Cheap Apartments for Rent in the Downtown Eugene Neighborhood of Eugene, OR from $500 (50 Rentals)

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

property at 729 E 18th Aly

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

Studio, 1 Bath Home for Rent

Available Sep 8

729 E 18th Aly

EugeneOR97401
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Patterson Tower
Rent Specials
$1,199 - $1,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,999
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Patterson Tower

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

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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Harris House
Studio to 3 Bedroom Apartments

Harris House

1825-1827 Harris StEugene, OR 97403
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Campus Studios
Studio Apartments

Campus Studios

735 E 14th AveEugene, OR 97401
Student Housing
  • Utilities Included
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Olive Terrace
Studio to 2 Bedroom Apartments

Olive Terrace

1460 Olive StEugene, OR 97401
  • Utilities Included
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Westfair Apartments
1 to 2 Bedroom Apartments

Westfair Apartments

1185 W 15th AveEugene, OR 97402
  • Utilities Included
  • Smoke Free
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Park Place Apartments
Studio to 2 Bedroom Apartments

Park Place Apartments

877 E Park 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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Rivertowne Apartments
1 to 3 Bedroom Apartments

Rivertowne Apartments

597 Country Club PkyEugene, OR 97401
  • Utilities Included
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Camelot Apartments
1 Bedroom Apartments

Camelot Apartments

800 E 18th AveEugene, OR 97401
  • Utilities Included
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THE WILDER APARTMENTS
Studio to 1 Bedroom Apartments

THE WILDER APARTMENTS

259 E 13th AveEugene, OR 97401
  • Utilities Included
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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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Hide-A-Way Apartments
3 Bedroom Apartments

Hide-A-Way Apartments

710 15th AlyEugene, OR 97401
Student Housing
  • Utilities Included
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Westwood
1 to 2 Bedroom Apartments

Westwood

1230 Ferry StEugene, OR 97401
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Ferry Street Manor
Studio to 1 Bedroom Apartments

Ferry Street Manor

1030 Ferry StEugene, OR 97401
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High Street Terrace
Studio to 2 Bedroom Apartments

High Street Terrace

1053-1057 High StEugene, OR 97401
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Stoneridge Apartments
1 to 2 Bedroom Apartments

Stoneridge Apartments

951 E 19th AveEugene, OR 97403
Student Housing
  • Utilities Included
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430 E 15th Ave
3 Bedroom Apartments

430 E 15th Ave

430 E 15th AveEugene, OR 97401
  • Utilities Included
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Patterson House
Studio to 2 Bedroom Apartments

Patterson House

979 Patterson StEugene, OR 97401
  • Utilities Included

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 1-50, Page 1 of 1

Downtown Eugene, Eugene, OR Local Guide

Cheapest Available Downtown Eugene Apartments for Rent

 

The cheapest available apartment rental in the Downtown Eugene area of Eugene, OR is a 1 Bed unit found at Harris House priced from $595. Duck Landing has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here are the most affordable Downtown Eugene apartments for rent in Eugene, OR:

Apartment ListingModel NameBed/BathPriced From
Harris House1 Beds, 1 Baths1BR,1BA$595
Duck Landing4x2 Standard Individual Room Rate4BR,2BA$699
The SotoW4x24BR,2BA$759
The Rive Eugene5x55BR,5BA$1,049
Eugene Manor Apartments1 Bedroom (Small)1BR,1BA$1,124
Patterson Tower0x1Studio,1BA$1,199
The PearlSTUDIOStudio,1BA$1,250
Union on BroadwayS3Studio,1BA$1,275
Ferry Street ManorStudio (small)Studio,1BA$1,295

Best Value Apartments for Rent in Downtown Eugene, OR

As of April 23, 2026 the best value apartment in the Downtown Eugene 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 Downtown Eugene apartment is the 1777 Mill St #3 Model at 1755-1777 Mill St starting at $2,800 with a $2.08 price per square foot in the Laurel Hill Valley neighborhood. Here is today’s list of the best values for Downtown Eugene apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Ponderosa4x24BR,2BA$1.77
1755-1777 Mill St1777 Mill St #33BR,2BA$2.08
The Sequoia3x2A3BR,2BA$2.28
Patterson Tower2x1.5 A2BR,1.5BA$1.52
MW23x2B Furnished3BR,2BA$2.01
1943 Onyx St, Unit 11943 Onyx St2BR,1BA$1.47
The Hayward Student LivingB12BR,2BA$1.20
High Street TerraceStudioStudio ,1BA$2.26
Patterson House1 Bedroom near campus with Free Wi-Fi1BR,1BA$2.52
Eugene Manor Apartments1 Bedroom (Small)1BR,1BA$2.17

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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States including Downtown Eugene, Eugene, and the greater Eugene area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Eugene Apartments

What is the Cheapest Studio apartment in Downtown Eugene?

Currently the most affordable Cheap Studio Apartment in Downtown Eugene is at Patterson Tower listed at $1,199.

How much is rent for a Cheap One Bedroom Downtown Eugene Apartment?

The lowest price for a Cheap One Bedroom Downtown Eugene Apartment is $595 at Harris House.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Eugene is starting from $925 at Duck Landing.

What is the most affordable Downtown Eugene Three Bedroom Apartment?

The best deal on a cheap Downtown Eugene 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.