Cheap Apartments for Rent in Drain, OR from $500 (37 Rentals)

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

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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Campus Apartments
1 to 3 Bedroom Apartments

Campus Apartments

771 E 14th AveEugene, OR 97401
  • Utilities Included
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Woodland Creek
1 to 2 Bedroom Apartments

Woodland Creek

1455 Bailey Hill RdEugene, OR 97402
Corporate Housing
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1840 Garden
Studio to 1 Bedroom Apartments

1840 Garden

1838 Garden AveEugene, OR 97403

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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Ferry Street Manor
Studio to 1 Bedroom Apartments

Ferry Street Manor

1030 Ferry StEugene, OR 97401
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Oakridge
1 to 3 Bedroom Apartments

Oakridge

2511 NW Edenbower RdRoseburg, OR 97471
  • Utilities Included
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Crosswood
Studio to 2 Bedroom Apartments

Crosswood

1841 Garden AveEugene, OR 97403
Corporate Housing
  • Utilities Included
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Patterson House
Studio to 2 Bedroom Apartments

Patterson House

979 Patterson StEugene, OR 97401
  • Utilities Included

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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Showing Results 1-37, Page 1 of 1

Drain, OR Local Guide

Cheapest Available Drain Apartments for Rent and Nearby

 

The cheapest available apartment rental in Drain, OR is a 4 Beds unit found at Duck Landing in the Laurel Hill Valley neighborhood priced from $699. The Soto in the Laurel Hill Valley neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $729. Here is today’s list of the most affordable Drain apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Duck Landing4x2 Standard Individual Room Rate4BR,2BA$699
The SotoE4x34BR,3BA$729
University Manor1BR/1.0BA1BR,1BA$865
The Rive Eugene5x55BR,5BA$1,049
Landsby Place Retirement CommunitySmall 1 bedroom1BR,1BA$1,180
Eugene Manor ApartmentsStudio Type 1Studio,1BA$1,195
The Lewis & Clark1 Bedroom, 1 Bath1BR,1BA$1,195
Olympic Villa ApartmentsStudio, 1 bathStudio,1BA$1,195
Woodland Creek1x11BR,1BA$1,215
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1BA$1,245

Best Value Apartments for Rent in Drain, OR and Nearby

As of June 13, 2026 the best value apartment in the Drain area is the $0.59 price per square foot 4X4 Model at The Flats at Chase in the in the Laurel Hill Valley neighborhood starting from $879. The second greatest value Drain apartment is the 3x2 Model at Stone Ridge Apartments starting at $1,799 with a $1.50 price per square foot in the River Road Community neighborhood. Here is today’s list of the best values for Drain apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Flats at Chase4X44BR,4BA$0.59
Stone Ridge Apartments3x23BR,2BA$1.50
Saddle Butte Duplexes1012BR,1.5BA$1.20
The Hayward Student LivingB3 Townhome2BR,2.5BA$0.93
The Rive Eugene4x24BR,2BA$0.91
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1.5BA$1.38
Oak Meadow2 bed 1 bath2BR,1BA$1.64
The Standard at EugeneBuckeye - 2x22BR,2BA$1.02
Heron Meadows1Bed 1Bath1BR,1BA$1.79
Arena District Apartments2BR/1BA2BR,1BA$1.71

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Drain, OR Rentals by Map

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Frequently Asked Questions about Cheap Drain Apartments

What is the Cheapest Studio apartment in Drain?

Currently the most affordable Cheap Studio Apartment in Drain is at Olympic Villa Apartments listed at $1,195.

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

The lowest price for a Cheap One Bedroom Drain Apartment is $865 at University Manor.

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

Today's best deal for a Cheap Two Bedroom Apartment in Drain is starting from $1,159 at The Soto.

What is the most affordable Drain Three Bedroom Apartment?

The best deal on a cheap Drain Three Bedroom Apartment rental is at Stone Ridge Apartments and starts from $1,799.

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.