
Cheap Apartments for Rent in the Downtown Eugene Neighborhood of Eugene, OR from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Eugene area of Eugene.


1020 Jefferson St

1668 Ferry St

312-316 E 16th Ave

893 W 5th Ave

1611 Ferry Alley

1615 Ferry Alley

Campus 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.

1613 Ferry Alley

1825 University St

455 E 13th Ave

Patterson Tower

MW2

West University Quads

Campus Studios

Harris House
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.

Olive Terrace

Westfair Apartments

Park Place Apartments

Rivertowne Apartments

Ferry Street Flats - Historical Access II

Jade West Apartments

Hilyard House Apartments

mcno01 457 W. 8th Ave
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.

Camelot Apartments

THE WILDER APARTMENTS

Hide-A-Way Apartments

The Lewis & Clark

Eugene Manor Apartments

High Street Terrace

Westwood

Stoneridge Apartments
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.
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 | $1,529 | $930 | $2,450 |
| Downtown Eugene 1 Bedroom Apartments | $1,822 | $950 | $3,800 |
| Downtown Eugene 2 Bedroom Apartments | $1,855 | $699 | $3,374 |
| Downtown Eugene 3 Bedroom Apartments | $1,609 | $700 | $3,000 |
| Downtown Eugene 4 Bedroom Apartments | $1,376 | $500 | $3,450 |
| Downtown Eugene 5 Bedroom Apartments | $1,191 | $500 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 32 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
- Nearby Eugene neighborhoods
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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 Harris House priced from $675. Capri Apartments at Eugene 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Harris House | 1 Beds, 1 Baths | 1BR,1BA | $675 |
| Capri Apartments at Eugene | Campus Court 4 Bedroom | 4BR,1BA | $699 |
| Duck Landing | 4x2 Standard Individual Room Rate | 4BR,2BA | $699 |
| The Soto | W4x2 | 4BR,2BA | $930 |
| Eugene Manor Apartments | Studio Type 1 | Studio,1BA | $1,197 |
| High Street Terrace | Studio | Studio,1BA | $1,199 |
| Union on Broadway | S1 | Studio,1BA | $1,249 |
| The Pearl | STUDIO | Studio,1BA | $1,250 |
| Campus Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,250 |
| Patterson Tower | 1x1 D | 1BR,1BA | $1,299 |
Best Value Apartments for Rent in Downtown Eugene, OR
As of January 20, 2026 the best value apartment in the Downtown Eugene area is the $1.97 price per square foot 5x3 Model at Duck Flats in the in the Laurel Hill Valley neighborhood starting from $4,099. The second greatest value Downtown Eugene apartment is the 4x2 Model at The Ponderosa starting at $2,850 with a $1.77 price per square foot in the Fairmont 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. |
|---|---|---|---|
| Duck Flats | 5x3 | 5BR,3BA | $1.97 |
| The Ponderosa | 4x2 | 4BR,2BA | $1.77 |
| The Andy | 4X3 | 4BR,3BA | $2.16 |
| 1755-1777 Mill St | 1777 Mill St #3 | 3BR,2BA | $2.08 |
| The Hawthorne | 2x1.5 | 2BR,1.5BA | $1.57 |
| Rockwood | 2br/2ba | 2BR,2BA | $1.38 |
| The Hayward Student Living | C1 | 3BR,3BA | $0.70 |
| Campus Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.83 |
| Patterson Tower | 1x1 B | 1BR,1BA | $2.10 |
| High Street Terrace | Studio | Studio ,1BA | $2.09 |
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 ArticleThe 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.
Read ArticleCash 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.
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 the Cheapest Studio apartment in Downtown Eugene?
Currently the most affordable Cheap Studio Apartment in Downtown Eugene is at Eugene Manor Apartments listed at $1,197.
How much is rent for a Cheap One Bedroom Downtown Eugene Apartment?
The lowest price for a Cheap One Bedroom Downtown Eugene Apartment is $675 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 Capri Apartments at Eugene and starts from $740.
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

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!