Long-term Rental Rates — August 2026 · ZIPs: 97034,97035
Local market data by Estaite
As of August 2026, rental prices in Lake Oswego, OR range from $1,840 to $4,031 per month depending on property type and bedroom count.
The largest year-over-year change was a 6.30% increase for 2-bedroom apartments compared to August 2025.
For 1-bedroom units, single-family homes are highest at $2,197, followed by condos/townhomes at $1,864 and apartments at $1,840.
What is the current range for median rent prices in Lake Oswego, OR?
As of August 2026, median rents in Lake Oswego, OR range from $1,840 for a 1-bedroom apartment to $4,031 for a 4-bedroom single-family home.
Are rents generally rising or falling across different property types in Lake Oswego, OR as of August 2026?
In Lake Oswego, OR, year-over-year rent changes range from a -5.41% decrease for 2-bedroom single-family homes to a 6.30% increase for 2-bedroom apartments, with other segments posting both positive and negative changes.
What is the premium gap between apartments and condos for the same number of bedrooms in Lake Oswego, OR?
In August 2026, the condo/townhome premium over apartments is $24 for 1BR ($1,864 vs $1,840), $21 for 2BR ($2,178 vs $2,157), $291 for 3BR ($3,038 vs $2,747), and $2 for 4BR ($3,770 vs $3,768).
Which rental segment had the largest annual rent increase in Lake Oswego, OR, and is the growth broad or focused?
The largest annual rent increase was in 2-bedroom apartments with a 6.30% rise year over year; this gain is concentrated in that segment since other apartment types and bedroom counts did not show similar increases.
Lake Oswego, OR
August 2026
97034,97035
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,754 – $1,927
-0.01%
4.31%
2-Bedroom
$2,049 – $2,265
5.16%
6.30%
3-Bedroom
$2,608 – $2,894
1.33%
-5.25%
4-Bedroom
$3,701 – $3,823
0.91%
0.12%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,817 – $1,910
-0.83%
-2.32%
2-Bedroom
$2,124 – $2,233
6.18%
-1.74%
3-Bedroom
$2,947 – $3,130
1.65%
-0.69%
4-Bedroom
$3,676 – $3,828
0.91%
0.18%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,144 – $2,229
3.39%
1.73%
2-Bedroom
$2,290 – $2,442
-4.96%
-5.41%
3-Bedroom
$3,324 – $3,726
7.20%
5.29%
4-Bedroom
$3,829 – $4,232
2.08%
2.72%
Data updated: September 23, 2026
Lake Oswego Rental Trends
In the Lake Oswego (97034, 97035) rental market, 1-bedroom apartments posted a notable month-over-month increase of 5.2%, climbing to a median rent of $1,827 in May. The year-over-year uptick for this segment reached 3.4%, supporting continued growth for entry-level apartment rentals in Lake Oswego (97034, 97035).
For three-bedroom units in Lake Oswego (97034, 97035), single-family homes advanced 7.3% month-over-month to a median rent of $3,257. This places them ahead of apartment 3BRs, which only increased 1.5% MoM to reach $2,770.
May's figures impact Lake Oswego (97034, 97035) rental trends: 2-bedroom condos dropped 4.5% year-over-year, settling at a $2,041 median. In comparison, 2BR apartments saw a 2% YoY gain, closing the month at $2,079.