
Cheap Apartments for Rent in the Downtown Eugene Neighborhood of Eugene, OR from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Eugene area of Eugene.


1080 Patterson St

614 E 15th Ave

1668 Ferry St

1645 Mill St

1825 University St

1611 Ferry Alley
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.

Campus Apartments

1793 Patterson Alley

455 E 13th Ave

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
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.

mcno01 457 W. 8th Ave

Camelot Apartments

THE WILDER APARTMENTS

Eugene Manor Apartments

Hide-A-Way Apartments

The Lewis & Clark

High Street Terrace
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.

Westwood

Ferry Street Manor

Stoneridge Apartments
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 | $1,537 | $950 | $2,561 |
| Downtown Eugene 1 Bedroom Apartments | $1,842 | $1,095 | $3,800 |
| Downtown Eugene 2 Bedroom Apartments | $1,912 | $699 | $3,370 |
| Downtown Eugene 3 Bedroom Apartments | $1,496 | $700 | $2,800 |
| Downtown Eugene 4 Bedroom Apartments | $1,283 | $500 | $3,860 |
| Downtown Eugene 5 Bedroom Apartments | $1,146 | $500 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 31 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Duck Landing | 4x2 Standard Individual Room Rate | 4BR,2BA | $699 |
| The Soto | W4x2 | 4BR,2BA | $930 |
| The Rive Eugene | 5x5 | 5BR,5BA | $1,049 |
| Eugene Manor Apartments | Studio Type 1 | Studio,1BA | $1,179 |
| High Street Terrace | Studio | Studio,1BA | $1,235 |
| Union on Broadway | S3 | Studio,1BA | $1,275 |
| Ferry Street Manor | Studio (small) | Studio,1BA | $1,297 |
| 35 Club Apartments | Studio A-B | Studio,1BA | $1,345 |
| Patterson Tower | 1x1 B | 1BR,1BA | $1,349 |
| Broadway Place | Hult | Studio,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 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 |
| The Sequoia | 3x2A | 3BR,2BA | $2.28 |
| The Hayward Student Living | C2 | 3BR,3BA | $0.80 |
| Patterson Tower | 1x1 B | 1BR,1BA | $2.10 |
| High Street Terrace | Studio | Studio ,1BA | $2.15 |
| Patterson House | 1 Bedroom near campus with Free Wi-Fi | 1BR,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.
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 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

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.

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.

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.