
Cheap Homes for Rent in the University Neighborhood of Eugene, OR from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Eugene.


729 E 18th Aly

576 E 16th Ave

235 E 2nd Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

950 Patterson St

1370 High St, Unit Apt #B

1846 Pearl St

1370 High St, Unit Apt #A
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
University, Eugene, OR Local Guide

How much does it cost to rent a home in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University 2 Bedroom Homes for Rent | $1,960 | $1,350 | $3,000 |
| University 3 Bedroom Homes for Rent | $2,647 | $2,195 | $3,350 |
| University 4 Bedroom Homes for Rent | $3,295 | $2,895 | $3,995 |
| University 5 Bedroom Homes for Rent | $4,312 | $3,500 | $5,250 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the University Neighborhood of Eugene, OR.
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University, Eugene, OR Local Guide
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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 551e14 priced from $650. Alderstreet Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable University apartments for rent in Eugene, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 551e14 | 1BR/2.0BA | 1BR,2BA | $650 |
| Alderstreet Apartments | 1BR/1.0BA | 1BR,1BA | $695 |
| University Manor | 1BR/1.0BA | 1BR,1BA | $715 |
Best Value Apartments for Rent in University, OR
As of September 05, 2026 the best value apartment in the University area is the $1.61 price per square foot 2BR/1.0BA Model at Clairmont-Kincaid Apartments in the in the Laurel Hill Valley neighborhood starting from $1,495. The second greatest value University apartment is the 3BR/1.0BA Model at 24214t starting at $1,695 with a $1.83 price per square foot in the Fairmont neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Clairmont-Kincaid Apartments | 2BR/1.0BA | 2BR,1BA | $1.61 |
| 24214t | 3BR/1.0BA | 3BR,1BA | $1.83 |
| Willamette Gardens | B2 | 2BR,2BA | $1.42 |
| The Arcade | 3x1A by the bedroom | 3BR,1BA | $0.86 |
| 1747 Hilyard Alley | 3BR/1.0BA | 3BR,1BA | $1.81 |
| 1948 Harris St, Unit #5 | 1948 Harris St | 2BR,1BA | $1.63 |
| Chase Village | 1X1 | 1BR,1BA | $1.68 |
| Alderstreet Apartments | 1BR/1.0BA | 1BR,1BA | $0.99 |
| Arena District Apartments | 2BR/1BA | 2BR,1BA | $1.56 |
| University Manor | 1BR/1.0BA | 1BR,1BA | $1.52 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Pet Friendly LifestyleUniversity, Eugene, OR
Ranked #8
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 371 Apartments for Rent in University, OR with pricing that ranges from $595 to $5,000. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $900 to $5,250.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $900 to $5,250 with an average monthly rent of $2,625.
How much are larger Three and Four Bedroom Rentals in University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University range from $699 to $2,927, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,195 to $3,350. Four Bedroom Single-Family rentals are also available starting from $2,895 and Four Bedroom Apartments start at $595.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.