
Cheap Homes for Rent in Oak Creek Neighborhood of Lake Oswego, OR from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Oak Creek area of Lake Oswego.


11695 SW Greenburg Rd

9370 SW 80th Ave

5538 Royal Oaks Dr

12345 SW Hall Blvd

7582 SW Hunziker Rd

3334 SW Luradel St
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.

47 Eagle Crest Dr

9380 SW 80th Ave

45 Eagle Crest Dr

10915 SW Hall Blvd

10915 SW Hall Blvd

1404 SW Dickinson Ln

7905 SW Fanno Creek Dr
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.
Oak Creek, Lake Oswego, OR Local Guide

How much does it cost to rent a home in Oak Creek?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Creek 2 Bedroom Homes for Rent | $2,384 | $1,450 | $3,500 |
| Oak Creek 3 Bedroom Homes for Rent | $2,972 | $2,000 | $3,750 |
| Oak Creek 4 Bedroom Homes for Rent | $3,395 | $2,895 | $4,195 |
| Oak Creek 5 Bedroom Homes for Rent | $2,600 | $800 | $4,400 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Oak Creek Neighborhood of Lake Oswego, OR.
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Oak Creek, Lake Oswego, OR Local Guide
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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. St James on Hall Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here are the most affordable Oak Creek apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Terrace | 1x1 | 1BR,1BA | $1,200 |
| St James on Hall Apartments | 2BD 1BA | 2BR,1BA | $1,200 |
| Greenburg Oaks | TWO BEDROOM | 2BR,1BA | $1,240 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1,250 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
Best Value Apartments for Rent in Oak Creek, OR
As of January 29, 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 2 bed 2 bath Model at Capitol Park starting at $1,850 with a $1.85 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 |
| Capitol Park | 2 bed 2 bath | 2BR,2BA | $1.85 |
| Hampton Park Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.84 |
| Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
| Capitol Gardens | 2 Bed. Townhome | 2BR,1.5BA | $1.60 |
| The York | 2x1L | 2BR,1BA | $1.61 |
| 9500 SW Greenburg Rd | 2x1 | 2BR,1BA | $1.90 |
| Quail Ridge Apartments | 2 Bedroom, 1 Bath Large | 2BR,1BA | $1.79 |
| Silver Creek Apartments | 1x1 | 1BR,1BA | $1.73 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1.91 |
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.
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
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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
School data provided by Great Schools
Frequently Asked Questions about Oak Creek
What type of rentals are currently available in Oak Creek?
There are currently 149 Apartments for Rent in Oak Creek, OR with pricing that ranges from $842 to $9,956. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Creek ranging from $800 to $4,400.
What is the current price range for Rental Homes in Oak Creek?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Creek ranges from $800 to $4,400 with an average monthly rent of $2,556.
How much are larger Three and Four Bedroom Rentals in Oak Creek?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Oak Creek range from $842 to $9,956, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,750. Four Bedroom Single-Family rentals are also available starting from $2,895 and Four Bedroom Apartments start at $2,070.
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.
Articles, How-To's, and Tips

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.

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.

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.