
Cheap Homes for Rent in Murphy, OR from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Murphy.


722 NW 5th St

700 NE 10th St

306 SW K St

602 Schroeder Ln

775.5 SE 6th St
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.

719 SW Bridge St

2024 NE Fairview Ave

1842 NE Foothill Blvd

119 SW Hall St

827 NE A St

332 NE 9th St
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.
Murphy, OR Local Guide

How much does it cost to rent a home in Murphy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Murphy 2 Bedroom Homes for Rent | $1,658 | $1,150 | $2,375 |
| Murphy 3 Bedroom Homes for Rent | $2,145 | $1,800 | $2,600 |
| Murphy 4 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
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Murphy, OR Local Guide
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Cheapest Available Murphy Apartments for Rent and Nearby
 The cheapest available apartment rental in Murphy, OR is a Studio unit found at Valley Pines priced from $941. The Jackson in the Downtown Medford neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here is today’s list of the most affordable Murphy apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley Pines | Studio | Studio,1BA | $941 |
| The Jackson | E Building | Studio,1BA | $1,095 |
| Bartlett Street Apartments | #9 | 1BR,1BA | $1,100 |
| Orchard Glen Estates | 2 Bedroom 1.5 Bath Apartment | 2BR,1BA | $1,275 |
| Discover Downtown Living at New Medford Apartments | 1x1 I-09 | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Murphy, OR and Nearby
As of May 31, 2026 the best value apartment in the Murphy area is the $1.29 price per square foot 1809 Model at 1809 Williams Hwy in the starting from $1,950. The second greatest value Murphy apartment is the 3 Bed 2.5 Bath Model at Oak Grove Estates starting at $1,895 with a $1.26 price per square foot . Here is today’s list of the best values for Murphy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1809 Williams Hwy | 1809 | 4BR,2BA | $1.29 |
| Oak Grove Estates | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.26 |
| Saddle Butte Duplexes | 101 | 2BR,1.5BA | $1.20 |
| Ridgewood | 2X2A | 2BR,2BA | $1.74 |
| Ivy Club Apartments | 2 BEDROOM UPSTAIRS | 2BR,2BA | $1.36 |
| Ashlander Apartments | 3BR/1BA | 3BR,1BA | $1.79 |
| Charles Point | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.73 |
| Smith Crossing Apartments | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.77 |
| Orchard Glen Estates | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.58 |
| The Jackson | E Building | Studio ,1BA | $1.37 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Murphy
What type of rentals are currently available in Murphy?
There are currently 42 Apartments for Rent in Murphy, OR with pricing that ranges from $895 to $2,250. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Murphy ranging from $1,000 to $2,600.
What is the current price range for Rental Homes in Murphy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Murphy ranges from $1,000 to $2,600 with an average monthly rent of $1,802.
How much are larger Three and Four Bedroom Rentals in Murphy?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Murphy range from $1,372 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $1,950.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.