Low Income Apartments and Affordable Housing For Rent in Lake Oswego, OR

Discover affordable housing in Lake Oswego where there are 16+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Hollyfield Village

4077 Sunset Dr, Lake Oswego, Oregon 97035

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Haven Lake Oswego

15000 Davis Ln, Lake Oswego, Oregon 97035

bed 2
payment $1930/mo.

ReNew Laurelwood

3855 Lake Grove Ave, Lake Oswego, Oregon 97035

bed 2
payment $1695/mo.

ReNew Oakridge

4628 Oakridge Rd, Lake Oswego, Oregon 97035

bed 2
payment $1850/mo.

Westlake Meadows Apartments

5300 Parkview Dr, Lake Oswego, Oregon 97035

bed 1-2
payment $1640-1835/mo.

One Jefferson

1 Jefferson Pky, Lake Oswego, Oregon 97035

bed 3
payment $2603/mo.

Hunt Club

6142 Bonita Rd, Lake Oswego, Oregon 97035

bed 1-2
payment $1514-1695/mo.

Kruseway Commons

4933 Parkview Dr, Lake Oswego, Oregon 97035

bed 1
payment $1700/mo.

Parkridge Apartments

215 Greenridge Dr, Lake Oswego, Oregon 97035

bed Studio-2
payment $1226-1926/mo.

100 Kerr Pkwy

100 Kerr Pkwy, Lake Oswego, Oregon 97035

bed 1
payment $1350/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

3930 Lake Grove Ave

3930 Lake Grove Ave, Lake Oswego, Oregon 97035

bed 2
payment $1750/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

4 Touchstone Dr

4 Touchstone Dr, Lake Oswego, Oregon 97035

bed 3
payment $2695/mo.

7 Crestfield Ct

7 Crestfield Ct, Lake Oswego, Oregon 97035

bed 1
payment $1695/mo.

100 Kerr Pkwy Unit 39

100 Kerr Pkwy Unit 39, Lake Oswego, Oregon 97035

bed 2
payment $2000/mo.

1592 Worthington St

1592 Worthington St, Lake Oswego, Oregon 97034

bed 3
payment $2695/mo.

Oakridge Park

4255 Oakridge Rd, Lake Oswego, Oregon 97035

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Lake Oswego, Oregon

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lake Oswego, Oregon
$38.33/hour
$25.13 (+190%) more than Oregon minimum wage and $31.08 (+429%) more than the Federal minimum wage.
Learn More About Lake Oswego, Oregon Affordable Housing ↓

What HUD offices serve Lake Oswego, Oregon?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lake Oswego, Oregon.

Go to the Oregon Public Housing and Low-Income Apartments Waiting Lists page for openings near Lake Oswego.

How many renters live in Lake Oswego, Oregon?

The City of Lake Oswego has people living in households.

There are renters living in renter households in this City. Renters make up 25.22 percent of the population living in Lake Oswego.

What is the rental market like in Lake Oswego, Oregon?

There are an estimated housing units in the Lake Oswego area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake Oswego, Oregon, there are 1.01 rental units.

What is the vacancy rate for rentals in Lake Oswego?

The rental vacancy rate in Lake Oswego is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Lake Oswego for each bedroom size?

Occupied Rental Units by Size in Lake Oswego
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
344 1,396 2,166 833 217
Occupied Rental Units by Size in Lake Oswego

A large number of apartments in Lake Oswego have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lake Oswego

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,650 to $3,254. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,650
One BR $1,776
Two BR $2,024
Three BR $2,809
Four BR $3,254
2024 Fair Market Rents in Lake Oswego, Oregon

How many units are rented at Fair Market Rent (FMR) in Lake Oswego?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 71 21 percent
One BR 275 20 percent
Two BR 215 10 percent
Rental Units Below FMR in Lake Oswego, Oregon

How many affordable rental units are in Lake Oswego?

There are a variety of federal affordable housing programs serving households in Lake Oswego, Oregon including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Lake Oswego, Oregon

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Lake Oswego, Oregon

Lake Oswego features 30 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Lake Oswego, Oregon

There are 45 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Oswego.

Housing Choice Vouchers in Lake Oswego, Oregon

On average, Section 8 Housing Choice vouchers pay Lake Oswego landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Lake Oswego.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Oswego, Oregon for a two-bedroom apartment is between $1,822 and $2,226.

Sourced from federal housing data and AffordableHousingOnline.com research.

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