Cheap Apartments for Rent in the Oak Creek Neighborhood of Lake Oswego, OR from $800 (50 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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ReNew Laurelwood
1 to 3 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
Corporate Housing
  • Utilities Included

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.

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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.

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Cash 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.

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Westbrook Village
Studio to 3 Bedroom Apartments

Westbrook Village

9863 SW 35th DrPortland, OR 97219
  • Utilities Included

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.

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Edgewood Manor
1 to 2 Bedroom Apartments

Edgewood Manor

14500 SW Hall BlvdTigard, OR 97224
  • Utilities Included
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The Fields Apartments
1 to 3 Bedroom Apartments

The Fields Apartments

7790 SW Hunziker RdTigard, OR 97223
  • Utilities Included
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Capitola Commons
1 to 3 Bedroom Apartments

Capitola Commons

10706 SW Capitol HwyPortland, OR 97219
  • Utilities Included
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Silver Creek Apartments
1 to 2 Bedroom Apartments

Silver Creek Apartments

11580 SW Hall BlvdPortland, OR 97223
  • Utilities Included
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Fanno Creek Village
Studio to 3 Bedroom Apartments

Fanno Creek Village

13816 SW Fanno Creek DrTigard, OR 97223
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Hermoso View
Studio to 2 Bedroom Apartments

Hermoso View

7460 SW Hermoso WayTigard, OR 97223

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.

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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 Greenburg Oaks priced from $1,215. Village at Washington Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,248. Here are the most affordable Oak Creek apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Greenburg OaksONE BEDROOM1BR,1BA$1,215
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Capitol Park1 bed-1 bath1BR,1BA$1,250
Ridgeview Terrace1x11BR,1BA$1,250
ShenandoahOne Bedroom1BR,1BA$1,250
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
Terrace GlenStudioStudio,1BA$1,265
St James on Hall Apartments2BD 1BA2BR,1BA$1,300
Fairfield Park ApartmentsOne Bedroom1BR,1BA$1,345
Bonita Villa1 Bedroom 1 Bath1BR,1BA$1,348

Best Value Apartments for Rent in Oak Creek, OR

As of December 05, 2025 the best value apartment in the Oak Creek area is the $1.86 price per square foot Two Bedroom Two Bath Model at Oswego Cove in the in the Far Southwest Portland neighborhood starting from $1,895. The second greatest value Oak Creek apartment is the 2 Beds 1 Bath Model at Indian Hills Apartments starting at $1,595 with a $1.64 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.
Oswego CoveTwo Bedroom Two Bath2BR,2BA$1.86
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1.64
Gatehouse Apartments2x22BR,2BA$1.72
The York2x1L2BR,1BA$1.61
Capitol Park2 bed-1 bath2BR,1BA$1.83
Royal Oaks Apartments2x1 824 SF - A2BR,1BA$1.76
Capitola Commons1 bedroom 1 bath1BR,1BA$1.82
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.86
St James on Hall Apartments2BD 1BA2BR,1BA$1.72
Greenburg OaksONE BEDROOM1BR,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick 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.

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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.

Getting Around the Oak Creek Neighborhood in Lake Oswego, OR

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,348.

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

The cheapest apartment in Oak Creek is Greenburg Oaks which is listed at $1,215, while the average apartment in Oak Creek costs $4,550.

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 20 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 $262 which is $4,288 cheaper than the average rent for all rentals in Oak Creek.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!