2 vehicles available 1,607
3 vehicles available 164
4 or more vehicles available 83

When it comes to transportation options, 54% of Lake Oswego, Oregon renters have 1 vehicle available per household, 32% 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**

Car, truck, or van - drove alone 3,310
Car, truck, or van - carpooled 313
Public transportation (excluding taxicab) 106
Walked 113
Taxicab, motorcycle, bicycle, or other means 82
Worked at home 1,179

Lake Oswego, Oregon Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 6,639
Moved within same county 770
Moved from different county within same state 1,561
Moved from different state 1,077
Moved from abroad 53

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, 2022 American Community Survey 5-Year Estimates

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