Cheap Apartments for Rent in Drain, OR from $500 (42 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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Heartwood
Rent Specials
$1,529 - $3,235
Total Monthly Price

Total Monthly Price

Base Rent
$1,529 - $3,235
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Heartwood

500 Ferry StEugene, OR 97401
Furnished
  • Verified
  • Customer Reviewed

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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Patterson Tower
Rent Specials
$1,569 - $1,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,569 - $1,999
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available May 20

Patterson Tower

1080 Patterson StEugene, OR 97401
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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 Lewis & Clark
1 to 2 Bedroom Apartments

The Lewis & Clark

1414-1424 E 18th AveEugene, OR 97403
  • 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
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Ferry Street Manor
Studio to 1 Bedroom Apartments

Ferry Street Manor

1030 Ferry StEugene, OR 97401
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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

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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Oakridge
1 to 3 Bedroom Apartments

Oakridge

2511 NW Edenbower RdRoseburg, OR 97471
  • Utilities Included
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Velo
1 to 2 Bedroom Apartments

Velo

425 River RdEugene, OR 97404
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Rockwood
2 Bedroom Apartments

Rockwood

485 E 17th AveEugene, OR 97401

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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Showing Results 1-42, 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 $759. 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 SotoW4x24BR,2BA$759
Yugo Eugene Skybox3 Bed, 2 Bath Classic3BR,2BA$879
The Rive Eugene5x55BR,5BA$1,049
Eugene Manor Apartments1 Bedroom (Large)1BR,1BA$1,166
Landsby Place Retirement CommunitySmall 1 bedroom1BR,1BA$1,180
Olympic Villa ApartmentsStudio, 1 bathStudio,1BA$1,195
Woodland Creek1x11BR,1BA$1,215
Broadway PlaceHultStudio,1BA$1,218
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1BA$1,245

Best Value Apartments for Rent in Drain, OR and Nearby

As of April 28, 2026 the best value apartment in the Drain area is the $1.58 price per square foot 3x2 Model at Stone Ridge Apartments in the in the River Road Community neighborhood starting from $1,895. The second greatest value Drain apartment is the 101 Model at Saddle Butte Duplexes starting at $1,375 with a $1.20 price per square foot . 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.
Stone Ridge Apartments3x23BR,2BA$1.58
Saddle Butte Duplexes1012BR,1.5BA$1.20
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1.5BA$1.38
The Bailey At Amazon CreekGable1BR,1BA$1.80
Yugo Eugene Skybox3 Bed, 2 Bath Classic3BR,2BA$1.04
Oak Meadow2 bed 1 bath2BR,1BA$1.64
The Hayward Student LivingB12BR,2BA$1.20
Heron Meadows1Bed 1Bath1BR,1BA$1.79
Chase Village1X11BR,1BA$2.03
Arena District Apartments2BR/1BA2BR,1BA$1.79

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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Quick 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.

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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 $1,166 at Eugene Manor Apartments.

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 $925 at Duck Landing.

What is the most affordable Drain Three Bedroom Apartment?

The best deal on a cheap Drain Three Bedroom Apartment rental is at Yugo Eugene Skybox and starts from $879.

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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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.

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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.

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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.