Cheap Homes for Rent in Downtown Eugene Neighborhood of Eugene, OR from $1,200 (6 Rentals)

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

property at 531 Monroe St

531 Monroe St

EugeneOR97402

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.

property at 561 Madison St

561 Madison St

EugeneOR97402

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.

Cheapest Available Downtown Eugene Apartments for Rent

 

The cheapest available apartment rental in the Downtown Eugene area of Eugene, OR is a Studio unit found at The Pearl priced from $999. mcno01 457 W. 8th Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. Here are the most affordable Downtown Eugene apartments for rent in Eugene, OR:

Apartment ListingModel NameBed/BathPriced From
The PearlSTUDIOStudio,1BA$999
mcno01 457 W. 8th Ave2BR/1.0BA2BR,1BA$1,050
Ferry Street FlatsStudio - CStudio,1BA$1,085

Best Value Apartments for Rent in Downtown Eugene, OR

As of September 14, 2025 the best value apartment in the Downtown Eugene area is the $1.63 price per square foot 4BR/2BA Flat Model at The Anthony in the in the Laurel Hill Valley neighborhood starting from $3,400. The second greatest value Downtown Eugene apartment is the 3x2A Model at The Sequoia starting at $2,475 with a $2.11 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.
The Anthony4BR/2BA Flat4BR,2BA$1.63
The Sequoia3x2A3BR,2BA$2.11
Patterson Tower2x1.5 A2BR,1.5BA$1.69
The Andy2x12BR,1BA$1.88
mcno01 457 W. 8th Ave2BR/1.0BA2BR,1BA$1.50
The Hutton2x1B2BR,1BA$2.69
Campus Apartments1 Bed, 1 bath1BR,1BA$1.83
35 Club Apartments1x1 A1BR,1BA$2.55
Patterson House1BR/1.0BA1BR,1BA$2.53
1605 Pearl St, Unit 41605 Pearl St1BR,1BA$1.99

Frequently Asked Questions about Downtown Eugene

What type of rentals are currently available in Downtown Eugene?

There are currently 474 Apartments for Rent in Downtown Eugene, OR with pricing that ranges from $675 to $3,850. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Eugene ranging from $1,200 to $3,500.

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 $1,200 to $3,500 with an average monthly rent of $2,263.

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 $750 to $2,154, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $1,895. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $685.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.