A novel low-temperature, solution-phase method for the facile fabrication of a variety of one-dimensional (1D) metal/metal oxide hybrid nanostructures has been developed. This method is based on the wet chemical synthesis of metal oxide nanowires, followed by the surface coating of metal nanoparticles on metal oxide nanowire templates via reduction of metal ions along with controlled etching of metal oxide nanowires at the core, all in a low-temperature liquid environment. As a proof-of-concept, we applied this method to the fabrication of various 1D Pt/ZnO hybrid nanostructures including Pt nanoparticle-coated ZnO nanowires/nanotubes and Pt nanotubes on silicon and polymer substrates. The diverse morphology tuning is attributed to the control of pH in the solution with different metal precursor concentrations and amounts of reducing agent. The change of morphology, crystalline structure, and composition of various 1D Pt/ZnO hybrid nanostructures was observed by SEM, TEM (HRTEM), XRD and ICP-AES, respectively. Further, we have demonstrated a highly sensitive strain sensor (gauge factor = 15) with a Pt nanotube film fabricated by the developed method on a flexible polymer substrate.