Cheap Apartments for Rent in Eugene, OR from $500 (161 Rentals)

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

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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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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Aspire Eugene
Rent Specials
$1,309 - $1,554
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $1,554
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Aspire Eugene

2555 Willakenzie RdEugene, OR 97401
Transit Friendly
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The McKenzie
Rent Specials
$1,345 - $2,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $2,495
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

The McKenzie

2847 Tennyson AveEugene, OR 97408
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Patterson Tower
$1,349 - $1,878
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $1,878
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Studio to 2 Bedroom Apartments Available Now

Patterson Tower

1080 Patterson StEugene, OR 97401
Student Housing
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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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Riverwalk
Rent Specials
$1,421 - $3,669
Total Monthly Price

Total Monthly Price

Base Rent
$1,421 - $3,669
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Riverwalk

470 Alexander LoopEugene, OR 97401
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Farmstead
Rent Specials
$1,449 - $2,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $2,675
Total Monthly Price
$1,449 - $2,675
1 to 3 Bedroom Apartments Available Now

Farmstead

1367 Umpqua AveEugene, OR 97408
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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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Eugene, OR Local Guide

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

Cheapest Neighborhoods for Apartments in Eugene, OR

Pricing Updated: 06/11/2026

Current apartment rentals in the Eugene, OR area range in price from $500 to $3,800 with an overall median price of $2,115. The three Eugene neighborhoods with the lowest median rent pricing are Whiteaker at $950, Harlow at $599, and Friendly at $500. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Eugene Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Whiteaker$1,495$9502
Harlow$1,595$59979
Friendly$1,650$500135
Downtown Eugene$1,699$500128
Glenwood Springfield Junction$1,700$59942
Laurel Hill$1,700$500143
Laurel Hill Valley$1,700$500143
Fairmont$1,720$500157
Amazon$1,729$500157
East Campus$1,750$65050

Cheapest Available Eugene Apartments for Rent

 

The cheapest available apartment rental in Eugene, 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 Eugene 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$840
Pine Ridge Apartments1BR/1.0BA1BR,1BA$995
Kelly View Apartments1BR/1.0BA1BR,1BA$995
The Rive Eugene5x55BR,5BA$1,049
Landsby Place Retirement CommunitySmall 1 bedroom1BR,1BA$1,180
Jade West Apartments1x11BR,1BA$1,185
Eugene ManorStudio Type 1Studio,1BA$1,195
Olympic Villa ApartmentsStudio, 1 bathStudio,1BA$1,195

Best Value Apartments for Rent in Eugene, OR

As of June 11, 2026 the best value apartment in the Eugene 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 Eugene apartment is the 3 Bedroom Garden Model at Heron Club starting at $1,750 with a $1.44 price per square foot in the Cal Young neighborhood. Here is today’s list of the best values for Eugene apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Flats at Chase4X44BR,4BA$0.59
Heron Club3 Bedroom Garden3BR,2BA$1.44
Stone Ridge Apartments3x23BR,2BA$1.50
Country Club PlaceCOUNTRY CLUB LARGE 2 BEDROOM, 2 BATH FLAT W/ FI...2BR,2BA$1.49
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
Jade West Apartments1x11BR,1BA$1.39
Ducks Village2 Bedroom2BR,1BA$1.13
The Standard at EugeneBuckeye - 2x22BR,2BA$1.02

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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Eugene Overview

Snugly located in the heart of the Pacific Northwest, Eugene apartments are among some of the most desired in the great state of Oregon. From the towering natural forests that surround the city to the scenic coastline located a mere fifty miles away, Eugene effortlessly combines the best of modern city life with the gentle reflection of a more country-oriented atmosphere.

Why live in Eugene, OR?

With natural beauty to spare, Eugene offers a wonderful mix of city and country life. Quaint independent shops intermingle with larger national brand stores, and the ever-increasing number of area eateries makes Eugene a food lover's ideal. Students flock to the Eugene area, with a number of area universities available, and the live music scene is always on the upswing in this hipster haven.

Pet Friendly Lifestyle
Eugene, OR

Ranked #9

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Eugene, OR

School data provided by Great Schools

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

Explore Eugene, OR Rentals by Map

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Frequently Asked Questions about Cheap Eugene Apartments

What is a cheap apartment in Eugene?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Eugene is under $1,195.

What is the price of a cheap apartment in Eugene?

The cheapest apartment in Eugene is University Manor which is listed at $840, while the average apartment in Eugene costs $2,115.

What types of apartments are the cheapest in Eugene?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1,219 regular apartments in Eugene that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Eugene?

Cheap apartments in Eugene have an average cost of $1,127 which is $988 cheaper than the average rent for all rentals in Eugene.

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.