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Price range: $2,150 - $5,699 / mo
Total units: 206 (12 available for rent)
Year built: 2020
Managed by: Greystar
Age restrictions: No Age Restrictions
Pets allowed: Yes with restrictions
Gated: Yes

About Mercato Grove

Mercato Grove is a wellness-focused luxury apartment community in Lake Oswego, Oregon, located in the Waluga neighborhood at the intersection of resort-style living and everyday convenience. With an unusually deep amenity package, on-site dining and retail, and studio through three-bedroom floor plans, the community is designed around balance, connection, and a vibrant daily lifestyle.

Mercato Grove Amenities

Residents at Mercato Grove have access to one of the most comprehensive amenity lineups in the Portland metro. Indoor amenities include a modern fitness studio and wellness room, an aromatherapy steam room, a golf and sports simulator, a maker's kitchen and craft space, a library parlor and fireside whiskey lounge, an arcade and game room, a mini crafter room, co-working office spaces and private banquettes, a swap-and-share community pantry and a pet spa. Outdoor amenities include a resort-style pool with a sun shelf, an outdoor lounge with grills and a fire pit, a tranquil duck habitat, bike storage and repair stations, and EV charging stations. Onsite dining, retail, and wellness services give residents walkable access to daily needs without leaving the property.

Mercato Grove Apartment Homes

Mercato Grove offers studio, one-, two-, and three-bedroom apartments and townhomes ranging from 507 to 1,904 square feet with one to two-and-a-half bathrooms. Select plans include a den. All homes feature three-quarter floor-to-ceiling windows, herringbone floors, matte champagne hardware, quartz countertops, white subway tile, black stainless-steel KitchenAid gas appliances, glass-front showers with rainfall shower heads, a customizable Elfa closet system, in-unit washer and dryer, and keyless entry. Furnished homes are available through the CORT Furniture rental program.

Mercato Grove Lifestyle

Residents at Mercato Grove enjoy an active lifestyle anchored by the community's resort-style amenity campus and vibrant programming. The combination of the golf simulator, fitness studio, maker space, co-working lounges, and on-site dining and wellness services is designed to make daily life both effortless and enriching, with everything residents need for work, wellness, and socializing built into the property.

Lake Oswego, OR Area

Mercato Grove is located at 4055 Mercantile Drive in Lake Oswego, one of the Portland metro's most desirable communities, known for its tree-lined streets, walkable neighborhoods, excellent schools, and strong sense of civic identity. The Waluga neighborhood puts residents in a quieter residential pocket while keeping the broader Lake Oswego commercial corridor and the city's lakefront areas within easy reach.

For everyday shopping and dining, Lake Oswego's Boones Ferry Road and Kruse Way corridors offer a range of grocery, pharmacy, and restaurant options, with New Seasons Market, Trader Joe's, and Whole Foods all accessible within a short drive. Lake Oswego's downtown on A Avenue is a walkable destination with local restaurants, boutiques, coffee shops, and a farmers market.

Healthcare in the area is strong, with Providence Willamette Falls Medical Center in nearby Oregon City and OHSU and Legacy Health facilities accessible via I-205 and Highway 43.

Oswego Lake, at the heart of the city, offers swimming, kayaking, and a relaxed waterfront social scene for residents with beach club access. George Rogers Park along the Willamette River provides additional hiking and outdoor space close to home.

Downtown Portland is approximately 10 miles north, putting residents within easy reach of the city's acclaimed restaurant scene, cultural institutions, professional sports, and Powell's Books — the country's largest independent bookstore. Portland International Airport is about 20 miles away for domestic and international travel.

Mercato Grove Rental Experts

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Units for Rent in Mercato Grove

$2,150 - $2,202 Base rent from $2,150

1 bed|1 bath|737 sq ft

C1
$2,375 - $2,556 Base rent from $2,375

1 bed|1 bath|833 sq ft

C4
$2,400 Base rent from $2,400

1 bed|1 bath|842 sq ft

D1.2 - Den
$2,627 Base rent from $2,627

1 bed|1 bath|873 sq ft

D3 - Den
$3,065 Base rent from $3,065

2 beds|2 baths|1,075 sq ft

F1

Units for Rent in Mercato Grove

$2,150 - $2,202 Base rent from $2,150

1 bed|1 bath|737 sq ft

C1
$2,375 - $2,556 Base rent from $2,375

1 bed|1 bath|833 sq ft

C4
$2,400 Base rent from $2,400

1 bed|1 bath|842 sq ft

D1.2 - Den
$2,627 Base rent from $2,627

1 bed|1 bath|873 sq ft

D3 - Den
$3,065 Base rent from $3,065

2 beds|2 baths|1,075 sq ft

F1
$3,299 Base rent from $3,299

2 beds|1.5 baths|986 sq ft

E1
$3,832 Base rent from $3,832

2 beds|2 baths|1,198 sq ft

F7
$4,010 Base rent from $4,010

2 beds|2 baths|1,126 sq ft

F11
$4,350 Base rent from $4,350

2 beds|2 baths|1,340 sq ft

G1
$5,699 Base rent from $5,699

3 beds|2.5 baths|1,897 sq ft

H8

Showing 12 available units

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Property Map

Click on any highlighted unit to see its pricing, availability, and other details.

Beds: Any

STUDIO

1 BEDROOM

2 BEDROOM

3 BEDROOM

Costs & Fees

Monthly costs & fees

Required

Utility - Electric - Third Party Usage-Based (Utilities)
Common Area - Gas Usage-Based (Utilities)
Trash Services - Hauling Varies per occurrence
Utility - Water/Sewer Usage-Based (Utilities)
Renters Liability Insurance - Third Party Varies per leaseholder

Optional

Parking $185 - $235
Parking - Covered $205 - $250
Pet Rent $55 / pet
Storage Space - Bicycle $15
Storage Space Rental $150

One-time fees

Required

Application Fee $50 / applicant Due at application
Security Deposit (Refundable) $500 Due at move-in

Optional

Pet Deposit (Refundable) $300 / pet Due at move-in

Situational fees

Access Device - Replacement $5 - $100 / device
Common Area/Clubhouse Rental $25 - $200
Guest Suite Rental $150 - $250 / night
Late Fee $150
Legal/Eviction Fees Varies per occurrence
Noncompliance Fee - OR $50 - $250
Returned Payment Fee (NSF) $35
Security Deposit - Additional (Refundable) Varies per occurrence
Early Lease Termination/Cancellation 150% of base rent

Total monthly leasing prices include base rent, all mandatory monthly fees and any user-selected optional fees. Excludes variable or usage-based fees and required charges due at or prior to move-in or at move-out.

Lease Terms & Policies

Lease Term

Contact property manager for details
Deposit and fees: Contact property manager for details

Pet Policy

Pets are allowed

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Mercato Grove Rental Experts

Want to learn more about Mercato Grove?

55places has rental experts who can answer your questions, take you on a tour, and help you find the perfect home.

Get started today with your personalized 55+ search experience!

Global - Lead Form - Buyer Only

First Name

Last Name

Phone/Mobile

Text

Yes, I want to subscribe to email updates from 55places.com, including newsletters, community announcements, and more.

I agree to receive SMS messages to connect me with a local expert.

*55places does not provide or maintain community HOA information.

Models in Mercato Grove

Studio - Apartment Homes

Bed

1 Bath

507 Sq Ft

1BR / 1 BA - A - Apartment Homes

1 Bed

1 Bath

545 - 676 Sq Ft

Amenities

Clubhouse/Amenity Center
Multipurpose Room
Fitness Center
Steam Room/Sauna
Spa
Lounge

Lifestyle

Game Night
Happy Hours
Holiday Events
Social Events
Social Gatherings
Swimming

Reviews

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Mercato Grove Rental Experts

Want to learn more about Mercato Grove?

55places has rental experts who can answer your questions, take you on a tour, and help you find the perfect home.

Get started today with your personalized 55+ search experience!

Global - Lead Form - Buyer Only

First Name

Last Name

Phone/Mobile

Text

Yes, I want to subscribe to email updates from 55places.com, including newsletters, community announcements, and more.

I agree to receive SMS messages to connect me with a local expert.

*55places does not provide or maintain community HOA information.

Unit	Total Price	Base Rent	Lease Term	Availability

Mercato Grove - Lake Oswego, OR

About Mercato Grove

Mercato Grove Amenities

Mercato Grove Apartment Homes

Mercato Grove Lifestyle

Lake Oswego, OR Area

Mercato Grove Rental Experts

Units for Rent in Mercato Grove

Units for Rent in Mercato Grove

Property Map