Cheap Apartments for Rent in Corvallis, OR from $500 (105 Rentals)

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Search the lowest-cost Apartments available for rent right now in Corvallis.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Veri at Timberhill
Rent Specials
$1,395 - $1,845
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,845
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Veri at Timberhill

2380 NW Rolling Green DrCorvallis, OR 97330
Pet Friendly
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property at 1035 NW 27th St

$1,480

Total Monthly Price

Total Monthly Price

Base Rent
$1,480
Total Monthly Price
$1,480

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1035 NW 27th St, Unit A, Unit A

1035 NW 27th St
CorvallisOR97330

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.

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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.

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property at 230 NW 15th St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Townhome for Rent

Available Jul 26

230 NW 15th St

CorvallisOR97330

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.

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Corvallis, OR Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Corvallis Apartments for Rent

 

The cheapest available apartment rental in Corvallis, OR is a 1 Bed unit found at Julian Hotel priced from $734. Lancaster Bridge has the second lowest priced unit, which is a 3 Beds apartment currently listed from $868. Here is today’s list of the most affordable Corvallis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Julian Hotel1 Bedroom 1 Bath - PBS81BR,1BA$734
Lancaster Bridge3 Bedrooms 1.5 Baths3BR,1BA$868
The Vicinity2.S2BR,1BA$1,000
The Riviera1BR 1 Bath1BR,1BA$1,250
112-960 NW Hayes2BR/1.0BA2BR,1BA$1,295
Park PlazaStudioStudio,1BA$1,300
Witham Hill OaksGarden Style - One Bedroom1BR,1BA$1,321
Executive PlazaExPlaza2BR,1BA$1,350
The Park at Fifth1 Bed 6351BR,1BA$1,363

Best Value Apartments for Rent in Corvallis, OR

As of May 05, 2026 the best value apartment in the Corvallis area is the $1.50 price per square foot 624 NW 11th St Model at 624 NW 11th St, Unit 4 Upstairs Main House in the starting from $1,650. The second greatest value Corvallis apartment is the 3 Bedrooms 1.5 Baths Model at Lancaster Bridge starting at $868 with a $0.81 price per square foot . Here is today’s list of the best values for Corvallis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
624 NW 11th St, Unit 4 Upstairs Main House624 NW 11th St2BR,1BA$1.50
Lancaster Bridge3 Bedrooms 1.5 Baths3BR,1.5BA$0.81
Conifer PlaceTwo Bed Two Bath B2BR,2BA$1.81
Yugo Corvallis Domain2 Bed, 2 Bath2BR,2BA$1.22
Crystal Lake Apartments2BR 2 Bath2BR,2BA$1.70
Executive PlazaExPlaza2BR,1BA$1.55
North Pointe2b1ba2BR,1BA$1.77
1035 NW 27th St, Unit B1035 NW 27th St2BR,1BA$1.81
112-960 NW Hayes2BR/1.0BA2BR,1BA$1.85
Julian Hotel1 Bedroom 1 Bath - PBS81BR,1BA$1.47

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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.

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Cash 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.

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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.

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Corvallis Overview

Scenically located in the central-western part of the state, Corvallis is home to over 50,000 proud residents as well as the lauded Oregon State University. Combining plenty of north-west charm to spare and a budding regional economy, this on-the-rise city is an excellent locale to consider for anyone in the market for a new home.

Why live in Corvallis, OR?

Offering plenty of the nature beauty that Oregon is famous for, Corvallis apartments make a fantastic option for anyone eager to discover all that the north-west has to offer. From a budding and artist-friendly downtown scene, to a variety of pleasing eateries and retail shopping options, this charming 'little big city' is an ideal setting for both college students and young-at-heart working professionals and families. With Portland and Eugene job markets both a short commute away, Corvallis is a near-perfect spot for life in the great state of Oregon.

Corvallis, OR
Population: 58,641

Ranked #651

in US Census Population by City

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Best Local Schools in
Corvallis, OR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Corvallis, OR Rentals by Map

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See the most popular apartments and homes in Corvallis, OR

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Frequently Asked Questions about Cheap Corvallis Apartments

What is the Cheapest Studio apartment in Corvallis?

Currently the most affordable Cheap Studio Apartment in Corvallis is at Park Plaza listed at $1,300.

How much is rent for a Cheap One Bedroom Corvallis Apartment?

The lowest price for a Cheap One Bedroom Corvallis Apartment is $734 at Julian Hotel.

What is the lowest price for a Cheap Two Bedroom Corvallis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Corvallis is starting from $1,000 at The Vicinity.

What is the most affordable Corvallis Three Bedroom Apartment?

The best deal on a cheap Corvallis Three Bedroom Apartment rental is at Lancaster Bridge and starts from $868.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.