
Cheap Apartments for Rent in Prospect, OR from $800 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.


433 N Grape St

437 N Grape St

403 De Barr Ave

The Jackson

Genesis Apartments
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.

Poplar Village North

Lookingglass Apartments

144 Onyx St

7861 Houston Lp

311 Laurel St

Saddle Butte Duplexes

Anjou Club Apartment Homes
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.

Oakridge

1526 W Main St

7857 Houston Lp

10 Dion Ct
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.
Prospect, OR Local Guide

How much does it cost to rent an apartment in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Studio Apartments | $1,256 | $941 | $1,525 |
| Prospect 1 Bedroom Apartments | $1,285 | $865 | $2,100 |
| Prospect 2 Bedroom Apartments | $1,553 | $1,125 | $2,100 |
| Prospect 3 Bedroom Apartments | $1,810 | $1,361 | $2,200 |
Browse Top Apartments in Prospect
See all Apartments in ProspectExplore Prospect
Prospect, OR Local Guide
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Cheapest Available Prospect Apartments for Rent and Nearby
 The cheapest available apartment rental in Prospect, OR is a Studio unit found at Valley Pines priced from $941. Bartlett Street Apartments in the Downtown Medford neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley Pines | Studio | Studio,1BA | $941 |
| Bartlett Street Apartments | #15 | 1BR,1BA | $1,000 |
| Genesis Apartments | Studio | Studio,1BA | $1,095 |
| The Jackson | E Building | Studio,1BA | $1,095 |
| Lookingglass Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Prospect, OR and Nearby
As of December 09, 2025 the best value apartment in the Prospect area is the $1.26 price per square foot 3 Bed 2.5 Bath Model at Oak Grove Estates in the starting from $1,895. The second greatest value Prospect apartment is the 3X2A Model at Ridgewood starting at $2,147 with a $1.50 price per square foot . Here is today’s list of the best values for Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Grove Estates | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.26 |
| Ridgewood | 3X2A | 3BR,2BA | $1.50 |
| Saddle Butte Duplexes | 101 | 2BR,1.5BA | $1.36 |
| Riverwood Apartments | 2 Bedroom 2 Bath - 1010 sq. ft. | 2BR,2BA | $1.46 |
| Ivy Club Apartments | 1 BEDROOM UPSTAIRS | 1BR,1BA | $1.39 |
| Charles Point | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.73 |
| Orchard Glen Estates | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.58 |
| The Jackson | E Building | Studio ,1BA | $1.37 |
| Poplar Village North | Floor Plan A | 1BR,1BA | $1.41 |
| Lookingglass Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.69 |
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 ArticleThe 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.
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!
Explore Prospect, OR Rentals by Map
See the most popular apartments and homes in Prospect, OR
Frequently Asked Questions about Cheap Prospect Apartments
What is the Cheapest Studio apartment in Prospect?
Currently the most affordable Cheap Studio Apartment in Prospect is at Valley Pines listed at $941.
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $1,000 at Bartlett Street Apartments.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $1,195 at Lookingglass Apartments.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Charles Point and starts from $1,595.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.



