Cheap Homes for Rent in Oak Creek Neighborhood of Lake Oswego, OR from $1,200 (11 Rentals)

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

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

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

Best Value Apartments for Rent in Oak Creek, OR

As of March 28, 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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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 $542 to $10,000. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Creek ranging from $1,200 to $6,900.

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 $1,200 to $6,900 with an average monthly rent of $2,734.

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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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.