Cheap Homes for Rent in Downtown Eugene Neighborhood of Eugene, OR from $900 (11 Rentals)

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

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.

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.

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 $729. 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 SotoE4x34BR,3BA$729
University Manor1BR/1.0BA1BR,1BA$865
The Rive Eugene5x55BR,5BA$1,049
Jade West Apartments1x11BR,1BA$1,185

Best Value Apartments for Rent in Downtown Eugene, OR

As of June 14, 2026 the best value apartment in the Downtown Eugene area is the $2.08 price per square foot 1777 Mill St #3 Model at 1755-1777 Mill St in the in the Laurel Hill Valley neighborhood starting from $2,800. The second greatest value Downtown Eugene apartment is the 2 Bed - D1 Model at Heartwood starting at $2,900 with a $2.49 price per square foot in the Laurel Hill Valley 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.
1755-1777 Mill St1777 Mill St #33BR,2BA$2.08
Heartwood2 Bed - D12BR,2BA$2.49
Patterson Tower2x1.5 B2BR,1.5BA$1.42
The Hayward Student LivingB3 Townhome2BR,2.5BA$0.93
The Rive Eugene4x24BR,2BA$0.91
1100 W 4th Ave2 Beds, 1 Baths2BR,1BA$2.20
Jade West Apartments1x11BR,1BA$1.39
The Standard at EugeneBuckeye - 2x22BR,2BA$1.02
High Street TerraceStudioStudio ,1BA$2.35
The Lewis & Clark1 Bedroom, 1 Bath1BR,1BA$2.42

Frequently Asked Questions about Downtown Eugene

What type of rentals are currently available in Downtown Eugene?

There are currently 484 Apartments for Rent in Downtown Eugene, OR with pricing that ranges from $500 to $3,800. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Eugene ranging from $995 to $4,695.

What is the current price range for Rental Homes in Downtown Eugene?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Eugene ranges from $995 to $4,695 with an average monthly rent of $2,200.

How much are larger Three and Four Bedroom Rentals in Downtown Eugene?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Eugene range from $700 to $2,890, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,825 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,795 and Four Bedroom Apartments start at $500.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.