
Cheap Apartments for Rent in the Downtown Eugene Neighborhood of Eugene, OR from $550 (87 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Eugene area of Eugene.


455 W 12th Ave

1014 W 11th Ave

1137 Washington St

729 E 18th Aly

640 E 16th Alley

765 E 18th Alley

876 1/2-1470 1/2 Lawrence St

789 W 11th Ave

1668 Ferry St
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.

11th and Ferry Lofts

Hide-A-Way Apartments

Total Monthly Price
1948 Harris St, Unit #5

628 E 16th Alley

626 E 16th Alley

1370 High St, Unit Apt #B

Broadway Place

35 Club Apartments

1695 Patterson Street

608 E 15th Alley
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.

1370 High St, Unit Apt #A

1531 1/2-1135 1/2 Mill St

320-320 1/2 Clark St

183 E 19th Ave

1508-1510 Washington St

1747 Hilyard St

1635 Patterson Alley

West University Quads

Campus Studios

551e14
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.

Olive Terrace

West Town on 8th

Duck Landing

Westfair Apartments

Park Place Apartments

Market District Commons

Rivertowne Apartments

Ferry Street Flats - Historical Access II

turner08

Jade West Apartments
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.

kata02 1550 High St

Hilyard House Apartments

24214t

500 Monroe St

DwyW02

1161 Mill St

427 Washington St

576 E 16th Ave

235 E 2nd Ave

Camelot Apartments
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.
Downtown Eugene, Eugene, OR Local Guide

How much does it cost to rent an apartment in Downtown Eugene?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Eugene Studio Apartments | $1,564 | $1,095 | $2,450 |
| Downtown Eugene 1 Bedroom Apartments | $1,683 | $715 | $3,800 |
| Downtown Eugene 2 Bedroom Apartments | $1,815 | $699 | $3,650 |
| Downtown Eugene 3 Bedroom Apartments | $1,425 | $743 | $2,800 |
| Downtown Eugene 4 Bedroom Apartments | $1,224 | $689 | $3,450 |
| Downtown Eugene 5 Bedroom Apartments | $1,265 | $750 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 87 rentals with your search options within a 1 mile radius of the Downtown Eugene Neighborhood of Eugene, OR.
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Downtown Eugene, Eugene, OR Local Guide
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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 551e14 priced from $650. Alderstreet Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Downtown Eugene apartments for rent in Eugene, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 551e14 | 1BR/2.0BA | 1BR,2BA | $650 |
| Alderstreet Apartments | 1BR/1.0BA | 1BR,1BA | $695 |
| University Manor | 1BR/1.0BA | 1BR,1BA | $715 |
| Duck Flats | 5x3 By-the-bedroom | 5BR,3BA | $819 |
| The Arcade | 4x2 | 4BR,2BA | $862 |
| turner08 | 0BR/1.0BA | Studio,1BA | $1,000 |
| Jade West Apartments | Studio | Studio,1BA | $1,025 |
| kata02 1550 High St | 1BR/1.0BA | 1BR,1BA | $1,045 |
| 500 Monroe St | 1 Beds, 1 Baths | 1BR,1BA | $1,050 |
| DwyW02 | 2BR/1.0BA | 2BR,1BA | $1,050 |
Best Value Apartments for Rent in Downtown Eugene, OR
As of September 06, 2026 the best value apartment in the Downtown Eugene area is the $0.71 price per square foot 2BR/1.0BA Model at DwyW02 in the in the Fairmont neighborhood starting from $1,050. The second greatest value Downtown Eugene apartment is the 3BR/1.0BA Model at 771w7 starting at $1,295 with a $1.30 price per square foot in the Downtown Eugene neighborhood. Here is today’s list of the best values for Downtown Eugene apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| DwyW02 | 2BR/1.0BA | 2BR,1BA | $0.71 |
| 771w7 | 3BR/1.0BA | 3BR,1BA | $1.30 |
| Clairmont-Kincaid Apartments | 2BR/1.0BA | 2BR,1BA | $1.61 |
| 24214t | 3BR/1.0BA | 3BR,1BA | $1.83 |
| The Arcade | 3x1A by the bedroom | 3BR,1BA | $0.86 |
| 1747 Hilyard Alley | 3BR/1.0BA | 3BR,1BA | $1.81 |
| 1948 Harris St, Unit #5 | 1948 Harris St | 2BR,1BA | $1.63 |
| pearl02 | 2BR/1.0BA | 2BR,1BA | $1.88 |
| Alderstreet Apartments | 1BR/1.0BA | 1BR,1BA | $0.99 |
| University Manor | 1BR/1.0BA | 1BR,1BA | $1.52 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick 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.
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 a cheap apartment in Downtown Eugene?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Eugene is under $1,050.
What is the price of a cheap apartment in Downtown Eugene?
The cheapest apartment in Downtown Eugene is 551e14 which is listed at $650, while the average apartment in Downtown Eugene costs $1,395.
What types of apartments are the cheapest in Downtown 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 50 regular apartments in Downtown 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 Downtown Eugene?
Cheap apartments in Downtown Eugene have an average cost of $1,009 which is $386 cheaper than the average rent for all rentals in Downtown 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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.