Cheap Apartments for Rent in Drain, OR from $400 (36 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Patterson Tower
Rent Specials
$1,349 - $1,640
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $1,640
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Aug 7

Patterson Tower

1080 Patterson StEugene, OR 97401
Student Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Ferry Street Manor
Studio to 1 Bedroom Apartments

Ferry Street Manor

1030 Ferry StEugene, OR 97401
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Patterson House
Studio to 2 Bedroom Apartments

Patterson House

979 Patterson StEugene, OR 97401
  • Utilities Included
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Crosswood
Studio to 2 Bedroom Apartments

Crosswood

1841 Garden AveEugene, OR 97403
Corporate Housing
  • Utilities Included

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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Showing Results 1-36, 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 The Soto in the Laurel Hill Valley neighborhood priced from $699. Duck Landing in the Laurel Hill Valley neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Drain apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The SotoE4x24BR,2BA$699
Duck Landing4x2 Standard Individual Room Rate4BR,2BA$699
University Manor1BR/1.0BA1BR,1BA$770
The Rive Eugene4x44BR,4BA$869
11th and Ferry LoftsB2 (Studio)Studio,1BA$1,175
Landsby Place Retirement CommunitySmall 1 bedroom1BR,1BA$1,180
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 July 28, 2026 the best value apartment in the Drain area is the $0.77 price per square foot 3X3 Model at The Flats at Chase in the in the Laurel Hill Valley neighborhood starting from $919. The second greatest value Drain apartment is the 4x4 Model at The Rive Eugene starting at $869 with a $0.73 price per square foot in the Laurel Hill Valley 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 Chase3X33BR,3BA$0.77
The Rive Eugene4x44BR,4BA$0.73
Saddle Butte Duplexes1012BR,1.5BA$1.20
The Hayward Student LivingB3 Townhome2BR,2.5BA$0.93
Oakridge2x1 Second Floor and Top Floor2BR,1BA$1.65
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1.5BA$1.38
The Arcade3x1A by the bedroom3BR,1BA$0.86
Oak Meadow2 bed 1 bath2BR,1BA$1.64
The Standard at EugeneBuckeye - 2x22BR,2BA$1.05
Arena District Apartments2BR/1BA2BR,1BA$1.56

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!

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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 11th and Ferry Lofts listed at $1,175.

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

The lowest price for a Cheap One Bedroom Drain Apartment is $770 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 $800 at University Manor.

What is the most affordable Drain Three Bedroom Apartment?

The best deal on a cheap Drain Three Bedroom Apartment rental is at Hide-A-Way Apartments and starts from $1,295.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.