Cheap Apartments for Rent in the University Neighborhood of Eugene, OR from $500 (66 Rentals)

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

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Patterson Tower
Rent Specials
$1,199 - $1,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,999
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Patterson Tower

1080 Patterson StEugene, OR 97401
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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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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Portal Eugene
Rent Specials
$1,460 - $3,176
Total Monthly Price

Total Monthly Price

Base Rent
$1,460 - $3,176
Total Monthly Price
$1,460 - $3,176
Studio to 3 Bedroom Apartments Available Now

Portal Eugene

355 E 5th AveEugene, OR 97401
Student Housing
  • Verified
  • Customer Reviewed
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Heartwood
Rent Specials
$1,529 - $3,235
Total Monthly Price

Total Monthly Price

Base Rent
$1,529 - $3,235
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Heartwood

500 Ferry StEugene, OR 97401
Furnished
  • Verified
  • Customer Reviewed

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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Harris House
Studio to 3 Bedroom Apartments

Harris House

1825-1827 Harris StEugene, OR 97403
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Campus Studios
Studio Apartments

Campus Studios

735 E 14th AveEugene, OR 97401
Student Housing
  • Utilities Included
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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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Camelot Apartments
1 Bedroom Apartments

Camelot Apartments

800 E 18th AveEugene, 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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THE WILDER APARTMENTS
Studio to 1 Bedroom Apartments

THE WILDER APARTMENTS

259 E 13th AveEugene, OR 97401
  • 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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Hide-A-Way Apartments
3 Bedroom Apartments

Hide-A-Way Apartments

710 15th AlyEugene, OR 97401
Student Housing
  • Utilities Included
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1840 Garden
Studio to 1 Bedroom Apartments

1840 Garden

1838 Garden AveEugene, OR 97403
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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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High Street Terrace
Studio to 2 Bedroom Apartments

High Street Terrace

1053-1057 High 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

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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Showing Results 1-50, Page 1 of 2

University, Eugene, OR Local Guide

Cheapest Available University Apartments for Rent

 

The cheapest available apartment rental in the University area of Eugene, OR is a 1 Bed unit found at Harris House priced from $595. Ducks Village has the second lowest priced unit, which is a 3 Beds apartment currently listed from $619. Here are the most affordable University apartments for rent in Eugene, OR:

Apartment ListingModel NameBed/BathPriced From
Harris House1 Beds, 1 Baths1BR,1BA$595
Ducks Village3 Bedroom W/D3BR,2BA$619
Duck Landing4x2 Standard Individual Room Rate4BR,2BA$699
The SotoW4x24BR,2BA$930
The Rive Eugene5x55BR,5BA$999
Eugene Manor Apartments1 Bedroom (Small)1BR,1BA$1,124
The PearlSTUDIOStudio,1BA$1,250
1840 GardenStudio IStudio,1BA$1,254
Union on BroadwayS3Studio,1BA$1,275

Best Value Apartments for Rent in University, OR

As of April 16, 2026 the best value apartment in the University area is the $1.77 price per square foot 4x2 Model at The Ponderosa in the in the Fairmont neighborhood starting from $2,850. The second greatest value University apartment is the 1777 Mill St #3 Model at 1755-1777 Mill St starting at $2,800 with a $2.08 price per square foot in the Laurel Hill Valley neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Ponderosa4x24BR,2BA$1.77
1755-1777 Mill St1777 Mill St #33BR,2BA$2.08
The Sequoia3x2A3BR,2BA$2.28
Patterson Tower2x1.5 A2BR,1.5BA$1.52
MW23x2B Furnished3BR,2BA$2.01
1943 Onyx St, Unit Unit 11943 Onyx St2BR,1BA$1.47
Chase Village1X11BR,1BA$2.01
Arena District Apartments2BR/1BA2BR,1BA$1.81
High Street TerraceStudioStudio ,1BA$2.26
Eugene Manor Apartments1 Bedroom (Small)1BR,1BA$2.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
University, Eugene, OR

Ranked #6

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap University Apartments

What is a cheap apartment in University?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,275.

What is the price of a cheap apartment in University?

The cheapest apartment in University is Harris House which is listed at $595, while the average apartment in University costs $1,977.

What types of apartments are the cheapest in University?

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 171 regular apartments in University 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 University?

Cheap apartments in University have an average cost of $1,296 which is $681 cheaper than the average rent for all rentals in University.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.