Cheap Apartments for Rent in the Downtown Eugene Neighborhood of Eugene, OR from $500 (31 Rentals)

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

property at 1645 Mill St

$1,095 - $1,800

1 To 2 Bedroom Rentals

Available Now

1645 Mill St

EugeneOR97401

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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Campus Studios
Studio Apartments

Campus Studios

735 E 14th AveEugene, OR 97401
Student Housing
  • Utilities Included
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Harris House
Studio to 3 Bedroom Apartments

Harris House

1825-1827 Harris StEugene, OR 97403

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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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
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Rivertowne Apartments
1 to 3 Bedroom Apartments

Rivertowne Apartments

597 Country Club PkyEugene, OR 97401
  • 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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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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Hide-A-Way Apartments
3 Bedroom Apartments

Hide-A-Way Apartments

710 15th AlyEugene, OR 97401
Student Housing
  • 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
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High Street Terrace
Studio to 2 Bedroom Apartments

High Street Terrace

1053-1057 High StEugene, OR 97401

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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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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Stoneridge Apartments
1 to 2 Bedroom Apartments

Stoneridge Apartments

951 E 19th AveEugene, OR 97403
Student Housing
  • Utilities Included

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 4 Beds unit found at Duck Landing priced from $699. The Soto has the second lowest priced unit, which is a 4 Beds apartment currently listed from $930. Here are the most affordable Downtown Eugene apartments for rent in Eugene, OR:

Apartment ListingModel NameBed/BathPriced From
Duck Landing4x2 Standard Individual Room Rate4BR,2BA$699
The SotoW4x24BR,2BA$930
The Rive Eugene5x55BR,5BA$1,049
Eugene Manor ApartmentsStudio Type 1Studio,1BA$1,179
High Street TerraceStudioStudio,1BA$1,235
Union on BroadwayS3Studio,1BA$1,275
Ferry Street ManorStudio (small)Studio,1BA$1,297
35 Club ApartmentsStudio A-BStudio,1BA$1,345
Patterson Tower1x1 B1BR,1BA$1,349
Broadway PlaceHultStudio,1BA$1,352

Best Value Apartments for Rent in Downtown Eugene, OR

As of March 07, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Duck Flats5x35BR,3BA$1.97
The Ponderosa4x24BR,2BA$1.77
The Andy4X34BR,3BA$2.16
1755-1777 Mill St1777 Mill St #33BR,2BA$2.08
The Hawthorne2x1.52BR,1.5BA$1.57
The Sequoia3x2A3BR,2BA$2.28
The Hayward Student LivingC23BR,3BA$0.80
Patterson Tower1x1 B1BR,1BA$2.10
High Street TerraceStudioStudio ,1BA$2.15
Patterson House1 Bedroom near campus with Free Wi-Fi1BR,1BA$2.52

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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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 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 $1,352.

What is the price of a cheap apartment in Downtown Eugene?

The cheapest apartment in Downtown Eugene is Eugene Manor Apartments which is listed at $1,198, while the average apartment in Downtown Eugene costs $7,500.

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 149 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 $1,180 which is $6,320 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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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.

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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.

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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.

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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.