Cheap Apartments for Rent in the Oak Creek Neighborhood of Lake Oswego, OR from $678 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oak Creek area of Lake Oswego.

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Parkridge Apartments
Rent Specials
$1,468 - $2,953

Total Monthly Price

Base Rent$1,468 - $2,953
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Parkridge Apartments

215 Greenridge DrLake Oswego, OR 97035
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ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
Corporate Housing
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Haven Lake Oswego
1 to 2 Bedroom Apartments

Haven Lake Oswego

15000 Davis LnLake Oswego, OR 97035
Corporate Housing

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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The Overland
Rent Specials
$1,329 - $3,394

Total Monthly Price

Base Rent$1,329 - $3,394
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Overland

11974 SW 72nd AveTigard, OR 97223
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Attwell off Main
Rent Specials
$1,341 - $4,196

Total Monthly Price

Base Rent$1,341 - $4,196
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Attwell off Main

12850 SW Ash AveTigard, OR 97223
Corporate Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Oak Street Lofts
Rent Specials
$1,581 - $3,111

Total Monthly Price

Base Rent$1,581 - $3,111
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Oak Street Lofts

8920 SW Oak StTigard, OR 97223
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property at 1404 SW Dickinson Ln
$1,750

Total Monthly Price

Base Rent$1,750
Total Monthly Price$1,750
1 Bedroom, 1 Bath Home for Rent
Available Now
Luxury

1404 SW Dickinson Ln

PortlandOR97219
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ViewFinder Apartments
1 to 3 Bedroom Apartments

ViewFinder Apartments

11600 SW 72nd AveTigard, OR 97223
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Westbrook Village
Studio to 3 Bedroom Apartments

Westbrook Village

9863 SW 35th DrPortland, OR 97219
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Terrace Glen
Studio to 4 Bedroom Apartments

Terrace Glen

9660 SW Greenburg RdPortland, OR 97223
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Silver Creek Apartments
1 to 2 Bedroom Apartments

Silver Creek Apartments

11580 SW Hall BlvdPortland, OR 97223
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fivec01
1 to 2 Bedroom Apartments

fivec01

11102-11130 SW 62nd AvePortland, OR 97219
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Red Rock Commons
1 Bedroom Apartments

Red Rock Commons

11090 SW 68th PkyTigard, OR 97223
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Oak Creek, Lake Oswego, OR Local Guide

Cheapest Available Oak Creek Apartments for Rent

 

The cheapest available apartment rental in the Oak Creek area of Portland, OR is a 1 Bed unit found at Ridgeview Terrace priced from $1,200. Indian Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Oak Creek apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Terrace1x11BR,1BA$1,200
Indian Hills Apartments1BR/1.0BA1BR,1BA$1,200
Greenburg OaksTWO BEDROOM2BR,1BA$1,240
Hallmark Apartments1 Bed 1 Bath1BR,1BA$1,250
Capitol Park1 bed-1 bath1BR,1BA$1,250
Plum Street Apartments1BR/1.0BA1BR,1BA$1,295
St James on Hall Apartments1BD 1BA1BR,1BA$1,299
ShenandoahOne Bedroom1BR,1BA$1,325
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1,325
The OverlandStudioStudio,1BA$1,329

Best Value Apartments for Rent in Oak Creek, OR

As of September 07, 2026 the best value apartment in the Oak Creek area is the $1.62 price per square foot 3 Bed Townhome Model at Capitol Gardens in the in the Far Southwest Portland neighborhood starting from $1,950. The second greatest value Oak Creek apartment is the THREE BEDROOM Model at Greenburg Oaks starting at $1,558 with a $1.35 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Oak Creek apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Capitol Gardens3 Bed Townhome3BR,1.5BA$1.62
Greenburg OaksTHREE BEDROOM3BR,1BA$1.35
Gatehouse Apartments2x22BR,2BA$1.72
LuDon LuradelSpacious 2-Bedroom at Luradel | ONE MONTH FREE!...2BR,1BA$1.67
Creekside Commons Apartments2 Bed 1 Bath2BR,1BA$1.77
Fairfield Park ApartmentsUpstairs2BR,1BA$1.76
The Village Apartments2 Beds, 1 Baths2BR,1BA$1.68
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.74
Capitol Park1 bed-1 bath1BR,1BA$1.79
Indian Hills Apartments1BR/1.0BA1BR,1BA$1.74

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Oak Creek, Lake Oswego, OR

Ranked #1

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Oak Creek, Lake Oswego, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Lake Oswego. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Oak Creek Apartments

What is a cheap apartment in Oak Creek?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oak Creek is under $1,329.

What is the price of a cheap apartment in Oak Creek?

The cheapest apartment in Oak Creek is Ridgeview Terrace which is listed at $1,200, while the average apartment in Oak Creek costs $1,972.

What types of apartments are the cheapest in Oak Creek?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Oak Creek that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Oak Creek?

Cheap apartments in Oak Creek have an average cost of $173 which is $1,799 cheaper than the average rent for all rentals in Oak Creek.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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