Sensors that can accurately assess oxygen (O2) concentrations in real time are crucial for a wide range of applications spanning personal health monitoring, environmental protection, and industrial process development. Here a high‐performance chemiresistive sensor that allows for the rapid detection of O2 at room temperature under visible light illumination is described. Inspired by the operating principles of dye‐sensitized solar cells, the chemiresistor is based on a single‐walled carbon nanotube‐titania hybrid (SWCNT‐TiO2) bearing a molecular Re‐based photosensitizer [(Pbpy)(CO)3ReBr] (Pbpy = 4,4′‐[P(O)(OH)2]2‐2,2′‐bipyridine). The resulting SWCNT‐TiO2‐Re composite undergoes photoinduced charge transfer that is sensitive to ppb levels of O2, thereby yielding a rapid and reversible chemiresistive response. Owing to its unique mode of operation and robust components, the sensor shows a high degree of selectivity for O2 over a range of interferants, humidity tolerance, and multimonth benchtop stability. The approach presented herein demonstrates the translatability of concepts in light harvesting to the development of robust, rapid, and low‐power sensing technologies.