Apartments in First Addition Lake Oswego

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16
$1,395 - 1,445
9630 SW 35th Portland, OR
1 BR | Available Now
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Markham
28
$2,995
Milwaukie, OR
4 BR | Available Now
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0
$6,995
2102 Fernwood Dr Lake Oswego, OR
4 BR | Available Now
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Lake Oswego:
November Rent Report

Welcome to the November 2024 Lake Oswego Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Lake Oswego rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lake Oswego and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lake Oswego average rent prices in the chart below.

Monthly Rent Report

$2,150
$1,610
$1,080
$540
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Lake Oswego Rent Prices Decrease From October to November

Lake Oswego rent prices decreased over the last month. From October to November, the city experienced a -0.35% decrease for the price of a one-bedroom apartment. The rent price for a Lake Oswego one-bedroom apartments currently stands at $1,698.0.

When we take a look at the two-bedroom comparison from October to November, Lake Oswego experienced a 0.97% increase for the price of a two-bedroom apartment. The rent price for a Lake Oswego two-bedroom apartments currently stands at $2,089.0.

November Prices: Lake Oswego vs. Surrounding Areas

Rent Prices in Lake Oswego and Surrounding Areas

Rent prices have decreased in Lake Oswego over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lake Oswego suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Lake Oswego suburbs

  • Rents did not decrease in any of the Lake Oswego suburbs.

November 2024 Pricing Trends: Lake Oswego vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Lake Oswego Rent Prices More Affordable Than Major Cities

Rent growth in Lake Oswego over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Lake Oswego average rent prices appear to be relatively affordable for local residents.

The price for a Lake Oswego one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lake Oswego and surrounding area rent prices, take a look at the complete data set below.

Data set for Lake Oswego and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.