Cheap Apartments for Rent in Drain, OR from $500 (17 Rentals)

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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.

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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1840 Garden
Studio to 1 Bedroom Apartments

1840 Garden

1838 Garden AveEugene, OR 97403
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The Lewis & Clark
1 to 2 Bedroom Apartments

The Lewis & Clark

1414-1424 E 18th AveEugene, OR 97403
  • 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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Woodland Creek
1 to 2 Bedroom Apartments

Woodland Creek

1455 Bailey Hill RdEugene, OR 97402
Corporate Housing
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Ferry Street Manor
Studio to 1 Bedroom Apartments

Ferry Street Manor

1030 Ferry StEugene, OR 97401

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 $930. 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$930
The Rive Eugene5x55BR,5BA$1,049
Olympic Villa ApartmentsStudio, 1 bathStudio,1BA$1,050
1840 GardenStudio KStudio,1BA$1,125

Best Value Apartments for Rent in Drain, OR and Nearby

As of March 10, 2026 the best value apartment in the Drain area is the $1.77 price per square foot 4x2 Model at The Ponderosa in the in the Fairmont neighborhood starting from $2,850. The second greatest value Drain apartment is the 3x2 Model at Stone Ridge Apartments starting at $1,895 with a $1.58 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 Ponderosa4x24BR,2BA$1.77
Stone Ridge Apartments3x23BR,2BA$1.58
Saddle Butte Duplexes1012BR,1.5BA$1.20
The Hayward Student LivingC13BR,3BA$0.81
Somerset VillasB-1 / with attached garage2BR,2BA$1.84
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1.5BA$1.38
The Bailey At Amazon CreekGable1BR,1BA$1.92
Heron Meadows1Bed 1Bath1BR,1BA$1.79
Chase Village1X11BR,1BA$1.82
Arena District Apartments2BR/1BA2BR,1BA$1.80

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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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 Olympic Villa Apartments listed at $1,050.

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

The lowest price for a Cheap One Bedroom Drain Apartment is $1,180 at Landsby Place Retirement Community.

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 The Soto and starts from $1,215.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.