Cheap Apartments for Rent in the Downtown Eugene Neighborhood of Eugene, OR from $550 (87 Rentals)

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

property at 455 W 12th Ave
$795 - $995
Studio To 1 Bedroom Rentals
Available Now

455 W 12th Ave

EugeneOR97401
property at 729 E 18th Aly
$1,040

Total Monthly Price

Base Rent$1,040

Total Monthly Price$1,040
Studio, 1 Bath Home for Rent
Available Now
Furnished

729 E 18th Aly

EugeneOR97401
  • Smoke Free
property at 789 W 11th Ave
$1,195 - $2,395
1 To 3 Bedroom Rentals
Available Sep 15
Affordability

789 W 11th Ave

EugeneOR97402

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Campus Studios
Studio Apartments

Campus Studios

735 E 14th AveEugene, OR 97401
Student Housing
  • Utilities Included
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551e14
1 to 4 Bedroom Apartments

551e14

547-555 E 14th AveEugene, OR 97401

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Olive Terrace
Studio to 2 Bedroom Apartments

Olive Terrace

1460 Olive StEugene, OR 97401
  • Utilities Included
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West Town on 8th
Studio to 2 Bedroom Apartments

West Town on 8th

265 W 8th AveEugene, OR 97401
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Duck Landing
2 to 4 Bedroom Apartments

Duck Landing

1848 Hilyard StEugene, OR 97401
Student Housing
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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
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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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turner08
Studio to 1 Bedroom Apartments

turner08

1272 Willamette StEugene, OR 97401

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24214t
1 to 3 Bedroom Apartments

24214t

242 E 14thEugene, OR 97401
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500 Monroe St
1 Bedroom Apartments

500 Monroe St

500 Monroe StEugene, OR 97402
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DwyW02
2 Bedroom Apartments

DwyW02

934 Washington StEugene, OR 97401
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1161 Mill St
1 Bedroom Apartments

1161 Mill St

1161 Mill StEugene, OR 97401
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Camelot Apartments
1 Bedroom Apartments

Camelot Apartments

800 E 18th AveEugene, OR 97401
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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 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 ListingModel NameBed/BathPriced From
551e141BR/2.0BA1BR,2BA$650
Alderstreet Apartments1BR/1.0BA1BR,1BA$695
University Manor1BR/1.0BA1BR,1BA$715
Duck Flats5x3 By-the-bedroom5BR,3BA$819
The Arcade4x24BR,2BA$862
turner080BR/1.0BAStudio,1BA$1,000
Jade West ApartmentsStudioStudio,1BA$1,025
kata02 1550 High St1BR/1.0BA1BR,1BA$1,045
500 Monroe St1 Beds, 1 Baths1BR,1BA$1,050
DwyW022BR/1.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
DwyW022BR/1.0BA2BR,1BA$0.71
771w73BR/1.0BA3BR,1BA$1.30
Clairmont-Kincaid Apartments2BR/1.0BA2BR,1BA$1.61
24214t3BR/1.0BA3BR,1BA$1.83
The Arcade3x1A by the bedroom3BR,1BA$0.86
1747 Hilyard Alley3BR/1.0BA3BR,1BA$1.81
1948 Harris St, Unit #51948 Harris St2BR,1BA$1.63
pearl022BR/1.0BA2BR,1BA$1.88
Alderstreet Apartments1BR/1.0BA1BR,1BA$0.99
University Manor1BR/1.0BA1BR,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.

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Navigating 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.

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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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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

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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.

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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.

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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.

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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.