
Cheap Apartments for Rent in the Oak Creek Neighborhood of Lake Oswego, OR from $800 (66 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oak Creek area of Lake Oswego.


Hunt Club

Total Monthly Price
15315 Twin Fir Rd, Unit LO Garden Apartment, Unit LO Garden Apartment

Total Monthly Price
Elevation at Mountain Park

The Ridge at Mountain Park Apartments

Quarry Commons

Kruseway Commons

ReNew Laurelwood

Haven Lake Oswego

The Bluffs at Mountain Park
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.

3641 SW Evelyn St

Terrace Glen

Asher Park

Indian Hills Apartments

#306 WOODSIDE VISTA

Dartmouth Crossing North

Greenburg Oaks

Village at Washington Square

Capitol Park

Red Rock Commons
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Shenandoah

Fairfield Park Apartments

11102-11130 SW 62nd Ave, Unit 11106

The York

Total Monthly Price
Attwell off Main

The Fields

Bonita Villa

Hampton Park Apartments

Ivy Terrace Apartments

St James on Hall Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Total Monthly Price
The Overland

Creekside Commons Apartments

Edgewood Manor

Capitol Gardens

The Gables

LuDon Luradel

9500 SW Greenburg Rd

Carriage House Apartments

Hampton Ridge Apartments

3334 SW Luradel St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

11575 SW Greenburg Rd

The 72nd Apartments

Ridgeview Terrace

The Steward

Total Monthly Price
Oak Street Lofts

The Reserve at Ashbrook

Montage

Quail Ridge Apartments

Westbrook Village

12345 SW Hall Blvd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Oak Creek, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Oak Creek?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Creek Studio Apartments | $1,529 | $1,165 | $2,252 |
| Oak Creek 1 Bedroom Apartments | $1,776 | $1,049 | $3,637 |
| Oak Creek 2 Bedroom Apartments | $2,185 | $1,240 | $4,985 |
| Oak Creek 3 Bedroom Apartments | $3,291 | $842 | $10,000+ |
| Oak Creek 4 Bedroom Apartments | $3,185 | $2,070 | $4,300 |
Browse Apartments in this Neighborhood
There are currently 66 rentals with your search options within a 2 mile radius of the Oak Creek Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
Oak Creek, Lake Oswego, OR Local Guide
- Nearby Lake Oswego neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Asher Park priced from $1,049. Indian Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Oak Creek apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Asher Park | LL 1x1 | 1BR,1BA | $1,049 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1,100 |
| #306 WOODSIDE VISTA | 1x1 | 1BR,1BA | $1,160 |
| Dartmouth Crossing North | One Bedroom | 1BR,1BA | $1,216 |
| Hunt Club | Plan A1 | 1BR,1BA | $1,235 |
| Greenburg Oaks | TWO BEDROOM | 2BR,1BA | $1,240 |
| Hallmark Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,250 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1,250 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
| Terrace Glen | Studio | Studio,1BA | $1,265 |
Best Value Apartments for Rent in Oak Creek, OR
As of April 21, 2026 the best value apartment in the Oak Creek area is the $1.35 price per square foot THREE BEDROOM Model at Greenburg Oaks in the in the Far Southwest Portland neighborhood starting from $1,558. The second greatest value Oak Creek apartment is the TWO BEDROOM Model at The Fields starting at $1,550 with a $1.60 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Greenburg Oaks | THREE BEDROOM | 3BR,1BA | $1.35 |
| The Fields | TWO BEDROOM | 2BR,1BA | $1.60 |
| Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
| Capitol Gardens | 2 Bed. Townhome | 2BR,1.5BA | $1.60 |
| LuDon Luradel | 2BR/1.0BA | 2BR,1BA | $1.67 |
| Creekside Commons Apartments | 2 Bed 1 Bath R | 2BR,1BA | $1.73 |
| 9500 SW Greenburg Rd | 2x1 | 2BR,1BA | $1.78 |
| Village at Washington Square | 2BDRM/1BATH | 2BR,1BA | $1.65 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1.79 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1.63 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleOak Creek, Lake Oswego, OR
Ranked #2
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Oak Creek, Lake Oswego, OR
Oak Creek Elementary School
Lake Oswego Senior High School
Lake Oswego Junior High School
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 the Cheapest Studio apartment in Oak Creek?
Currently the most affordable Cheap Studio Apartment in Oak Creek is at Terrace Glen listed at $1,265.
How much is rent for a Cheap One Bedroom Oak Creek Apartment?
The lowest price for a Cheap One Bedroom Oak Creek Apartment is $1,049 at Asher Park.
What is the lowest price for a Cheap Two Bedroom Oak Creek Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oak Creek is starting from $1,240 at Greenburg Oaks.
What is the most affordable Oak Creek Three Bedroom Apartment?
The best deal on a cheap Oak Creek Three Bedroom Apartment rental is at Greenburg Oaks and starts from $1,558.
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.
Helpful Local Expert Guides

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.