Average Rent in Lake Oswego, OR (2026)
The average 1-bedroom rent in Lake Oswego, OR is $2,005/month as of 2026, based on HUD data across 2 ZIP codes. Rents have changed -2.3% year over year. Rents range from $1,990 to $2,020.
Average Rent · 1-Bedroom
$2,005/mo
Source: HUD Fair Market Rent · 2 zip codes
Year-over-Year
↓ -2.3%
Source: Apartment List, Zillow ZORI, HUD Fair Market Rent
Data through
The average 1-bedroom rent in Lake Oswego, OR is $2,005/month according to HUD FY2026 Fair Market Rent data, covering 2 ZIP codes. Rents have decreased 2.3% year-over-year. The average 1-bedroom rent in Lake Oswego is 68% above the national average of $1,196/month.
Average rent in Lake Oswego, OR ranges from $1,990 to $2,020 across 2 ZIP codes.
Based on local market data, a fair rent increase in Lake Oswego, OR is approximately 2.3% for 2026. An increase above 2.3% exceeds the local market trend and may be worth negotiating.
Key Facts
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent, HUD SAFMR, Rentcast. Updated February 2026.
How much is rent in Lake Oswego, OR?
The average 1-bedroom rent in Lake Oswego, OR is $2,005/month as of 2026, based on HUD data across 2 ZIP codes. Rents across Lake Oswego are relatively uniform, clustering around $2,005/month. To afford this at the 30% rule, a household would need approximately $80,200/year.
Is rent going up in Lake Oswego?
Rents in Lake Oswego have decreased 2.3% year over year based on local market data. Declining rents may give renters leverage when negotiating renewals.
What is a fair rent increase in Lake Oswego?
Based on local market data, a rent increase around 2.3% is in line with the Lake Oswego market for 2026. An increase above that level exceeds the local trend and may be worth pushing back on. Note: Oregon has rent increase protections — the cap is generally 7% + CPI. Check your specific increase with RenewalReply's free rent analysis tool.
Rent Trends in Lake Oswego
-2.3%
Rents in Lake Oswego are cooling at -2.3% year-over-year.
− Estimated trend
Market sources range from -6.7% to -0.3%
Why the range? Zillow ZORI tracks what landlords are asking for units (-0.3%), while Apartment List tracks what renters actually sign leases at (-2.6%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in Lake Oswego right now.
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
What Should Rent Cost in Lake Oswego?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in Lake Oswego typically rents for $1,875 – $2,156.
Rents above $2,479 are in the top 25% for this area.
A 1-bedroom in Lake Oswego typically rents for $2,005 – $2,306.
Rents above $2,652 are in the top 25% for this area.
A 2-bedroom in Lake Oswego typically rents for $2,295 – $2,639.
Rents above $3,035 are in the top 25% for this area.
A 3-bedroom in Lake Oswego typically rents for $3,130 – $3,599.
Rents above $4,139 are in the top 25% for this area.
A 4-bedroom in Lake Oswego typically rents for $3,715 – $4,272.
Rents above $4,913 are in the top 25% for this area.
Federal Rent Benchmarks for Lake Oswego
HUD Fair Market Rents are federal rent benchmarks published annually by HUD. They provide a consistent baseline for comparing rents across areas.
Studio
$1,875
HUD Fair Market Rent
1-Bedroom
$2,005
HUD Fair Market Rent
2-Bedroom
$2,295
HUD Fair Market Rent
3-Bedroom
$3,130
HUD Fair Market Rent
4-Bedroom
$3,715
HUD Fair Market Rent
Source: HUD SAFMR FY2026 · Updated
Zip Codes in Lake Oswego
Click any zip code for detailed rent data including zip-specific SAFMR rates, nearby comparables, and a free rent increase check.
SAFMR rates are zip-specific.
How Does Lake Oswego Compare?
Questions about rent in Lake Oswego
What is the average 1-bedroom rent in Lake Oswego, OR?
The average 1-bedroom fair market rent in Lake Oswego, OR is $2,005/month as of 2026, based on HUD rent data across 2 ZIP codes in the city. This is 68% above the national average of $1,196/month. Rents range from $1,990 to $2,020 depending on ZIP code.
What is a fair rent increase in Lake Oswego?
A rent increase up to about 2.3% is broadly in line with the recent market trend in Lake Oswego. Increases above that level are above trend and should be tested against neighborhood-level pricing and comparable rentals. The current average 1-BR rent is $2,005/month.
Are rents going up or down in Lake Oswego?
Rents in Lake Oswego have decreased 2.3% year over year based on local market data. This reflects local market conditions across 2 ZIP codes in the Portland-Vancouver-Hillsboro, OR-WA MSA area.
How much do rents vary across Lake Oswego?
1-bedroom rents across Lake Oswego range from $1,990 to $2,020 on this page, a $30/month spread. This shows that rent can vary materially across ZIP codes within the same city, reflecting neighborhood-level differences in housing stock and demand.
Can my landlord raise my rent in Lake Oswego?
In Lake Oswego, rent increases are regulated under Oregon protections. The maximum increase is generally 7% + CPI. Landlords must also follow applicable state notice requirements before issuing a rent increase.
How much should I spend on rent in Lake Oswego?
The general guideline is to spend no more than 30% of your gross income on rent. With average 1-bedroom rent in Lake Oswego at $2,005/month, a household would need approximately $80,200/year in gross income to afford this comfortably. Many renters in high-cost areas spend above this threshold — our free tool can help you assess whether your specific rent is fair for your ZIP code.
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Renter Tools
Browse Lake Oswego ZIP Codes
See rent data by ZIP code in this city.
Renter Guides
- How to Negotiate a Rent Increase →
A data-driven guide with free email templates for pushing back on your landlord.
- Rent Increase Laws in Oregon →
See notice rules, caps, and tenant protections in Oregon.
- What Should I Pay for Rent? →
How to compare rent prices and know if you're getting a fair deal.
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →