Long-term Rental Rates — September 2026 · ZIPs: 97034,97035
Local market data by Estaite
As of September 2026, rental prices in Lake Oswego (97034, 97035), in the Portland metro area, range from $1,812 to $4,179 per month depending on property type and bedroom count.
The largest year-over-year increase was for single-family 4BR rentals in Lake Oswego, OR, which rose 4.62% compared to September 2025.
For 2-bedroom units, condos/townhomes in Lake Oswego, OR have a slightly higher median rent than apartments with $2,209 versus $2,157.
What is the current rent range for apartments, condos, and single-family homes in Lake Oswego, OR?
In Lake Oswego, OR, median rents in September 2026 span from $1,812 for a 1-bedroom apartment up to $4,179 for a 4-bedroom single-family home.
Are rents in Lake Oswego, OR generally rising, falling, or mixed across property types?
Lake Oswego, OR shows a mixed rental trend in September 2026 with year-over-year increases for some segments (such as 1BR and 2BR apartments up 1.46% and 5.19%, and single-family 4BR up 4.62%), while others like 3BR apartments (-5.79%) and 3BR condos/townhomes (-4.87%) declined.
What is the price difference between apartment and condo/townhome rents for the same bedroom count in Lake Oswego, OR?
For September 2026 in Lake Oswego, OR, condo/townhome rents slightly exceed apartment rents for 1-bedroom ($1,870 vs $1,812), 2-bedroom ($2,209 vs $2,157), and 3-bedroom units ($2,937 vs $2,764).
Which rental segment in Lake Oswego, OR saw the highest year-over-year rent growth, and is it broad-based or focused on one bedroom type?
The highest year-over-year rent growth in Lake Oswego, OR as of September 2026 was in single-family 4-bedroom homes, which rose 4.62%; other single-family segments also increased but less sharply, indicating the gain is most pronounced in 4-bedroom properties.
Lake Oswego, OR· Portland metro
September 2026
97034,97035
Long-term Rental Rates
Long-term rental rates for Lake Oswego (97034,97035), in the Portland metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,721 – $1,902
-1.68%
1.46%
2-Bedroom
$2,049 – $2,265
-0.13%
5.19%
3-Bedroom
$2,620 – $2,908
0.71%
-5.79%
4-Bedroom
$3,733 – $3,828
0.85%
-0.04%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,823 – $1,917
0.30%
-2.81%
2-Bedroom
$2,154 – $2,264
0.55%
-0.07%
3-Bedroom
$2,828 – $3,046
-4.11%
-4.87%
4-Bedroom
$3,693 – $3,828
0.75%
0.01%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,202 – $2,348
3.55%
4.44%
2-Bedroom
$2,345 – $2,500
2.34%
-4.60%
3-Bedroom
$3,300 – $3,662
-0.62%
3.61%
4-Bedroom
$3,941 – $4,417
3.31%
4.62%
Data updated: October 19, 2026
Lake Oswego Rental Trends · Portland metro
In the Lake Oswego (97034, 97035) rental market, 2BR apartments climbed to $2,157, posting a 5.155% MoM increase and 6.305% YoY growth, highlighting momentum in this segment. By contrast, 3BR apartments at $2,751 rose just 1.327% MoM and declined -5.253% YoY, underscoring weaker annual performance for larger apartment units.
Across the condo/townhome segment, 2BR units in Lake Oswego (97034, 97035) reached $2,178 with a 6.185% MoM jump but a -1.738% YoY decline, while 1BR condos at $1,864 saw both MoM and YoY decreases of -0.833% and -2.317%. This contrast points to comparatively firmer demand around 2BR configurations than smaller layouts.
Investors focused on detached product will note 3BR single-family homes at $3,525 rose 7.196% MoM and 5.286% YoY, compared with 4BR homes at $4,031, which increased 2.085% MoM and 2.719% YoY; 3BRs therefore lead 4BRs by 5.111 percentage points in MoM growth. Lake Oswego (97034, 97035) rental trends currently favor mid-size single-family over larger footprints.