Cheap Apartments for Rent in the Oak Creek Neighborhood of Lake Oswego, OR from $500 (44 Rentals)

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

property at 15370 Bangy Rd

15370 Bangy Rd

Lake OswegoOR97035
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ReNew Laurelwood
2 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
  • Utilities Included

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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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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Greenburg Oaks
1 to 3 Bedroom Apartments

Greenburg Oaks

11855 SW 91ST AvePortland, OR 97223
  • Utilities Included
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Westbrook Village
Studio to 3 Bedroom Apartments

Westbrook Village

9863 SW 35th DrPortland, OR 97219
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LuDon Apartments
2 to 3 Bedroom Apartments

LuDon Apartments

4501-4537 SW Luradel StPortland, OR 97219
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Edgewood Manor
1 to 2 Bedroom Apartments

Edgewood Manor

14500 SW Hall BlvdTigard, OR 97224
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The Fields Apartments
1 to 2 Bedroom Apartments

The Fields Apartments

7790 SW Hunziker RdTigard, OR 97223
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JANEWOOD WEST
1 Bedroom Apartments

JANEWOOD WEST

10800 SW Barbur BlvdPortland, OR 97219
  • Utilities Included

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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Fanno Creek Village
1 to 2 Bedroom Apartments

Fanno Creek Village

13816 SW Fanno Creek DrTigard, OR 97223
Showing Results 1-44, Page 1 of 1

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 Alongside Senior Apartments priced from $1,096. Hallmark Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Oak Creek apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Alongside Senior Apartments1 Bedroom1BR,1BA$1,096
Hallmark Apartments1 Bed 1 Bath1BR,1BA$1,195
Ridgeview Terrace1x11BR,1BA$1,200
Asher Park ApartmentsOne-Bedroom1BR,1BA$1,200
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Capital Park1 bed-1 bath1BR,1BA$1,250
Quail Ridge Apartments1 Bedroom, 1 Bath1BR,1BA$1,250
Royal Oaks Apartments1x1 685 SF - A1BR,1BA$1,276
ShenandoahOne Bedroom1BR,1BA$1,350
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1,375

Best Value Apartments for Rent in Oak Creek, OR

As of May 10, 2025 the best value apartment in the Oak Creek area is the $1.88 price per square foot Mount St. Helens Model at Main Street Village in the in the Far Southwest Portland neighborhood starting from $2,376. The second greatest value Oak Creek apartment is the 2 bed 2 bath Model at Capital 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Main Street VillageMount St. Helens3BR,2BA$1.88
Capital Park2 bed 2 bath2BR,2BA$1.85
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1.57
Gatehouse Apartments2x22BR,2BA$1.72
Tigard York2x1L2BR,1BA$1.66
Fairfield Park ApartmentsUpstairs2BR,1BA$1.88
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.86
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.84
Royal Oaks Apartments1x1 685 SF - A1BR,1BA$1.86
Alongside Senior Apartments1 Bedroom1BR,1BA$1.89

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 neighborhoods in Lake Oswego, OR 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 the Cheapest Studio apartment in Oak Creek?

Currently the most affordable Cheap Studio Apartment in Oak Creek is at The 72nd Apartments listed at $1,599.

How much is rent for a Cheap One Bedroom Oak Creek Apartment?

The lowest price for a Cheap One Bedroom Oak Creek Apartment is $1,096 at Alongside Senior Apartments.

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 $1,375 at Carleton Terrace Apartments.

What is the most affordable Oak Creek Three Bedroom Apartment?

The best deal on a cheap Oak Creek Three Bedroom Apartment rental is at Village at Washington Square and starts from $1,731.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.