Cheap Apartments for Rent in the Oak Creek Neighborhood of Lake Oswego, OR from $500 (47 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
2 Bedroom Apartments

ReNew Laurelwood

3855 Lake Grove AveLake Oswego, OR 97035
  • 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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Red Rock Commons
1 Bedroom Apartments

Red Rock Commons

11090 SW 68th PkyTigard, 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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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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Asher Park Apartments
1 Bedroom Apartments

Asher Park Apartments

11865 SW Greenburg RdTigard, OR 97223
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JANEWOOD WEST
1 Bedroom Apartments

JANEWOOD WEST

10800 SW Barbur BlvdPortland, OR 97219
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Park Place Apartments
3 Bedroom Apartments

Park Place Apartments

11555 SW 88th AveTigard, OR 97223
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Fanno Creek Village
1 to 2 Bedroom Apartments

Fanno Creek Village

13816 SW Fanno Creek DrTigard, OR 97223
Showing Results 1-47, 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 Village at Washington Square priced from $1,248. Capital Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Oak Creek apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Capital Park1 bed-1 bath1BR,1BA$1,250
Ridgeview Terrace1x11BR,1BA$1,250
ShenandoahOne Bedroom1BR,1BA$1,275
Royal Oaks Apartments1x1 686 SF - B1BR,1BA$1,293
fivec012BR/1.0BA2BR,1BA$1,295
Hermoso ViewStudio GStudio,1BA$1,350
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1,400
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1,450
Hunt ClubPlan A11BR,1BA$1,455

Best Value Apartments for Rent in Oak Creek, OR

As of March 29, 2025 the best value apartment in the Oak Creek area is the $1.85 price per square foot 2 bed 2 bath Model at Capital Park in the in the Far Southwest Portland neighborhood starting from $1,850. The second greatest value Oak Creek apartment is the 2x1 Model at Silver Creek Apartments-KL-11580-Y starting at $1,495 with a $1.57 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.
Capital Park2 bed 2 bath2BR,2BA$1.85
Silver Creek Apartments-KL-11580-Y2x12BR,1BA$1.57
Hampton Ridge Apartments2 Bedroom 2 Bath2BR,2BA$1.88
Gatehouse Apartments2x22BR,2BA$1.72
Tigard York2x1L2BR,1BA$1.66
9500 SW Greenburg Rd2x12BR,1BA$1.77
Fairfield Park ApartmentsUpstairs2BR,1BA$1.88
fivec012BR/1.0BA2BR,1BA$1.52
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.86
Carleton Terrace Apartments2 Bed 1 Bath2BR,1BA$1.84

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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

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 $1,455.

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

The cheapest apartment in Oak Creek is Village at Washington Square which is listed at $1,248, while the average apartment in Oak Creek costs $4,500.

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 6 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 $259 which is $4,241 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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.