
Cheap Apartments for Rent in the Evergreen Neighborhood of Lake Oswego, OR from $800 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Evergreen area of Lake Oswego.


Parkridge Apartments

50 Northshore Rd

Northshore Apartments

Mercy Greenbrae

Lake Village and Lakewood Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Henley Place

Driftwood Terrace

11351 SE 27th Ave

Miramonte Lodge

North Main Village

Axletree Apartments - City Vibes, Small Town Soul
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

12331 SE Whitcomb Dr., Unit #2

Courtney Square

Stanford

Dutch Village Apartments

Park Hamlin - 2323 SE Harrison

Tara West Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Shorewood Terrace

Chestnut Place

Quail Ridge Apartments

Water's Edge Apartments

Forest Ridge

Crystal Lake
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.

The Milwaukian Apartments

PARG -Risley & East Avenue

Cherry Park Apartments - NK-2717M
Evergreen, Lake Oswego, OR Local Guide

How much does it cost to rent an apartment in Evergreen?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Evergreen Studio Apartments | $1,376 | $1,150 | $1,525 |
| Evergreen 1 Bedroom Apartments | $1,824 | $1,250 | $3,475 |
| Evergreen 2 Bedroom Apartments | $2,226 | $1,450 | $5,305 |
| Evergreen 3 Bedroom Apartments | $4,200 | $2,395 | $6,005 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Evergreen Neighborhood of Lake Oswego, OR.
See all Apartments in Lake OswegoExplore Lake Oswego
Evergreen, Lake Oswego, OR Local Guide
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Cheapest Available Evergreen Apartments for Rent
 The cheapest available apartment rental in the Evergreen area of Portland, OR is a Studio unit found at Henley Place priced from $1,230. Driftwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Evergreen apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Henley Place | The Maple | Studio,1BA | $1,230 |
| Driftwood Terrace | 1x1 | 1BR,1BA | $1,250 |
| Miramonte Lodge | Morrison | Studio,1BA | $1,267 |
| Park Hamlin - 2323 SE Harrison | 1BR/1.0BA | 1BR,1BA | $1,295 |
| Axletree Apartments - City Vibes, Small Town Soul | KELLOGG 1 | Studio,1BA | $1,350 |
| Parkridge Apartments | 1 bed/1 bath | 1BR,1BA | $1,399 |
| Lake Village and Lakewood Apartments | 2 X 1 No patio | 2BR,1BA | $1,450 |
| Overlook at the Willamette | One Bedroom | 1BR,1BA | $1,530 |
| Oak Grove Terraces | 2 bed 1 bath upper | 2BR,1BA | $1,599 |
Best Value Apartments for Rent in Evergreen, OR
As of February 01, 2026 the best value apartment in the Evergreen area is the $1.67 price per square foot 2BR/1.0BA Model at Images Springcreek Apartments in the in the Eastmoreland neighborhood starting from $1,695. The second greatest value Evergreen apartment is the 2 Bedroom / 1.0 Bath townhome Model at Tara West Apartments starting at $1,600 with a $1.59 price per square foot in the Glenmorrie neighborhood. Here is today’s list of the best values for Evergreen apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Images Springcreek Apartments | 2BR/1.0BA | 2BR,1BA | $1.67 |
| Tara West Apartments | 2 Bedroom / 1.0 Bath townhome | 2BR,1.5BA | $1.59 |
| 12331 SE Whitcomb Dr., Unit #2 | 12331 SE Whitcomb Dr. | 2BR,1.5BA | $1.66 |
| Oak Grove Terraces | 2 bed 1 bath upper | 2BR,1BA | $2.05 |
| Lake Village and Lakewood Apartments | 2x1 | 2BR,1BA | $2.06 |
| 1691 Parrish St, Unit Your home away from home | 1691 Parrish St | 1BR,1BA | $2.56 |
| Overlook at the Willamette | One Bedroom | 1BR,1BA | $2.23 |
| Driftwood Terrace | 1x1 | 1BR,1BA | $1.92 |
| Park Hamlin - 2323 SE Harrison | 1BR/1.0BA | 1BR,1BA | $2.50 |
| Miramonte Lodge | Morrison | Studio ,1BA | $2.62 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Best Local Schools in Evergreen, Lake Oswego, OR
Forest Hills Elementary School
Lake Oswego Senior High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across Oregon including Evergreen, Lake Oswego, and the greater Portland area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, apartment communities for the kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Evergreen Apartments
What is a cheap apartment in Evergreen?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Evergreen is under $1,599.
What is the price of a cheap apartment in Evergreen?
The cheapest apartment in Evergreen is Driftwood Terrace which is listed at $1,250, while the average apartment in Evergreen costs $4,200.
What types of apartments are the cheapest in Evergreen?
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 12 regular apartments in Evergreen that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
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.
Helpful Local Expert Guides

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.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.